Fintech Wave

crossborderpayments

by Ken Carabello

There are companies out there that offer a free payID when you sign up for their wallet service. And while “Free” is usually a good thing, what many people don't realize is, although the payID is free, it does not offer much flexibility. Contrast this with a PayID.cloud subscription, and you will see why you might want to buy PayID.cloud. The service allows you to make 2 payID's, that you can link to any XRP wallets you choose.

When you receive XRP at a wallet attached to a free payID, that wallet is not tied to and exchange. The free payID is tied exclusively to the wallet app. Therefore, should you wish to liquidate all or any portion of the XRP that you receive, you would first have to perform another crypto transaction by sending the XRP to a wallet that is on an exchange (ie. Coinbase, Kraken, or Uphold). Only then will you be able to liquidate. Free payID's are tied to their apps. These apps are NOT crypto exchanges. And they automatically link the payID to your account wallet. You have no choice.

https://www.youtube.com/watch?v=_mchn58NOmE

This is where the value of PayID.cloud shines. With a PayID.cloud subscription, you create your own payID's, and attach them to ANY XRP wallet you choose. This is especially helpful if you want the ability to liquidate your XRP receipts quickly and easily.

You simply create a payID that you link to an exchange-based XRP wallet, check it on payidvalidator.com to make sure you wallet address and destination Tag are correct, and then send a test transaction as a final verification measure.

Once you see the test transaction goes through, your payID is useable. And you never have to worry about an incorrect entry with the wallet address or destination tag. These factors have a huge impact on speed, agility, and mobility where transacting in crypto is concerned.

A free payID requires second crypto transaction in order to liquidate. That is a hassle at best. And it also creates an opportunity for you to make a mistake and lose your crypto. Whereas, a PayID.cloud allows you to attach the payID top an exchange-based wallet, and liquidate on the fly. That is something to seriously consider when you want to be paid cryptocurrency.

https://www.youtube.com/watch?v=bnVWy5lHruU&t=12s

If you want to be in control of the wallet to which your payID is attached, AND have the ability to liquidate smoothly in one step, PayID.cloud is the way to go!

https://www.youtube.com/watch?v=9nJBsI2ds7Y&t=1099s

#payid #xrp #crossborderpayments #mobilepayments #fastpayments #globalpayments #globalremittance #crypto #cryptocurrency #blockchain

by Ken Carabello

Have you noticed that ever since Ripple (and their token, XRP) started cooperating with Big Banks and Governments all over the world, the establishment's view on cryptocurrency has changed?

No other company or coin has been able to sway the mood toward cryptocurrency / blockchain transactions like Ripple.

The song that the naysayers sing is all about 'Ripple basically selling out or lying down'. But think about it, no matter how loud you sing that song, NOTHING is going to happen with crypto en masse, unless “the powers that be” are comfortable that their position is not threatened.

Sure. You could argue that sans a regulatory environment, crypto users have more privacy. That may be the case. However, in such an environment, crypto will never gain mass adoption. And it will remain a platform for techies only. Big Banks (and Warren Buffet) have a loud voice. When they say “Rat Poison”, you and I may shake our heads. But the reality however, is that the vast majority of people (the masses) will take their word for it. Especially seniors and those soon to retire, who often have an old-school mindset to begin with. So by taking on the challenge of trying to help governments and banks strike an effective balance between regulation and utility (peoples willingness to use crypto), Ripple is actually doing the crypto community a huge favor.

Without a regulatory framework in place – one that can be agreed upon by governments and financial institutions worldwide, neither cryptocurrency as a whole, nor XRP in specific will see the type of adoption necessary to cause a mass adoption effect that will make cryptocurrency a ubiquitous concept. Short version: No ubiquity, no price increase.

So if you want to see the price of XRP go to the moon, then you should be in favor of regulation. And you should also know that whether you are in favor of crypto regulation or not, the simple fact of the matter is, it will happen. In fact it is already underway. And you should be making preparations to have your crypto properly situated when regulations are finally in place. Translation: Get a Nano Ledger, and transfer your crypto off of exchanges NOW!

Lastly, the part Ripple is playing to make cryptocurrency regulations equitable for both sides – the Establishment and the Masses, is more than significant. It's everything. Who else is doing what they're doing?! Shout to Ripple and especially Ripple CEO, Brad Garlinghouse. Thanks for all your hard work!

#xrp #ripple #cryptocurrency #regulations #crossborderpayments #ondemandliquidity #mobilepayments

#blockchain #comingsoon #oneworldcurrency #bridgecurrency

#kenomega #digitalproducer #helicopterpilot #op-ed