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X-raying XRP Perception by Numbers



About 47.6% of the Ripple community members who participated in the poll said that they are ‘Extremely Likely’ to recommend the XRP coin to their family and friends.

Stedas, a cryptocurrency investor and XRP educator, has arguably conducted the largest Ripple Community Poll that has given a comprehensive view about the XRP coin holders’ perception. According to the figures released by Stedas, more than a thousand Ripple community members participated in the poll which totals about 30.

Per the figures, more than 72% of XRP coin investors or holders expressed faith in the potentials of the digital currency to hit $100 someday. The belief in the coin’s potentials perhaps caused more than 50% of the people polled to say that they would not give up their XRP investment for any reason. 

The total demographics of the poll includes 89% men and only 11% women, giving an inclination of a somewhat gender imbalanced industry, and of the Ripple community members who participated in the poll, 68% said they invested in XRP primarily as a means to get rich. Based on the percentage of the XRP coin holding, over 50% of the respondents have about 10,000 to 50,000 XRP coins. The data showed that 10% of the people polled said that XRP constitutes about 10 to 30% of their entire crypto portfolio while 42.9% said all over their crypto investments are domiciled in XRP.

Also, about 47.6% of the Ripple community members who participated in the poll said that they are ‘Extremely Likely’ to recommend the XRP coin to their family and friends. The opinion of the community was also sought to reveal which Ripple executive people believe much more in. As such, the company’s Chief Technical Officer David Schwartz ranks as the most popular employee garnering 62.4% of those polled. Chief Executive Officer Brad Garlinghouse came second with 33.2% saying he is their favorite employee.

Significance of the Ripple Community Poll

The major drive of most cryptocurrency project is to secure the trust and confidence of its community and/or users. XRP coin performance has not been impressive since the past cryptocurrency bullish era and since XRP hit its all-time high in January 2018 where its value rose to $3.84 per coin according to Coinpaprika

Despite the digital currency being about 90% short of this all-time high figure, further compounded with the fact that it has lost 13.81% of its price this year, the Stedas poll showing that about 30% of the respondents believe that the coin will close in 2020 with about $5 per coin gives a resurging hope that the coin needs to stay relevant. Despite the underperforming nature of the XRP coin, the Ripple Community Poll also highlights that about 55% of XRP investors are in profit since betting on the coin.

The fundamentals behind the XRP coin are strong and its growing adoption in facilitating remittances and cross-border payments will continue to boost investor’s confidence in the coin. As of the time of writing, XRP has lost 2.48% in the past 24 hours to erode the 2.42% gain it amassed in the past week.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Ripple to Cash Out 33% of Its Stake from Payments Giant MoneyGram




It comes only a year after Ripple announced its partnership with MoneyGram getting a 17% stake in the company’s outstanding shares. Over the last year, Ripple has reportedly paid around $52 million to MoneyGram.

In one of the major developments, San Francisco-based blockchain startup Ripple shall be cashing out 33% of its stake in remittance giant MoneyGram International Inc (NASDAQ: MGI). This comes only a year after Ripple invested a sizeable amount last year in 2019.

On Friday, November 27, the filing from the US Securities and Exchange Commission (SEC) also Ripple hold 8.6% of outstanding MoneyGram shares i.e. 6.2 million shares. Additionally, it also has a warrant to buy another 5.95 million shares i.e. a total of 17% of MoneyGram’s outstanding shares.

Thus, from this entire stake, Ripple plans to share 4 million shares which are 33% of its entire position. After this liquidation, Ripple shall still be holding 11% of the stake in MoneyGram. During its initial investment in June 2019, Ripple purchased MoneyGram shares at a premium of $4.10 per share. In 2020, MoneyGram shares has already surged over 260%. On Friday closing, the MGI shares were trading at $7.42, meaning Ripple shall be pocketing 80% profit with this sell. Speaking to CoinDesk, a Ripple spokesperson said:

“Ripple is a proud partner in MoneyGram’s digital growth transformation. This is purely a judicious financial decision to realize some gains on Ripple’s MGI [MoneyGram International] investment and is in no way a reflection of the current state of our partnership”.

Ripple has disclosed any reason behind liquidating its stake in MoneyGram. Besides, it is not clear what Ripple plans to do ahead with the proceeds of the sale.

Ripple and MoneyGram Partnership

Ripple and MoneyGram announced their partnership last year in 2019 with a common goal of bringing new technology to global remittance and expanding their footprint in the market. MoneyGram uses Ripple’s XRP-based xRapid solution that offers on-demand liquidity (ODL) for instant cross-border settlements.

MoneyGram has used Ripple’s solution to conduct transactions across Australia, the Philippines, and Europe. Since their partnership in June 2019, Ripple has paid at least $52 million to MoneyGram. The Ripple spokesperson said:

“We will remain a significant shareholder in MoneyGram following the sale – they are clearly a leader in the global payments space in over 200 countries and territories. In just over a year, we’ve made incredible progress and look forward to continuing to work alongside MoneyGram to transform cross-border payments.”

The latest development comes as Ripple has been planning to move its HQ out of the US citing regulatory hurdles. On the other hand, Ripple is also planning to work with central banks for offering support to future CBDCs over its XRP ledger.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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IOTA and Bitpanda-Backed Pantos Join Efforts to Launch Christian Doppler Laboratory in Austria




The official opening of the Christian Doppler Laboratory took place yesterday, with the Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck attending the event.

IOTA, a non-profit organization and creator of the IOTA, IOTA Tangle, and MIOTA, is expanding its focus on the Internet-of-Things (IoT) industry through its blockchain technology. On November 26, IOTA announced a partnership with Bitpanda company Pantos to foster research in distributed ledger technologies and their use in IoT. Within the partnership, the companies have launched a new laboratory. Named the CDL Blockchain Technologies for the Internet of Things (CDL-BOT), it will be housed at the Vienna University of Technology. It will accelerate the everyday use of DLT.

IOTA and Pantos Opened New Laboratory

The official opening of the Christian Doppler Laboratory took place yesterday, with the Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck attending the event. According to IOTA and Pantos, the laboratory will run for seven years. Besides, it will be headed by Prof. Stefan Schulte and employ several postdoctoral and doctoral students.

For IOTA, the Christian Doppler Laboratory marks an important step in deepening its academic research about the Tangle. It will also benefit from a partnership with leading European private sector initiatives, which will ensure the relevance of such activities across industries.

IOTA co-founder Dominik Schiener said:

“Together with the world-leading academic institution TU Wien and Pantos as a cutting-edge technology provider, we will jointly focus on the interoperable transfer of digital assets and trusted Internet of Things while expanding our footprint in Austria specifically.”

As for Pantos, the collaboration will enable it “to stay at the forefront of interoperability development”. It will also “solve one of the biggest complexities in this young but steadily maturing industry”.

IOTA Foundation’s Research into DLT and IoT

IOTA Foundation is a global non-profit foundation that backs the research and development of new distributed ledger technologies. It aims to solve the fundamental blockchain issues like scalability, environmental sustainability, and cost.

The company is a board member of the International Association for Trusted Blockchain Applications. Furthermore, IOTA Foundation is a founding member of the trusted-IoT alliance as well as the mobility open blockchain initiative (MOBI). It promotes blockchain and distributed ledgers in regulatory approaches, the IoT ecosystem, and mobility.

Back in 2018, IOTA partnered with Volkswagen, Bosch, and Fujitsu. The three big multinationals started using its Tangle Technology to automate their products and services. In October, IOTA Foundation announced working with the Japanese government. They launched a project that seeks to transform the country’s industrial infrastructure using IOTA systems. Besides, on November 24, IOTA completed a standardization update to assure interoperability between devices and systems that employ IOTA-based software.

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Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.

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Five Most Promising DeFi Projects of End of 2020




The rise of the DeFi sector has brought a lot of new projects to the attention of the crypto community, as DeFi aims to offer decentralized banking services, particularly targeting the unbanked and underbanked. 

The year 2020 has been a great year for cryptocurrencies. Despite the fact that it has been one of the worst years in recent history — one that brought a global pandemic, worldwide protests, and more — it finally allowed crypto to start heading down the real road of recovery.

At the time of writing, Bitcoin’s price sits above $19,000, which is the first time in almost three years that it went up that high. In fact, the coin is currently not far away from its all-time high — only $1k away. With another bullish wave, BTC could bridge that distance within a few hours.

Then, there was the DeFi boom, which finally brought decentralized finance, as well as products and services that the sector has to offer to gain the attention of the wider crypto industry. DeFi skyrocketed this year, and it continues to impress. There are also plenty of new trends, as well as predictions of trends that have yet to come in 2021.

With many new projects rising to new heights, many are interested in discussing which might be considered the most promising coins at the end of 2020, which is what we decided to discuss today.

Top Five Most Promising Projects

Royale (ROYA)

The first on the list is Royale — a cross-chain DeFi protocol that focuses on the iGaming industry. Royale connects DeFi liquidity providers with entrepreneurs seeking to bootstrap their own innovative ideas for iGames and platforms infused with blockchain’s transparency and security. Royale’s unique smart-backed liquidity protocol provides that connection, a combination the team calls iGDeFi.

The native ROYA token is one of those rare versatile cryptocurrencies that can be used for liquidity mining, staking, paying stability fees and opening smart-backed liquidity positions. ROYA certainly has a unique use case in the growing DeFi ecosystem because it gives liquidity providers access to uncorrelated value flows based on the platform’s exposure to iGaming investments.

Royale Finance is a platform that provides the support that smaller iGaming platforms need to compete effectively in a fast-growing market supercharged by extended Covid lockdowns and the like. Newer iGaming offerings can attract new players through the use of Royale’s DeFi-backed bankrolling service as well as a suite of Provably Fair games, all of which are supported by its own community. In one convenient package, Royale is a DeFi yield optimizer and decentralized iGaming aggregator that is secure, immutable, and transparent. Learn more about Royale Finance on the project’s website, Twitter and Telegram.

DeFi Million (DEMI)

Next, we have DeFi Million, which brings a new way of decentralized finance interactions between users. This particular project has over a million users that make up its network. The project also has its token, known as DEMI Token, which is available for purchase on Uniswap and other top exchanges.

The token can then be used for staking, trading, or farming. The project is currently in the middle of a private sale, with a public sale expected to follow next.

The project also has a mobile app, The project shares its DEMI Tokens to their global telegram community, while the token owners can use the coin for staking or trading, and earn more.

HARD Money Market (HARD)

In the third spot, we have HARD Protocol, which is a cross-chain money market that exists on the Kava blockchain. This is a new project which launched only a month ago, in mid-October. However, since then, it has distributed more than $1.05 million worth of rewards.

The project offers a variety of decentralized banking services, including lending and borrowing, which lets users use their existing cryptocurrencies to earn more money. The project is backed by a number of industry giants, including Binance, OKEx, BitMax, and others.

The token holders also have a say in the project’s maintenance and evolution, as it gives them the voting right through which they get to impact the project’s development and future.

Level01 (LVX)

Level01 is another noteworthy project, which offers a platform with AI-guided derivatives trading. It has its token, LVX, which is an ERC-20 token that can be used within the platform’s ecosystem for generating profits through hosting tournaments and trade groups.

The project attracted a lot of attention due to its partnership with Bloomberg, with plans to incorporate Bloomberg Data into its FairSense AI, thus improving the customer experience by

Kava (KAVA)

Lastly, there is Kava — a DeFi lending platform for digital assets that allows users to earn high-yield on their digital assets. Kava offers users to safely store their tokens on the industry’s standard for state-of-the-art security. It also offers the use of a Binance-owned mobile crypto wallet, and it provides institutional-grade support, backed by the most trusted bank in the crypto industry.

The project is backed by many influential businesses, including Binance, Huobi, OKEx, Ripple, Kraken, Cosmos, and others. Its KAVA token is the native governance and staking token of the project’s ecosystem. Furthermore, everyone who owns it has the right to vote, make decisions, and otherwise contribute to the project’s development and future.


With that, we would end our list of top five projects to watch for as 2020 comes to an end. The rise of the DeFi sector has brought a lot of new projects to the attention of the crypto community, as DeFi aims to offer decentralized banking services, particularly targeting the unbanked and underbanked.

DeFi makes itself available to everyone. It allows people to earn money through ways other than trading, which is a perfect way for HODLers to continue to benefit from simply owning crypto. This sector is developing and growing rapidly, and many believe that it is the path that the crypto industry will focus on from here on. With that in mind, projects like these are the ones that should be kept an eye on, as they have great potential to rise to the top and become leaders of this sector of the crypto industry.

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