ABBC Foundation Deepens Its Lineup of Global Partnerships

ABBC Foundation witnessed huge improvements and continuous development within Q1 2019. Since the official settlement with Alibaba Group, ABBC Foundation established its new R&D facility in the United States to facilitate the soon-to-be-launched Coin Shopping Mall (CSM). In tandem with the launching of the new R&D facility, ABBC is integrating with Amazon, eBay, and other e-commerce platforms through their public APIs.

In a few weeks, the CSM will be open for the public to provide a new way for users to experience e-commerce and online shopping. Within the coming weeks, ABBC will showcase the user-interface of the CSM for end users, and how it differs from existing e-commerce platforms. Alongside ABBC Coin, the shopping mall will accept Bitcoin, Ethereum, and other altcoins (that have yet to be determined) to streamline the user experience for prospective shoppers. Through ABBC’s  Multi-Crypto Wallet, users will experience a more convenient, accessible, and secure online shopping experience. ABBC Coin aims to position itself as one of the primary cryptocurrencies accepted in the e-commerce & online shopping payment space.

ABBC Foundation also secured several partnerships this past quarter. Its partnership with Lunar Digital Assets will strengthen ABBC Foundation’s community engagement initiatives to facilitate user adoption. Additionally, ABBC Foundation cemented partnerships with a stacked lineup of other globally-recognized organizations and institutions in the blockchain, digital finance, and cyber security spaces. These include Deep Dive Technology, The Wall Street Conference, Ubermensch, Beacon, Zombie Soup, Alexander Capital, and Allen & Associates & the Rockefeller Foundation.

Continued Global Expansion

To facilitate its global expansion, the Foundation is actively seeking new members specializing in Marketing, Blockchain Development, IT, and Email Support. Skilled, compassionate, and forward-thinking individuals are welcome to join the ABBC family at its Dubai office.

Currently, ABBC Foundation employs more than 100 individuals across multiple continents. The foundation hopes to recruit 500 more employees within 2019. For future expansion, the Foundation will host additional rounds of recruitment for other branches located in Russia, Korea, and the United States.

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Trading Ripple vs Other Cryptos: Comparison

The cryptocurrency market has recently become crowded, with the leading coin – Bitcoin – having risen nearly 60% from its bottom of $3,147 in December 2018. Many altcoins have exhibited dramatic increases, including Ripple, which is currently the world’s third-largest cryptocurrency.

Ripple is considered a high-potential cryptocurrency, as it has many preeminent functions. So, what are the benefits of investing or trading the XRP? Read on to find out.

What is Ripple?

Built by a team of experienced blockchain developers, Ripple is a peer-to-peer open source payment system that connects banks with banks and other payment providers. It was first introduced in 2012 by OpenCoin, a company operating under the management of Jed McCaleb and Chris Larsen.

The most prominent feature of Ripple is the lightning-fast transaction settlements speed –transactions are processed within only 4 seconds. Thanks to this, the cryptocurrency is highly appreciated and currently used by high profile financial companies, including UniCredit, UBS, RBC, Santander, etc.

Like other payment networks, the Ripple network has its own internal currency: Ripple (XRP). Transactions here are not based on mining protocol, so the only way to own XRP is purchasing on crypto exchanges. Ripple’s total supply is 100 billion XRP.

Similarities and Differences Between Ripple and Bitcoin

Similarities

• Peer-to-peer
• Transactions are irreversible
• Secured with cryptography

Differences

• Bitcoin is minable, while Ripple is not.
• Payment settlement speed of Ripple is much faster than Bitcoin’s
• The total supply of Ripple is 100 billion, while that of Bitcoin is just 21 million
• Ripple can process more than 1,500 transactions per second, while Bitcoin can only process 3 to 6 transactions during the same period.

Advantages of Ripple

1. A Relatively Safe Investment Option

One of the factors making Ripple preferred is that it’s adopted by banks. In the eyes of investors, this is a safe signal to invest (although it doesn’t wipe out all the risk of investment).

Thanks to Ripple’s association with banks, there are more and more financial institutions wanting to embrace this cryptocurrency. This will probably make XRP more stable over time. In addition, when the volatility decreases, it will be less risky to trade the XRP.

2. Cheap Price

At the time of writing, an XRP is worth $0.32, which is much cheaper than the price of a Bitcoin (about $5,000). This helps amateur investors be less confounded when converting their dollars to XRP.

Furthermore, during the periods when the whole crypto market moves up, investors tend to pay more attention to good altcoins with a cheap price like XRP. That may boost the value of this cryptocurrency.

Disadvantages of XRP

The XRP is an ideal coin for investors; however, for traders, it seems not. Stability may cause its price not to fluctuate much; therefore, short-term traders might not find good trading opportunities on this cryptocurrency’s price movement.

Conclusion

In general, Ripple is a high-potential crypto coin, as mentioned at the start. It is very suitable for medium and long-term investors.

There are two ways to invest in the XRP: purchasing on exchanges, or using CFDs (Contract For Differences) with a forex broker. The second way is advantageous because you will have more benefits such as leverage, ease of implementation, and low transaction costs. Additionally, you can make a profit even when the XRP’s price falls.

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China’s Alibaba Group Successfully Seizes “Alibabacoin”

The vast power and potential of the Internet as a medium for trade and business has been utilized through the years. Multiple e-commerce platforms have been developed and is taking advantage of the digital world’s accessibility and efficiency.

Along the lines of this, cryptoindustry has also boomed. With different projects aiming to provide an innovative means of payment, trading, and exchange in an electronic perspective, thousands of digital currencies have emerged in a span of a decade.

Among these cryptocurrencies is Alibabacoin (now generally recognized as ABBC Coin.) The Dubai-based firm behind this creation is the pioneer developer of the facial recognition technology being implemented with blockchain which will be used as a revolutionary payment system for online shopping platforms. 

Upon the successive growth of Alibabacoin in the crypto rankings worldwide, China’s Alibaba Group filed a lawsuit expressing concern of their marketplace in the United States. After almost a year of legal battle in court, ABBC Foundation and Alibaba have finally reached a settlement.

Initially released by Reuter’s, the statement announced that ABBC would no longer affiliate itself with the trademark name “Alibaba” causing them to hand over the rights of “Alibabacoin” to the Chinese conglomerate. This seems like a marketing tactic of these two digital assets to stay on the top of both crypto and e-commerce industries.

The Chinese multinational company’s vision has constantly evolved and kept pace with the technological changes and innovations happening in the cyber space. In a recent interview with Alibaba’s VP, they are now considering the application of blockchain technology in their supply chain, finance, and logistic processes. ABBC Foundation runs a blockchain platform that is ready for combination with other cryptocurrencies and blockchains in the world to facilitate better payment and transaction systems on one platform.

Now this apparently shows that the acquisition of Alibabacoin could bring a surge of new customers and higher profit to the Chinese e-commerce giant’s business. If they succeed in applying this new technology to the e-commerce production, it will result to a positive spin.  

ABBC coin is currently trading in 16 active markets and listed in 10 major exchanges. It also holds a spot among the top 40 in the Coin Market Cap rankings, with a market capitalization of $177 million.

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Choosing the Best Domain Name for a Crytocurrency Related Website

Cryptocurrencies are quickly becoming one of the most sought-after trading and investment instruments. While the concept of Bitcoin was foreign to the average trader only a handful of years ago, recent statistics have shown that up to five percent of all individuals now possess some type of holding within the sector of digital currencies. This very same figure is expected to grow into the foreseeable future. It is for this reason that a handful of astute investors are establishing their own cryptocurrency-related websites in order to promote the industry as well as to turn a handsome side hustle. The first step is selecting an appropriate domain name and this process is actually a bit more complicated than it might initially appear. Let us look at some expert tips as well as why partnering with a reputable e-commerce provider is an excellent choice. 

Common Sense and Syntax 

There is no doubt that cryptocurrencies represent a rather complicated subject. However, this does not dictate that a domain name should be equally confusing. The best website names are those which are easy to remember and that provide a visitor with an overview of what the portal provides. Specificity also plays an important role. Let us examine two fictional examples of domain names associated with the same cryptocurrency firm: 

• http://bit.ly/2SMU4xQ
• www.londonbitcoins.com
  

The first example is rather generic in nature. While there is no doubt that the site is involved with trading digital currencies, what does it specialise in? What audience does it cater to? 

The second domain name is much clearer. Not only does it immediately stress the fact that Bitcoins are the primary interest, but it also has specified a location. This helps visitors to know what is in store and perhaps more importantly, the name will rank higher within a Google search thanks to such a descriptive nature. However, those who wish to buy domain names that can leave a lasting impression have another option at their disposal. 

Leveraging the Tools of the Trade 

It can be tough to find a suitable domain name. The registration process may be even more daunting; particularly for those new to the industry. This is when the power of Shopify comes into play. The entire search and registration is made simple and results can be displayed in a matter of seconds. Assuming that the name has been chosen and confirmed, it is then possible to fashion an entire website without requiring a third-party IT specialist. From cross-channel marketing capabilities to more than 70 payment gateways and unlimited bandwidth, there are no limits in regards to growth or flexibility. 

Marketing your new online store properly is essential to the longevity and scalability of the business. Whether it’s cryptocurrency marketing for a crypto related store or digital marketing in general, choosing the right domain name can significantly improve your chances of success.

The cryptocurrency sector could very prove to overtake the Forex industry in the years to come. This is why those who are able to remain one step ahead of the game should enjoy success in the future. Establishing a well-balanced and informative digital currency website is an excellent place to begin. As a result, the power of modern domain names cannot be denied.

Check out the video below for Ecommerce sales success tips

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How Blockchain Will Influence the Ecommerce Industry

The blockchain technology has revolutionized the financial transactions in the last few years. 2019 is going to be the year when this technology will influence the e-commerce market to a great extent. The fact that every transaction that you do with cryptocurrencies will be recorded and will remain unchanged is something that most of the online business owners are trying to shift to.

There is no doubt that the e-commerce industry has made lives more comfortable for everyone when it comes to shopping. But there are some drawbacks as well in this almost-perfect industry. Problems like data security, supply chain management, payments, satisfied customers, efficient management systems, and satisfied retailers are on the rise. Experts are of the opinion that there can be one solution to these array of problems; and, that is the introduction of blockchain technology. Here’s how this technology will benefit the e-commerce market in the years to come.

1. Faster transactions

When you buy anything online, you have to go through so many steps before the payment confirmation takes place. What if there is a disruption in the internet connectivity when you are making the payment? Neither the order is booked nor do you get the payment back in time. In fact, traditional payment processing systems involve almost 16 steps and an additional 2 to 6% processing fees for the payment. The number of steps is so high because there are numerous parties involved in the process. This not only makes the entire process complicated but increases the risks of a data breach. That is why you will see customers being duped because their credit card details got compromised.

Blockchain technology has the power to stop these issues once and for all. Since this technology is based on a single network, it will eliminate the need for relying on the other intermediaries. It will also increase the transaction speed, provided you have considerably good internet connectivity. Your transaction will hardly take 5 seconds to complete and that’s the beauty of this technology.

2. Secure payments

Blockchain-based currencies are far more secure than any other online payment method. A recent statistics of 2015 shows that there were more than 100 billion transactions with debit and credit cards that valued over $5.72 trillion. The sad part is, almost 31.8 million citizens became victims of credit card fraud. This is the kind of drawback that the traditional payments still have. The confidential information like credit or debit card number, the CVV number, the account password, and similar other information gets compromised and people are losing money left, right, and center.

On the other hand, if blockchain currencies are used to make the same transactions, there is a sense of security. The cryptocurrencies that you will be using are more like cash than anything else. If you have used mobile wallets, you will understand how easy the transaction process is. You don’t have to provide any sensitive data like CVV number or credit card number. Since every wallet will have a unique code generated for the specific user, it becomes next to impossible to become victims of credit card frauds or online banking frauds.

3. Transparent market

There have been many reports against a top-rated online e-commerce website about their failure to offer transparency in their dealings with the merchants. The sudden disruption in the contact between the seller and the consumer and also disabling the merchant’s page without any explanation started a wildfire among the merchants and the consumers.

Transparency has fast become the “watchword” for blockchain based e-commerce platforms. The idea is to facilitate the online transactions between the seller and the buyer in a transparent manner so that the buyer can know what exactly he/she is paying for. Some of the leaders in the industry have already opted for this technology so that their dealings with the customers are more satisfactory from both ends.

4. Improved order fulfillment

The best part of blockchains influencing the e-commerce platforms is that every block is linked to the previous block. This helps to create a chain of blocks that are not only secure but also transparent. So, when you add an item to your cart and proceed to check out, you have to provide some of the shipping details. Due to the presence of the blockchain technology, it will generate a block that is already secured. Again, when you make the payment, your payment information is generated in another block. This block is linked to the previous one. Finally, when the seller receives these two blocks, he/she will ship the order and a third block will be generated that the order was fulfilled and shipped. This creates a more secure order fulfillment that is much better than the traditional format.

Blockchain will have a massive influence on the e-commerce market in the years to come. It is time to see what other features are added to make the platform a better place for both buyers and sellers.

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MGO Set For a Positive Uptrend as Game Devs Favor it as a Currency of Choice.

Over the course of the last few weeks, game developers and publishers that utilize the Xsolla platform have begun to rely more and more on withdrawing the profits that they make directly in MobileGo (MGO) tokens rather than in fiat. It’s important to note that Xsolla supports multiple assets and payment systems. So, why the sudden rise in MGO’s popularity among game developers and publishers that utilize the Xsolla platform?

Where the action is taking place.

Before we dive deeper into MGO’s rise in popularity, it’s worth looking into what Xsolla is and what makes it unique. Xsolla started out more than a decade ago as a platform that allowed players to acquire in-game items using fiat currencies. Over the course of its existence, Xsolla has grown to become a powerhouse in the gaming industry. The platform currently has a turnover of close to $100 million per month, accommodates half a billion users from over 200 countries, granting them access to over 500 games and 100 different currencies, alongside MGO, which can be taken advantage of through 700 payment systems, and processes over 40 million transactions on a yearly basis. In essence, Xsolla is a gaming industry company which provides game publisher and devs access to billing, payment, game distribution, and marketing tools.

While the platform supports MGO and over 100 other currencies that can be utilized via it’s 700 various payment providers, withdrawals from the platform are only allowed to be carried out in two currencies, fiat or MGO tokens. With the latter seeing growing popularity when it comes to cashing out earned funds. Which spells awesome news for the MobileGo project and demonstrates rising demand for MGO tokens.

Who’s using MGO today?

Currently, over a dozen different teams are actively converting and cashing out their profits through the use of MobileGo tokens via the Xsolla platform. So far, the volume of MGO being moved comes close to a quarter million dollars on a regular basis. It’s expected that more teams will come to favor operations involving MGO tokens opposed to fiat as MobileGo’s popularity and global awareness rise. Thus, it’s quite likely that MGO will account for close to 30% of Xsolla’s monthly volume in the very near future. As mentioned previously, Xsollas monthly turnover inches close to a whopping $100 million.

Let’s dive into further detail as to why teams and game devs prefer MGO over other options.

 

Why MGO is the currency of choice for game devs.

Generally, when it comes to fiat currencies, it takes game developers and producers quite a bit of time to actually receive the money that they earned through their hard work. It’s not at all uncommon for this process to drag out and take weeks or even months on end. In addition to the occasionally huge time frames, it’s necessary to take into account that contractors, salaries, and equipment need to be paid off as well. Add the hefty transactional fees and commissions that accompany all fiat based operations on top of the waiting game and you’ve got game developers walking away with way less than what they earned and deserve.

In contrast, utilizing MGO for payouts is way faster, cost-efficient, secure, and simple in comparison to other commonly used payment methods. Once funds are received, the withdrawal process is as easy as making a few mouse clicks, requires little tech know-how and you’ve got your funds in no more than 20 minutes. The best part? No pesky fees and commissions. MGO tokens can be sent to most cryptocurrency wallets that support Ethereum based assets. However, many prefer to withdraw MGO directly to crypto exchanges, primarily to behemoths Bitforex and Bitfinex.

Once the MGO tokens are withdrawn, users are in full control over their assets. They can convert them into popular cryptocurrencies such as Ethereum, Bitcoin, USDT on exchanges that support MGO tokens or swap them directly for fiat currencies.

 

What the future holds for MGO.

Over the course of the last year, MGO tokens have been gaining traction and seeing increased popularity on from game devs and cryptocurrency enthusiasts. The tokens volume has been steadily rising alongside the projects overall market capitalization ($25 million as of the time of this writing), and the currency is being relied on more and more on a daily basis by developers the world over.

This undeniably sets a precedent and paints a bright future for both the MGO and Xsolla ecosystems. As the token comes to see increasingly more demand from game devs for taking hold of their profits, it’s expected that the tokens price will continue to rise. The value that MGO tokens currently hold is built on actual money flow, use cases, and real-world applications within the thriving gaming industry, which together with MGO continues to gain momentum and expand in popularity and worth on a daily basis.

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MGO Tokens: What was done in 2018 and what to expect from 2019. Filip Dimitrijevic speaks about plans, exchanges and partnerships

In the falling cryptocurrency market conditions MGO seems not only to keep but to strengthen its positions. What are they planning to do and expecting? To get the answers we met with Filip Dimitrijevic, the product owner of the MobileGo.

 

– Could you tell us about current activities, achievements of 2018 and plans for the future?

 

In the second half of 2018 MobileGo had its renaissance. We established a new team and needed a strong foundation, so we started looking for partnership and strengthening the core. We`ve listed on BitForex, Digifinex, IDAX, Bitfinex, Jaxx, Atomic Wallet, Coinomi and some other big exchanges and wallets, completed the adding of MGO as a payment method in Xsolla, enabling MGO purchases in more than 500 games and releasing the Swap platform in order to have the token on one platform for better utility. We have also completely rebuilt the communities with new social channels, resulting from a split from Gamecredits.

 

– Are there any plans for payment system development?

Well, our next focus right now is to release a payment gateway that will allow users to pay with MGO via Xsolla in a single click (if they have an account on Metamask or My Ether Wallet) and without any fee! Thus we intend to make the paying experience to Xsolla users as quick and as painless as possible – very similar to how you do it with credit cards. In parallel, we are also starting to focus on implementing an easy way to purchase MGO, without a need to register on exchanges.

 

Once we complete this, I believe we will have a strong enough foundation, so that we can start further expanding on the utility of MGO, developing products as well as establishing partnerships that are more gaming related. We have several things in the pipeline, which will be developed in parallel – right now we are researching the best ways how to overcome the technical challenges and discussing the priorities. I cannot say anything specific yet, but what will happen for sure is that we will go in 2 directions – the creation of an open-sourced codebase that can be used by the community to expand our outreach and the expansion of the ecosystem with the new products for both PC and mobile platforms to earn, spend and purchase MGO.

 

All in all, our focus will be on high-quality and secure products, rather than fast-paced, unreliable development.

 

-And what about listings on exchanges?

Some big names are coming – the most recent is Huobi Korea – we are always looking for new listings. Of course, we are happy to listen to the feedback on our community channels – everything that is said there is discussed within our team as well.

 

– I`ve heard about a couple of products that had been released in the end of 2018, can you tell us a little about them and what do you plan in 2019?

 

Yes, this relates towards the creation of the payment gateway that will allow fast payments via Xsolla in their ecosystem. The initial development phase is finished; right now we are in the middle of the integration phase, which shouldn’t take long. I believe it will be released in the end of January.

 

– Ok what about Xsolla? What are the major steps already taken?

Regarding Xsolla, as mentioned, we have integrated MGO the one of the top-prioritized payment methods and have vastly improved the user payment flow as well as developer payout flow. We are definitely not finished and are working on improving it still.

 

– Can you tell us in brief what are the plans for making strong business utility for the token in 2019?

 

Our business development team is always searching for new opportunities; we are currently in the negotiations with several platforms for potential partnerships that will be mutually beneficial. All of them are gaming related in order to keep the utility strong.

 

– Can you compare the token with other respectful tokens, such as XRP and others?

Certainly, every respectable token has a strong utility on the background; we aim to do the same for MGO. So, what Ethereum is regarding current popularity for smart contracts and tokens, and what Ripple is in the world of global payment systems, we want to be the same in the gaming world, the one that everyone else looks upon and strives to become the same or better!

 

– What is your opinion about the falling crypto market and what kind of impact does it have on the token?

Indeed, the market has been seeing nothing short of downsides in 2018, but I wouldn’t call it “failing”, I’d rather go with “evolving”, because there will be a lot of coins in the end that won’t survive this and will need adaptation to the new market and regulations. MobileGo intends to spearhead this evolution, survive and grow stronger than ever. In a short-term we will see some downsides, but in the long term I believe MGO has the great potential, an excellent starting point and a great desire to stride forwards in this process. It has all chances to come out stronger than ever, supporting a reliable and stable ecosystem for gaming on all platforms and devices.

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