Ripple (XRP)

Ripple has invested $25 million in XRP to Blockchain Capital Parallel IV, LP — the first fund to accept capital calls in digital assets — and focus entirely on the development of the blockchain space. The $150 million fund managed by Blockchain Capital will invest in entrepreneurial teams that are building businesses using blockchain technology. The investment will also provide an opportunity to identify new use cases for the XRP Ledger and Interledger Protocol . As open source platforms, the XRP Ledger and Interledger Protocol provide an avenue for developers to work directly with the technology and build on it. While Ripple’s primary focus has been to remove friction from cross-border payments, the investment in Blockchain Capital’s fund provides an opportunity to support and develop additional use cases beyond payments. “As pioneers in the blockchain sector, we have been on the frontlines and in the trenches with our portfolio companies, like Ripple, building a new crypto ecosystem,” said Bart Stephens, co-founder and managing partner of Blockchain Capital. “There are entire verticals — such as healthcare or identity management — that could benefit from blockchain or distributed ledger technology.” “Whether it’s using XRP, bitcoin or just the underlying blockchain technology, our goal is to find the best projects and give them the resources to be successful companies that deliver value to customers for the long term.” As the ecosystem around blockchain continues to expand and develop, Ripple will look to support new use cases of the technology including more investments in business use cases developed by entrepreneurial teams and funds. “Blockchain Capital is the premiere fund for any project looking to get off the ground in the blockchain space. They have a proven track record for finding and funding the projects that matter,” said Patrick Griffin, SVP of Strategic Growth at Ripple. “This is the first fund that we’ve contributed to, and it won’t be the last. We plan to be major players in shaping the future generation of blockchain or crypto companies.” Ripple believes in supporting the XRP Ledger and Interledger Protocol and will continue to look for opportunities to support entrepreneurs, companies and funds that share this vision. To learn more about the fund visit Blockchain Capital’s website . Source: https://ripple.com/insights/ripple-invests-25-million-to-drive-innovation-in-blockchain-and-digital-assets/

BOSTON (CBS) – A giant gift is making the dreams of thousands of students and teachers all across the country come true. The gift came from technology startup Ripple, in the form of $29 million. That money will pay for about 35,000 classroom crowdfunding projects posted on the website donorschoose.org. WBZ spoke to local teachers who say the funding will make a big difference. Stephen Colbert made it public on last night’s Late Show. “I have a huge announcement about one of my favorite charities, donorschoose.org,” he told the audience. Students at a classroom benefited by DonorsChoose.org (Photo credit: DonorsChoose.org). Donors Choose is a nonprofit where teachers post requests for things their students and classrooms need. Anyone can give money to any project. Donors Choose just got a $29-milllion donation from a California company called Ripple, that will pay for every single classroom project on the site. That’s 35,000 projects. “It’s a million students and teachers who are getting books, art supplies, field trips, robotics kits,” says Charles Best, the website’s founder. Felicia Spencer, an English Language Arts teacher, and Tom Shull, a speech pathologist, team teach at Snowden International High School in Boston. The huge donation will fund six projects for them. “Chairs. I needed enough chairs for my classroom. We don’t always have enough places for people to sit,” says Shull. Felicia Spencer and Tom Shull (WBZ-TV) Spencer will get “no fear” Shakespeare books for her class. “It puts the original version next to a modern day translation so that it makes the text more comprehensible for my students,” she says. It’s not the first time they’ve posted requests on Donors Choose. Between them they’ve had nearly 60 projects funded. “I’ve gotten Donors Choose donations for bookshelves, tables, chairs, paper, printer ink,” Spencer says. In a world where public school teachers dig into their own pockets to buy supplies, this system fills a growing gap. “To make a difference in more than one student’s life at a time, it’s priceless,” Spencer says. “It gives us the tools to do it. It gives us the tools to dream,” adds Shull. Now that the current project requests are covered, a new round of funding requests will begin to be posted on Donors Choose. And they’ll be looking for donations to pay for those. Best says teachers’ classrooms dreams have come through in one fell swoop. That’s evident in the jubilant comments on DonorsChoose.org’s Facebook page. #Ripple #Charity #GiantGift #SchoolProjects #BestSchoolDay Source: http://boston.cbslocal.com/2018/03/28/donorschoose-ripple-classroom-projects-funded-donors-choose/ https://cbsloc.al/2J0MZC5

The progress of Ripple (XRP) happens so quickly that major news gets buried under FUD on a basis of seconds, but XRP transaction speeds have nonetheless surpassed VISA transaction speeds at a rate of more than two-to-one while few were noticing. Because of recent updates to XRP, the alt-coin can now process 50,000 transactions per second compared to VISA’s 24,000 transactions per second. The number of VISA transactions per second is publicly available information published at the VISA website portal, which cites testing of transaction speed that was conducted in 2010. XRP’s 50,000 transactions-per-second is information available at the Ripple company’s website portal that was updated in July 2017. However, recent XRP potential COBALT updates and system health decentralization improvements promise to further increase the transaction speed/capacity that the altcoin is capable of, as well as improve the safety of XRP transactions. The improvement of transaction speed improves the likelihood of XRP (Ripple) adoption by the more than 100 banks that have confirmed the trial of Ripple technologies in their systems. Banks have embraced the Ripple system so frequently that Ripple CEO Brad Garlinghouse commented in a recent interview that the company would not announce more bank adoption numbers until they reach 200. For those who are not aware of the difference between the Ripple company and the XRP alt-coin, Ripple is an international financial transaction company whose owners maintain the majority of the XRP alt-coin for business use—HODn XRP to ensure that banks and financial institutions that it conducts business with will have a sufficient amount of XRP to carry out cross-border fiat-to-fiat conversions and other similar uses of XRP that relate to financial transactions. Although many in the cryptocurrency community interpret this business decision of the Ripple company to HOD their available XRP as an inherent flaw, for the average XRP investor, this decision is a boon since it permanently reduces the amount of the XRP alt-coin that is in circulation any given day in the trading community, and, most importantly, it ensures that the Ripple company can provide a sufficient amount of XRP to its financial partners. Thus the value of XRP as an artifact and not as a utility increases, and thus the qualities of XRP an alt-coin simultaneously increase in its capacity to bridge artifact value and use-case value. In the valuation analysis of alt-coins, two valuation systems have emerged. One that acknowledges the artifact value of an alt-coin that is tied to the limited number and the consequent desirability of cryptocurrency—such as the highly limited number of Bitcoin (BTC) that is available and that therefore makes the coin valuable for the simple fact that the number of Bitcoin (BTC) is limited (now at merely 21 million). The other emerging consideration to the value of alt-coin involves the use-case of cryptocurrency. In this respect to use-case valuation, XRP is considerably in the forefront of most if not all cryptocurrencies because of the adoption of XRP by the financial sector—most notably to date by the Cuallix financial system, an international company that uses XRP to bridge cross-border fiat transactions and payments. Also, however, this use-case valuation is solidified by the Ripple company’s partnership with SBI Holdings, the leading financial service company in Japan. Their subsidiary, SBI Securities, is Japan’s largest online securities company with more than 4 million brokerage accounts. SBI Virtual Currencies launched in beta on January 30 and is expected to soon launch in real time. The exchange is designed to provide a respected and reliable exchange for both its institutional customers and individual digital asset buyers in Japan. SBI Virtual Currencies will use XRP as the only digital asset supported at launch. LIMITATION IS GOOD FOR ARTIFACT VALUE According to statistics available at coinmarketcap.com, the number of XRP in circulation equals approximately 39 billion, having already neared the number of the alt-coin that is available to the public. According to information from the Ripple company, there are 55 billion of the XRP alt-coin that have been placed into escrow, with the allowance that the Ripple company can sell up to a billion per month. However, the Ripple company seems to be HODn its available XRP, and selling only millions of the alt-coin each month and placing the remainder back into a posteriorly-dated escrow, which means that the XRP that is not sold each month is then positioned to be sold at later than the original escrow timeline dates set by the company, decades down the line. Although each month the Ripple company releases some of the alt-coin to fund its business activity, the number that is sold monthly is low. Thus there are only really about 6 billion XRP available to the general public, plus the few million that the company sells each month to fund its business activities. SPEED IS DEADLY Because XRP can process transactions twice as fast as one of the leading credit card companies in the world, and with more than a hundred banks looking at XRP as a potential artifact to execute cross-border transactions, and with most of the XRP that is available to the public now exhausted, the current undervaluation of XRP is self-evident. Look to XRP in the coming years to become the standard of value for alternative currencies, positioned to continue to lead the cryptocurrency world in use-case valuation. #Ripple #xrp ADVISORY: Some information in this op-ed was used verbatim from industry websites. Other information referenced comes from news reports. I am not a financial advisor and I do not recommend speculating in cryptocurrency. I own some XRP and other alt-coins, but I don’t day trade. Source: https://oracletimes.com/xrp-ripple-surpasses-visa-transaction-speed/