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Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

Ripple’s xrp wins over yet another trading platform, now it’s tim draper backed coinhako

Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

Photo: coinhako / twitter

Photo: Coinhako / Twitter

Positive news for Ripple community: a list of crypto trading companies set to support XRP has enlarged, as Coinhako, Singapore-based crypto exchange backed by a prominent angel investor Tim Draper, has announced listing the currency on its platform.

Coinhako has also mentioned the XRP pairings that will act as a new gateway. These pairings are with SGD, IDR, and VND.

About Coinhako

Coinhako is a crypto trading firm established in 2013 by Yusho Liu and Gerry Eng (CEO and CTO respectively) and backed by Tim Draper. The company is supported by numerous famous investors and firms, including Tim Draper’s Draper Associates and DFJ, Terrace Yang’s Yang Ventures and Boost VC.

At the beginning of 2018, Coinhako had trading pairs for Bitcoin (BTC) and Ethereum (ETH). Then they decided to add support for Bitcoin Cash(BCH), Ripple (XRP), Litecoin (LTC), Omisego (OMG), Zilliqa (ZIL), the 0x project (ZRX), Kyber Network (KNC), Status (SNT), Golem (GNT), Basic Attention Token (BAT), Storm (STORM), Binance Coin (BNB) and more.

Yusho Liu, CEO and co-founder of Coinhako, commented:

“Our recent additions to the Coinhako platform not only puts us at the top for variety of cryptocurrency and fiat trade pairings, it also showcases our leading infrastructure and technical expertise of the team. With more cryptocurrency listings and service extensions to other Asian countries in the pipeline, we are certain that Coinhako will play a crucial role in improving access into the blockchain ecosystem in the region.”

In January this year, Coinhako announced it had officially become the world’s first trading platform to offer customers with a total of 100 fiat-crypto pairings.

What is more, the exchange supports a total of 25 cryptocurrencies for Singapore, Malaysia, Indonesia, and Vietnam.

Although XRP was mentioned in the list of supported currencies and implemented on the Coinhako platform earlier, it was delayed from the release for technical reasons, and the official support was announced only yesterday.

With adding support for XRP, Coinhako hopes to drive adoption in the Southeast Asia region. Taking into account the increasing user base and popularity of the XRP currency, Coinhako will hopefully achieve its goal.

XRP To Gain Traction

The news is very good for XRP which has recently seen price shoots which resulted from adding XRP to Coinbase’s professional trading platform, Coinbase Pro. Following the announcement, the XRP/fiat pairs will be available across different countries, including the U.S. (except NY), UK, supported European Union member nations, Canada, Singapore, and Australia.  Soon after the announcement, the price of XRP shot by over 10%.

Yoshitaka Kitao, the CEO of the Strategic Business Innovator Group (SBI), believes that by 2025, every bank in Japan will use XRP. Comparing bitcoin and XRP, Kitao said that bitcoin is “still searching for a use case, whereas XRP already has utility as a tool for making faster and cheaper cross border payments.”

At the moment of writing, XRP trades at $0.3055, having a decline of 2.98 percent over the past 24 hours. Its market capitalization makes up $12,656,792,938 as on today.

*To learn more about XRP coin, Ripple company, and their innovative solutions, please check out our awesome guide.

Published at Mon, 04 Mar 2019 09:58:25 +0000

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Why This ICO Will Be Used by Hundreds of Millions of Car Owners

The German police have estimated that approximately every 3rd car has been subject to odometer fraud. Further, they estimate that on an average, the illegal increase of a used car’s value lays around €3000. That means that only in Germany, the yearly losses amount to almost 6 Billion Euros.

In fact, the industry is so problematic, that Forbes mentions a few problems: Odometer fraud still cheats U.S. consumers out of $1 billion annually by exaggerating the value of used cars, and one in every six used cars listed for sale in the United States has been in an accident.

With a soaring trend of buying used cars across the globe, many consumers face an ever-rising issue of buying cars with fake odometer readings or hidden defects. While many current solutions exist, there’s no “one stop shop” solution for vehicle history registry. A buyer may end up using three or four different paid services in order to see the complete history of a car that he is about to purchase.

Consider this: Odometer frauds in second-hand cars poses a massive problem, which affects a considerable number of used cars in Europe — the estimates go as high as 30%, costing European consumers approximately between €5.6 to 9.6 billion per year.

INTRODUCING CARVERTICAL

This is where carVertical steps in: carVertical is a blockchain-based solution that gathers as much information as possible about cars’ history from different sources like centralized country registries, police and INTERPOL databases, insurance, leasing, claims handling service databases, privately owned registries, paid APIs, other sources and puts it into blockchain registry. This company also plans to create an environment where users are providing them the permission to retrieve the data of a vehicle they own.

Any person or company who checks car’s data via carVertical product can be 100% sure that no one manipulated its mileage, all insured accidents are logged and data about the car is as extensive as possible.

At this point, one might ask: what makes carVertical so unique and worth using? Aside from the fact that all data that’s in the blockchain registry cannot be changed, faked, rewritten or manipulated, carVertical will offer public and free car registry to anyone in the used car industry.

Global and trusted vehicle history blockchain registry will enable carVertical to build five products for both B2B and B2C segments and monetize them in a very short time. Starting with 4 European markets in 2018, carVertical is planning to enter 48 markets worldwide in five years.

With very devoted and experienced team and advisors including John Mack (President & CEO of CIE Automotive China) and Steve Chernysh (Vice President of Russian Automobile Dealers Association), carVertical is projected to start generating revenue from its products in July 2018. As for the cash flow analysis, it states that in five years they will hit a revenue of 27,204,000 EUR with EBITDA of 10,524,000 EUR.

First of its kind, carVertical launches an ICO (Initial Coin Offering) on December 26, 2017 to gather funds for upcoming business & product development. Learn more: https://www.carvertical.com/

The post Why This ICO Will Be Used by Hundreds of Millions of Car Owners appeared first on NEWSBTC.

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