Ripple Lawsuit might Change Cryptocurrencies’ Legal Status

One way Coffey v. Ripple Labs would change the cryptocurrency market is by proving that ICO and altcoin owners have many of the same rights as stockholders.

If courts agree with the claims of Coffee’s lawyer; James Q. Taylor-Copeland, the case might force the Securities and Exchange Commission (SEC) to regulate all ICOs and cryptocurrencies like securities.

That might create a level of regulation and legal oversight that would make cryptocurrencies unprofitable and perhaps unviable in the United States. It would certainly threaten all the financial services altcoins such as BAAB (BAX) and Bancor (BNT).

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Is Ripple integrating with Apple Pay?

Widely-used solutions like Apple Pay cannot work with cryptocurrencies because the sheer volume of payments that would generate would crash the altcoin system. Or worse payments might take hours to process, which enrage customers.

It sounds as if Ripple might have partially solved the blockchain scalability problem. One way it may have done is to provide a direct connection with bank accounts. The Ripple Team is planning to roll out Money App, a smartphone tap, designed to connect Ripple and bank accounts in Japan this fall.

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Is MoneyGram Making Money?

Ripple might help MoneyGram make money because people would be able to send XRP payments to its stores.
The customers would be able to pick up the payment in cash or get it converted into fiat currency and downloaded into a debit card at MoneyGram. Another popular use for Ripple would be to convert it into fiat currencies to pay utility, tax or other bills from MoneyGram.

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Ripple Joins Hyperledger, Central Banks experimenting with Blockchain Securities Swaps

Ripple (XRP) has joined the Linux Foundation-sponsored Hyperledger Project. This move is potentially disruptive because the Hyperledger Project is an

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The Universa Cryptocurrency is Building a Better Blockchain

The Universa team claims that their system will be one thousand times faster and one hundred times cheaper than Bitcoin (BTC). They also boast that their system will be far more scalable and capable of offering 20,000 transactions a second.

That compares favorably to Visa’s (NYSE: V) global payment system which is supposedly capable of handling 24,000 transactions a second. Visa claims to be able to process 24,000 transactions a second and to handle 140 million transactions a day. That might translate into a lot of cash of if Universa is capable of living up to that hype.

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PayPal adds Instant Transfer to Venmo

This should greatly increase Venmo use by eliminating two of the greatest drawbacks to the app. Those drawbacks were the inability to use it at most brick and mortar businesses, and the difficulty converting Venmo funds into paper cash.

Payments will be the big tech battle of 2018. Expect competition in this sector to heat up as PayPal starts raking in more cash.

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Major Bank Santander rolls out Ripple App

It is not clear if the Santander App will be integrated with the Amex experiment. Ripple and wire-transfer service MoneyGram International (NASDAQ: MGI) are testing currency transfers, Fortune reported. It is not clear if Santander will be part of that experiment either. News stories have not said if Santander or American Express is planning a Ripple Amex Cards. Such a card would be a logical next step.

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Sorry Ripple is not the Second Most Valuable Cryptocurrency

The claims of Ripple’s value you have seen in the mainstream media are greatly exaggerated.

The misconceptions about Ripple come from the way “investment news” is covered by the big media.
Despite the inaccurate stories about it; Ripple is actually a pretty good investment as cryptocurrencies go. It has some value characteristics including a high Market Cap and a Low Coin Price.
More importantly, Ripple’s technology is being adopted and evaluated by large companies and financial institutions. MoneyGram (NASDAQ: MGI) is examining the possibility of using Ripple’s ecosystem for money-transfers and remittance payments, a Ripple press release indicates. MoneyGram has been described as the second-largest transfer service in the world behind Western Union (NYSE: WU).

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Some Cryptocurrency Predictions for 2018

The biggest cryptocurrency event in 2018 will be the appearance of a government-issued cryptocurrency or a government ICO. There are plans for government ICOs in Venezuela and Estonia.

The Estonian effort is the most serious right now, but specifics on it are light. The Estonian ICO would have major effects because the Baltic Nation is part of the European Union and the Eurozone.

Expect the Ethereum Coin Price to shoot up if Estonia releases a cryptocurrency and the EU doesn’t try to kill it. There will be major speculative bubbles around both Ether and Estcoin if there is an Estonian ICO.

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