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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