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How To Buy Ripple
After Bitcoin, XRP is the largest altcoin. Ever since its acceptance, it has continued to grow and is preferred by many international clients worldwide. Why? For starters, its cross-border transactions take less than 5 seconds to be processed. It can be bought directly from a debit or credit card or through an exchange. Due to these reasons, it has bagged and continues to bag adoration from financial institutions such as banks and even the corporate sector looking for newer means of investments. To banks, it also allows easy loan transfers worldwide.
Interested? This guide will go on about how you can buy XRP in detail.
Buy Ripple on Bitstamp
Bitstamp allows users to buy XRP via a saving account or credit card. It also makes it possible to purchase cryptocurrencies and fiat currencies like the USD or EUR. There are three sets of XRP trading offered by Bitstamp. These include:
- XRP/USD
- XRP/BTC
- XRP/EUR
To start using Bitstamp, users need to sign up and create an account.
Buy XRP on Bithumb
It is an ideal location to purchase XRP from. It is the biggest cryptocurrency trading firm in South Korea and among the top 10 largest crypto exchanges worldwide. It is favored by most users because it offers the lowest commission rates globally.
It also requires users to create an account in order to buy XRP. You are requested to fill in your personal details such as your country, email ID and password, etc. You will then be sent an email to validate the account.
Since there is always the risk of cyber-attacks, Bitthumb allows its users to pass a 2-factor Authentication. This additional layer of security makes it difficult for hackers and scammers to access their personal information and account details.
Once the account has been validated, funds can be transferred with ease. First, it will ask you to sign in to your account (level 1). Next, it will ask for your ID and mobile number, Sending ID and 1-PIN ID (level 2). It will then require that you submit a written approval and lastly to authenticate your residence.
Once your account is open, you can start trading. You will have to transfer Bitcoin into your account. Then, click “Exchange” and pick the coin you want to trade. To purchase ripple, go to the trading page and choose XRP from a list of available coins and press “Buy”.
On Kraken
In order to purchase Ripple via Kraken, the user must have an account on the exchange. As one signs in to their account, the website shall send an email on the registered email ID to validate the account. If you wish to deposit funds in the account, you must satisfy the Tier 2 verification requirement. Sometimes, users may have an issue with depositing funds as Kraken may only allow users with Tier 3 requirements fulfilled to transfer funds.
And there you have it. You have successfully learned how to buy ripple (XRP) and start trading.
Best POS Treminals to Integrate Into Business
One way to integrate and popularize usage of cryptocurrencies in everyday transactions in physical stores of small businesses is POS Bitcoin terminals. In this article, we reviewed the top 10 bitcoin terminals that are available on the market for you to consider.
BitXATM
Most experienced traders know BitXATM very well from their ATMs and now the company behind those ATMs are entering POS terminal market. The machines do accept a very wide range of normal currencies and offer almost all coins.
Coinify
The company Coinify creates terminals for the purchase of virtual currency. The terminal accepts not only familiar dollars, but as manufacturers say, it allows you to buy bitcoins for currency from more than 200 countries.
Revel Systems
At Revel Systems POS terminals, you can buy BTC, LTC, and DOGE or exchange them back for cash. They are also known to work with the help of iPads and a scanner. Lately, terminals of the company are becoming more popular in the western part of Europe.
XBTerminal
XBTerminals are the best known for providing many options to make payment, users offered to scan a QR code or with the same terminal pay with NFC or Bluetooth. And it is very helpful for store owners since every paid coin may be instantly converted to fiat money.
BitPay
Many organizations and charities prefer using BitPay terminals for their transactions for its reliability and convenience. BitPay also released API that can be integrated to any other terminal it does work with Quickbooks system as well.
CoinBox
Some store owners may not understand the whole system of cryptocurrencies or basically lack funds to invest in another terminal. For such situations, CoinBox offers a Bitcoin wallet that works the same as many other systems that can accept money transfer as payment like Paypal. CoinBox uses very popular QRcode system for the transaction.
Blockchain Merchant
This option is very like by most store owner for having no commission fee. The main aim of the Blockchain Merchant app is to be user-friendly for beginners.
CoinKite
CoinKite is known for its terminals that are designed in very similar ways as the terminals used in normal stores. The company produces Bitcoin terminals that remind normal credit card terminals. CoinKite has a well-developed system of ATMs, terminals and bitcoin debit cards that made integrating very easy and convenient. Payment is accepted in Bitcoins but can be transferred simultaneously to fiat money.
Coin of Sale
Coin of Sale does have name sounding very similar to Point of Sale (POS) and that is not a coincidence. It is a very young start-up company with innovative technology. Store owners can download the Electrum wallet app and use it for payments. It utilizes the same QR code system as many other terminals.
PayStand
PayStand actually stands out with their 0% commission fee for the store owners for any transaction. The company normally produce credit cards terminals as well as bitcoin terminals.
CoinBase
CoinBase is well known US based cryptocurrency exchange, but the company behind the brand also offers POS bitcoin terminals for business owners. The company generally cooperate with e-commerce sites and provide them software codes that can be integrated into customers web site as well as many website building platforms like WordPress.
Blockchain and its Impact on Food and Farming
Can we track where food comes from?
There are many services and apps that allow its users to track the journey their food made before reaching them.
Whenever we step into a store to buy meat, fruit or vegetables, the packaging usually mentions which nation it came from. Some brands go the extra mile and offer stories about the conditions of the farm or harvesting land where it was cultivated.
This tracking of food is hard and sometimes, even misleading. The challenge is so extensive, it becomes impossible to track where an issue began.
But blockchain can help resolve it.
Food Security has been frightening in the past. There have been many cases such as the fatal E. coli case in Arizona in 2018. The romaine lettuce grown in Arizona killed 5 people with 35 states affected and 200 cases identified.
Moreover, in 2013, we all heard about the horsemeat scandal in Europe. The advertised items were horsemeat and not beef. It was being sold in some of the biggest grocery stores in the continent. When the scandal broke out, the blame games began. The provider blamed their providers and they blamed there’s.
Blockchain will play a key role in reducing food-related scams as consumers will be aware of what they are picking up from the shelves the second they pick it up.
Would that work?
With smart farming solutions –yes!
They will encourage productivity and handle food need. Farmers who are currently utilizing blockchain call it a game changer. Customers know that the food they are consuming ranks high in wellness standards and hygiene. In case there is a problem in production, it can be determined where it started from in less than 30 seconds.
Certified fruits and vegetables will also be made available. Certification using blockchain will ensure that no details get lost in the process and is accompanied by paper validation.
Will food costs affect the process?
With the cost of food rising continuously, many questions if this will really work in the long-run. Of course, it will help in decreasing the food costs. How?
For starters, it will reduce paper-based documentation. It will also eliminate the need for intermediaries. This would result in low transaction fees. A decentralized system will encourage small-sized farms to compete with the best corporations.
Ideas like PavoCoin offer small farmers easy access to financial services. They include smart contracts that allow farmers to pre-sell their crops, take out loans to improve crops quality to quantity and offer consumers with more info about the food they put on their plates.
Will farmers suffer due to low costs?
No, in fact, they will be paid better for the work they do. They will also enjoy guaranteed selling of their crops with a broader market to negotiate their rates.
Conversely, it will also allow big brands to justify why they charge a premium for organically-grown produce. Since consumers will easily track the provenance of the produce, they will feel confident when paying extra for a high-end product.
Final word
Supply chain inadequacies will also be minimized. Merchants and farming organizations will take note of the demand flow and supply accordingly.
Blockchain dealing with food waste and smart contract initiations will guarantee that farmers earn fairly. The government will also have ample resources to control the food wastage and distribute it equally to eradicate hunger and poverty.
What is Monero?
At the moment, Monero can be considered one of the most anonymous cryptocurrencies. At the heart of her work is the CryptoNote protocol. It has also been incorporated into products such as AEON, ByteCoin, DigitalNote. The start of the Monero launch can be considered April 2014 as a fork from ByteCoin or HE! Bitcoin The reason for the beginning of the formation of a new cryptocurrency was that the base currency had already been issued in large quantities and did not represent ample opportunities for investment. Starting the project, the developers placed in the center the safety, reliability, and privacy of all the operations.
It is worth noting that the first year of Monero turned out to be difficult. In September, hackers attempted to crack and completely destroy the cryptocurrency code and resources. However, they suffered a fiasco. The impact was reflected, and the security system was substantially reworked. In addition, it was possible to increase the speed of the network, which provided an additional convenience of work.
Monero – how was it created?
Monero was launched on April 18, 2014, and was originally called BitMonero, combining Bit (as in Bitcoin) and Monero (Moneto as“coin” in Esperanto) in the name Bit.
Unlike many network currencies, which are derivatives of Bitcoin, it is based on a protocol with the blockchain (chain blocks) obfuscation principle. This algorithm is called CryptoNote, and its modular code was highly appreciated by Bitcoin programmers, in particular, Vladimir Van der Laan.
Immediately attacked after launch, Monero recovered from an unusual and new hacker attack. Two years later, discussions appeared in financial forums: “Why is Monero growing … How to start working with Monero’s wallet … Will Monero be able to replace Bitcoin … Where to exchange better … How to invest …” What caused this interest?
Monero Digital Currency Vulnerabilities
Mining Monero, with the use of a graphics processor, is ineffective since the work requires a significant amount of memory approximately 8 times the size required for Bitcoin operations.
The anonymity of transfers to Monero does not yet have a 100% guarantee. Hypothetically, an attacker who managed to capture most of the network could gain control over some transactions.
How to mine Monero?
The CryptoNight Monero algorithm is designed to support viable mining by a computer processor, although at the current stage mining with a video card is the only profitable method.
There is no specialized ASIC hardware for mining. The mining algorithm itself is actively using AES or Randal (Rijndael) – a symmetric block encryption method for microprocessors.
Resources with aggressive advertising, vivid design, and promise of high rewards should be avoided. These “pools” by 110% are HYIPs and have nothing to do with digital mining.
Creating a virtual wallet
A running wallet form will appear in the running program. After entering and confirming the password, the new wallet is synchronized with the blockchain. It is suitable not only for this cryptocurrency but also for testing the program.
Most of its options are similar to other cryptosystem wallets, but there are some differences. So, when you make a payment, a large amount will be removed from the balance, then it will be corrected to the correct values.
You can replenish your wallet by receiving money from other people, exchanging or buying cryptocurrencies on the stock exchange. The address of the wallet can be provided to any person. In secret, you must keep the password to enter the system. It is possible to restore the wallet with the help of a specially created phrase of 24 English words, it must be saved and used, if necessary.
Factors will influence the price of Monero in the future.
List of suppliers of goods and services using Monero for calculations. Remembering that the stunning growth of the cryptocurrency rate in 2016 coincided with its adoption by the AppStore for calculations, such plans of other major electronic players will be a positive signal of Monero’s price changes. Currently, the currency is more used for exchange operations with crypto money.
The advantage over Bitcoin in terms of anonymity must be confirmed by time. The upcoming upgrade in September 2017 may attract new interest in the currency; perhaps, some participants in the e-commerce market are expecting this event. Maximalists, devoted to Bitcoin, expect Monero to be retrained as the father of all cryptocurrencies. Monero developers probably have other ideas.
Even succeeding as an economic tool and retaining competitiveness with Bitcoin, Monero may still not have enough of the existing issue to fully participate in crypto commerce, which would limit its acceptance for calculations.