Ripple has joined the newly formed Open Payments Coalition, which is launching a new PayID payment system that handles payments using simple functions.

The coalition includes more than forty companies with a user base and more than one hundred million people. The founders of the consortium are companies such as Blockchain.com, Coinme, BTC Markets, Independent Reserve and many others.
To send and receive funds in any currency and through any system, PayID uses a special payment recognition identifier. The speed and ease of the transaction will be as fast and easy as sending a message by email.
This association will enable all companies to access a large number of payment systems with a choice of different currencies, and will also lead to an increase in the number of users. At the same time, the PayID system will provide a complex solution in which all the rules for the activities of FinCEN exchangers and the recommendations of the FATF organization are followed.
Ripple plans to merge PayID with RippleNet, using XRP as an intermediate currency in payment transactions.
Also in June, Ripple began to expand towards Brazil, proposing payments using the ODL (On-Demand Liquidity) system.

The organizer of the ETC Core technology direction, Mr. Stevan Loya, informs about the effective implementation of Hardfork Phoenix into the Ethereum Classic platform.
The new update, launched on block # 10 500 839, has added a number of features to Ethereum Classic, which are possible with Hardfork Istanbul.
During the year, a new update to rdfork became the third update in the Ethereum Classic system. Simultaneously with previous updates such as Agharta, Atlantis, Hardfork Phoenix technology contributes to a closer convergence of the ETH and ETC platforms.
Now in CoinMarketCap, the Ethereum Classic system is placed in the nineteenth position. The value of the asset in the last 24 hours fell by 4.45%, and in dollar terms dropped below seven dollars.
There is also a possibility, according to Vitalik Buterin, of the merger of the two Ethereum 2.0 systems with Ethereum Classic.

Legendary American video game company Atari, in alliance with the Litecoin Foundation, entered into an agreement that aims to create a link between the entertainment system and the crypto currency Litecoin, which ranks seventh in terms of capitalization.
Holders of LTC cryptocurrency (Litecoin) will be able to buy Atari tokens, with the help of which it will be possible to regulate and track the digital balance of some assets in the ecological system of games, as well as to conduct calculations and Atari games in casinos. Next, Atari plans to use Litecoin cryptocurrency directly.
 
Atari plans to release the VCS game console shortly, which can be purchased by the Litecoin merger at a bargain price.
Charlie Lee, the creator of the Litecoin cryptocurrency, admits that it was Ataris computer games, which he was fond of as a child, that influenced his choice of the profession of a software engineer.
Even earlier, Atari developed several computer games using blockchain technology.

Investor Tim Draper is actively withdrawing funds from the stock market and investing in cryptocurrency. The businessman said in an interview that he invested the lions share of his fortune in bitcoin. Draper explains that he believes in the first cryptocurrency. The investor assures that bitcoin is much better than conventional currency. People are moving on to things that are easier and better.

Also, Tim focused on the other currency in which he invested. Tezos (XTZ) has grown several times compared to last year. Tim says the stock became volatile, so he pulled the funds out of the stock market. Draper notes that income from investments in the insurance and banking sectors may decline. Tim stated that cash is more likely to be used for criminal activity than digital coins.

The Berkshire Hathaway leader assures that cryptocurrencies have no value and no future. Tim Draper believed in Bitcoin back in 2011. The entrepreneur is convinced that the cryptocurrency value of the coin will soar to a record high by 2023. In his opinion, the price of one coin will reach $ 250,000. The investor is confident that soon fiat money will be more popular than cryptocurrencies. The optimist bought a million tokens (ANT), becoming owners of almost three percent of the coins turnover.

The Ripple startup donated 11.3 million to the MoneyGram transfer service. This happened in the second half of last year. The news was reported to CoinDesk as part of its reporting on exchanges and bonds. The money came in the form of several transactions that took place in the third and fourth quarters. MoneyGram became the first service to use the blockchain function. The company is actively expanding its partnership with Ripple.

The document does not explain the direction of the funds received. The third quarter report announces the engagement of the On-Demand Liquidity solution. The service is used to make international payments. The companys expectations are associated with large partnerships and generating funds for profit. The end of last year was marked by the operation of ODL on the XRP token. Alex Holmes clarifies that the service handles translations from the United States and Mexico. The head of the Ripple company admitted that the lions share of the profit comes from the sale of XRP cryptocurrency. The head notes that without the sale of digital coins, the company would not have had a positive turnover. A major deal between the two companies was completed successfully. The California-based startup now owns 9% of the service. The agreement between the companies is valid until 2023.

Justin Sun, founder of TRON, spoke about cryptocurrency savings. The entrepreneur made his own prediction of the fate of bitcoin and its value. Sun told CNN about the assets in his portfolio. According to Justin, he piously trusts cryptocurrency, therefore, all his funds are transferred to digital money. The man transforms them into fiat only for daily purchases. Sun has a lot of XRP and Ethereum. The entrepreneur believes in the success of digital currency and wishes success to all coin holders. He predicts an unprecedented rise in the value of bitcoin in the future. According to Justin, Bitcoins price tag will hit $ 100,000 by 2025. He predicts that most cryptocurrency businesses will bottom out over time, as well as the growth of the DApp ecosystem and the widespread use of the Lighthning Network. And this will lead to the fact that many people will be able to try their hand at the cryptocurrency market.

The TRON blockchain could replace the major Android and IOS operating systems, providing the user with a better level of privacy. One bitcoin costs $ 3869, adding to the price. Traders argue over whether the digital currency market has reached its maximum or not. So far no one has managed to come to a common opinion.

Chinas Information Technology Development Center has once again surprised with the sixteenth ranking of digital currencies. First place went to EOS. Bitcoin did not make it into the top ten. The second step was taken by Tron, ahead of the project of competitors Ethereum. Tron users have already exceeded 20 million. Lisk topped the fourth place, while the Steemit platform took the fifth place. Recently, they announced a move to the Tron blockchain. The migration process starts immediately. Such measures have been taken as part of a partnership. The Tron Foundation has officially announced that it has not invested in Steemi. This company voluntarily ditched its blockchain. The joint accelerator will develop Steemit. This project needs support. Only Tron can help in the scale necessary for development. In the last ranking, Bitcoin broke into the top ten cryptocurrencies. Now the currency is in 11th place.

Bitcoin Cash, which was born out of the Bitcoin split, moved up from 27th to 34th place. BCH kept their main competitors behind. Tezos was relatively stable, but fell seven places. The rating evaluated all projects according to the following parameters: basic technology, creativity, and applicability.

One of the largest providers of services that are provided in the field of secure storage of cryptocurrencies is BitGo. After the signed agreement with the Litecoin Foundation, it was decided that cooperation with it will be carried out. There is no publicly available information about the details and features of this agreement, the details were not disclosed by the companies. But in the official account of the corporation on Twitter, a corresponding entry was still published to notify users of the innovations introduced.

It has been suggested by numerous regular publications that although BitGo will provide services to Litecoin owners, it is likely that this will have nothing to do with ordinary users.

It should be noted that in September of the previous year, 2019, the Litecoin Foundation entered into a partnership agreement with CelsiusNetwork, which was chosen to carry out asset management of the enterprise. Based on the information available, the Litecoin Foundation has recently had financial problems and difficulties. One of the negative factors was the announcement of the free distribution of Litecoins on the YouTube channel. The company managed to prove that this channel is fraudulent and its purpose is to steal users altcoins. In order to make their account look believable, the attackers posted the same type of video recordings of the enterprise conference on it. The announcement was a record indicating a completely free distribution of 100 thousand litecoins. It was also noted there that in the case of transferring from 10 litecoins to the specified account, this reward can be increased tenfold. The cybercriminals activities somewhat undermined the reputation of a successful company.

Prospects and benefits

Despite all the negative aspects, the company was quite active. Despite difficulties, the company in August bought a 10% stake in WEG Bank AG, located in Germany. In addition, the corporation became a sponsor of a title fight at a mixed martial arts tournament. Also important is the fact that the value of Litecoin is quite stable, the cryptocurrency holds the seventh place in the rating by capitalization, which is a pretty good indicator. The Litecoin blockchain allows users to exchange money absolutely confidentially and as securely as possible.

Experts predict excellent prospects for Litecoin:

the system is multifunctional, its reliability has been proven over the years;
fast and private transactions make the company trusted by users;
due to deflation, the price of Litecoin rises.
This peer-to-peer Internet currency makes it possible to make payments with almost zero commission to people located anywhere in the world. The central authorities have nothing to do with the management of the decentralized payment network, which is an undoubted advantage for users. This altcoin has more advantages than disadvantages. Therefore, despite the fact that today more and more new projects appear on the cryptocurrency market, many people want to buy Litecoin, because the price is relatively stable, and the currency is among the top ten in terms of capitalization. Today you can buy Litecoin for $ 48.8.