THE LATEST CRYPTO EXPANSIONS

THE LATEST CRYPTO EXPANSIONS

Ripple and XRP

Cross border payment solutions via XRP have been opened up and are now available in both Argentina and Brazil.

The payment solution is dubbed xRipple, and was announced at a recent conference focusing on the international monetary system, held by Swiss National Bank. Brad Garlinghouse, CEO of Ripple, announced that,

“People are getting liquidity that exists in the marketplace in local regions between XRP and the Philippine Peso, XRP and the Argentine Peso, XRP and the Brazilian Real. And it’s tapping into that liquidity that exists in the marketplace.”

Ripple has recently skyrocketed xRapid adoption, with the service now also available to the public in Mexico and the Philippines. Mercury FX is one of the main companies powering the payments between the two countries.

Amazon Crypto Patent

A new patent has been issued to Amazon, which now allows them to create proof-of-work cryptographic systems via a number of different avenues.

This proof-of-work algorithm is a method by which transactions are verified and is the same one that is used by the likes of Bitcoin and a number of other Cryptocurrencies.

Anthony Pompliano, Co-Founder of Morgan Creek Digital, tweeted about the new patent on May 17th 2019,

“BREAKING: Amazon has filed a patent in the US for a proof-of-work system that leverages cryptocurrency. There’s not a large company in the world who isn’t going to join the revolution. THE VIRUS IS SPREADING.”

Bitcoin’s Exclusive ‘21 Million Club’

The number of Bitcoin addresses holding more then 1 BTC is at an all time high, and now stands at a total of 732,982 addresses which are now part of the exclusive ‘21 Million Club’. The phrase is representative of the total supply amount of Bitcoin.

Kevin Rooke, a prominent YouTube vlogger and cryptocurrency commentator tweeted May 17th 2019,

“The Bitcoin virus continues to spread. 732,982 Bitcoin addresses now own more than 1 BTC.”

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