Wall Street Wakes Up to Crytpo’s

Wall Street Wakes Up to Crytpo’s

Goldman Sachs confirmed this week the firm will soon begin to trade Bitcoin linked investments and Bitcoin itself later this year, as they await regulatory approval for direct bitcoin trades.

This news doesn’t surprise many in the crypto community as the rumor has swirled for quite some time, despite Goldman Sachs CEO Lloyd Blankfein saying last year digital currency is a “vehicle to perpetrate fraud.” Justin Schmidt, new to Goldman Sachs as VP and head of digital asset markets, has been tasked with managing the desk.

Big institutional money moving into the digital currency markets will be a game changer. We believe the first investments will be the coins with the largest volume and best utilitarian potential. Having small stakes in at least a few of the top 9 coins could provide some pretty exciting returns as other large institutional investors move in such as Morgan Stanley.

Here are the top 9 coins by market cap as of today:

Bitcoin, BTC

Ethereum, ETH

Ripple, XRP

Bitcoin Cash, BCH

EOS, EOS

Cardano, ADA

Litecoin, LTC

Stellar Lumens, XLM

IOTA, MIOTA

Two of our favorites are Ripple and Litecoin. We wrote about Ripple and it’s innovative technology saving financial institutions millions annually earlier this year.

Litecoin was created in 2011, forking from Bitcoin, but is much faster. Currently, Litecoin is testing it’s Lightening Network with payments. Bringing faster transactions at a much cheaper cost to the marketplace gives this coin tremendous value potential. Currently LTC is down 47% from it’s December high of $350, and XRP is down 73% from it’s peak of $3.32. This is a fantastic time to get in the game.

Ripple Gives Back; Donates $29 Million to Schools in Need

Ripple Gives Back; Donates $29 Million to Schools in Need

In the biggest crypto donation ever, Ripple has donated $29 Million to fund 35,000 teacher projects in the US. Naturally, the payment was made in XRP and converted to USD to fund the projects which will ultimately help over one million students across the country, with basic classroom supplies to school trips. The donation was done through donorschoose.org, a non-profit that makes it easy to bridge schools and classrooms in need with donors who can help.

Executives of Ripple, the creator of a blockchain system to more efficiently transfer currency globally, XRP, said the donation reflected the gratitude they had for the teachers in their own lives. “We care about giving back to our community and we collectively value the importance of quality education in developing the next generation of leaders,” said Monica Long, SVP of Marketing at Ripple.  “Education is definitely an area we really care about, and you can expect from us further investment there,” she said.

This is the largest donation in the 18 year history of DonorsChooses according to the crowdfunder  for teachers’ projects. “The donation fulfilled 35,647 requests from 28,210 public school teachers in every state. Teachers at 16,561 public schools — or 1 in 6 of all the public schools in America — will receive books, school supplies, technology, field trips, and other resources vital for learning,” they say.

About Ripple

Ripple who we have written about before here provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.

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