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The main competitor of XRP Stellar Lumens should see an increase
adoption thanks to a new fund created by the digital investment group
Greyscale.
Grayscale Investments was founded in 2013 by Digital
Currency Group and has provided investment services in digital currency since then.
The company has created gray scale actions Bitcoin Trust, publicly listed securities
invested exclusively in and deriving value from the price of Bitcoin.
The fund had similar instruments launched for several others
cryptocurrencies, including Bitcoin Cash (BCH), Ethereum (ETH), Ethereum
Classic (ETC), Litecoin (LTC), Horizen (ZEN), Zcash (ZEC) and Ripple & x; r XRP. IS
January 17thth they confirmed that a traditional investment
the vehicle for the Stellar XLM token was added to the grayscale
platform.
Where and how to buy the Ripple XRP token?
Stellar Lumens Trust newly established should improve
general reach and adoption of XLM exposing the large scale grayscale resource
investor network. Michael Sonnenshein, CEO of Grayscale,
he explained that a strong demand for a good in the platform supported by the present
6th the most precious cryptocurrency in the world has led to the creation of
this fund. He expanded further confirming his faith in the real world of Stellar
usability:
"I think the theory is
a sound. An American bank can keep large amounts of currencies in
foreign banks, and being able to carry those balances of foreign currencies
on a balance sheet as working capital is precious. Financial institutions
you will not be required to keep balances anywhere. This will improve
efficiency and focus on budgets for other uses ".
This addition should not go unnoticed by Ripple / XRP
crowd. Ripple and XRP both have a similar product, a network-supported blockchain
payment system capable of transferring value all over the world in an instant and
low-cost mode. The XRP has already received its vote of confidence from Grayscale, like
he also saw an XRP-based trust open on the platform. With this latest addition
a fund based on XLM, two of the world's most popular cross-border cryptographic payments
the solutions will have another battlefield to dictate their differences.
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The writers and authors of CapitanAltcoin may or may not have a personal interest in any of the projects and activities mentioned. None of the contents on CaptainAltcoin is an investment advice, nor does it replace the advice of a certified financial planner.
The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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