The cryptocurrency market’s recent roller-coaster movement has left a lot of users and holders baffled with twenty nineteen starting off on a bullish high and currently witnessing a sideways price movement. The time period has also seen Ethereum [ETH] and XRP switch positions to become the second and third largest cryptocurrency respectively on the cryptocurrency charts.
The XRP community has been one of the most active participants in the crypto space and has always maintained a steady positive stand on the cryptocurrency’s present and future. This moral was boosted when Weiss Cryptocurrency ratings recently released a post stating that XRP could become the number one cryptocurrency in 2019. The report said:
“Ripple’s XRP, in particular, is aiming to disrupt SWIFT, the giant payments network of the global banking system. If it can manage to chip away at SWIFT’s market share and even replace it in some areas, there’s a chance that XRP could eventually become the world’s No. 1 cryptocurrency.”
Weiss’ prediction comes on the back of reports that cited multiple tie-ups between XRP and established financial institutions as well as several listings. This included XRP’s margin trading facility being launched by Kraken. The exchange stated:
“Please note that BCH and XRP are not collateral currencies. This means you cannot open margin positions against the value of your BCH or XRP balances. For this reason, you should always maintain adequate balances of other collateral currencies to maintain your margin positions.”
Another prediction made by the body was majorly skewed towards Bitcoin, claiming that in the new year Bitcoin will be increasingly used as a store of value. Weiss’ report pointed out qualities such as high portability and a chance to compete with gold as the value standard. This claim was also backed by Lou Kerner recently when he stated that Bitcoin is on its way to becoming a respectable store of value. In his words:
“Gold right now is an $8 trillion asset while Bitcoin is a $60 billion asset. In my opinion, the value o Bitcoin can go up 100 fold that will ensure that the field of digital assets goes a long way.”
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Ripple-backed XRPL Labs releases XRPayments on Playstore and App store
The Ripple-backed startup, XRPL Labs had been working on various technologies to develop the ecosystem. One of these technologies, XRPayment, was in its testing phase and has been finally launched and made available on the Google Play store and Apple app store.
Wietse Wind, the developer of XRPtipbot and one of the developers at XRPL Labs, informed the XRP community about this on his Twitter. Wind stated:
“Right on time! 🎉 🎉 🎉 Our XRPayments app was just accepted by Google and Apple. You can get the app now from the Apple iOS or Google Play store, and start accepting $XRP for payments in your physical store!”
The application received a lot of traction, especially from the XRP enthusiasts, however, one of the users pointed out an issue he encountered while using the application. Twitter user @almost_summer_ asked Wind:
“hi Wietse great job! just downloaded it, if i open the coinbase or uphold wallet app i can scan the QR but it does not auto fill in the amount of XRP to send. the XRPay web version did fill in the amounts. is that supposed to be like that?”
Wind replied to the user saying that the team wanted users to think about the amount they and perhaps tip the service. He also added:
“Some wallet apps can read a pre filled amount, and the web version implemented that, thus breaking support with some other clients. For this app we wanted 100% support, so we left out the pre filled amount feature for now.”
Wind and the team are also working on a ‘signing platform’ which will enable the users to sign and approve transactions from an application or the web application from any developer, without sharing their mnemonic, through a push message or QR code.
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