Populous (PPT) and Monero (XMR) partnerships

Populous (PPT) and Monero (XMR) partnerships

Monero (XMR)̶    March 19, 2018

The 11th largest digital coin by market capitalization, Monero (XMR) begun the day on the right foot gaining 12.86% to sell at 211.86 dollars, a likely consequence of yesterday’s decision by the G20 summit to suspend discussions on regulation of the cryptocurrency market. Traditional fiat currencies are highly influenced by government policies and local events. Digital coins were created to be independent of such factors creating a more stable currency acceptable globally.

Monero has received a lot of interest in Venezuela, a country that is experiencing high inflation rates and china where some term the government as oppressive. Stores in some parts of Venezuela are already accepting Monero (XMR) coins in place of the bolivar in exchange for their products e.g. clothes, vehicle spare parts and many more. A recent post on reddit asked individuals what they had purchased with Monero paints a picture of the coins potential applications to our day to day lives.

The growing interest in Monero as an alternative to the traditional currency is a testament to the growing confidence in the new technology. Monero is built on the CryptoNote blockchain, a platform that provides increased levels of anonymity in transactions. Information on the sender, recipient and even the amount transacted is hidden making it very difficult to trace.

Populous (PPT) is up 10.87% against the dollar since trading begun today. The price seems to have stabilized closing above its opening price 6 times in the last 9 days after dropping almost 50% in the month leading up to today. At a price of 14.87 USD, the token has realized over 429% growth since hitting the market 8 months ago, boosting a market capitalization of 550 million USD and placing it 27th on the coin market cap ranking. This has seen it rank among the 10 most successful coins ever.

The platform is designed primarily for invoice and trade finance, a means for investors to lend to companies that need money for fund their invoices. Its opening to the public a market that has previously been a reserve for institutions and high net worth individuals.

Atomic swap is a technology that allows individuals to trade currency within terms they agree upon without the need for 3rd party verification. It is possible to transact between coins operating on different protocols. The first atomic swap between PPT on the ETH blockchain and BEER on the BTC platform was recently achieved, a development that brings a more secure means for individuals to transact directly without need for an intermediary.

Populous is also on track to release a live beta in May this year, a development that will enable PPT holders to trade live invoices from real companies, an opportunity for investors to lend to companies directly. Investors have the opportunity to bid on invoices as an individual or to contribute to a bid in order to fund a large invoice as a group.

The coin firm has also announced a partnership with fidentiaX for the development of an insurance product for credit advanced through their blockchain a move that is expected to encourage adoption of the coin’s plarform.

Why You Should Pay Attention to Monero (XMR)

Hard Fork with MoneroV Coming in Mid-March