There has been a good bit of talk lately about XRP and all the wonderful things it can do along with its so called partnerships with banks.
So would XRP or Ripple ever overtake Bitcoin?
My short answer NO
Why ?
1- Banks Dont Like Bitcoin OR Ripple
Simply put XRP is a single company a single fail point and a single entity. Why in the world would a bank just hand that over to a single company? The answer is that It wouldn't if anything they would come up with their own blockchain and simply just use and siphon off XRP to learn how to use it to their own advantage. No bank is ever going to give its power up to a single outside company its just stupid and makes no business sense at all.
2- Supply and Demand
XRP is already all mined and guess who has control of it and how much it releases? The XRP Company kind of sounds like a government printing money to me. How is Ripple any better then the governments that jacked everything up and why Bitcoin was invented in the first place.
3- Fees
Yes XRP fees are lower but its still working off of POW systems which are very outdated again still no better then bitcoin! While the fees are lower it also is the case that really not that many transactions are taking place on XRP at the moment.
What are you thoughts on XRP Ripple ?
Bin kein Freund von XRP😢
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XRP is a ponzi scheme token that even the creators have distanced themselves from.
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I have also heard that the banks are looking to use the Ripple platform rather than the cryptocurrency itself so I don’t see the demand prospects enough to overtake bitcoin.
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I really don't see this happening anytime soon. Sure everything is possible in cryptos but Bitcoin will mentain it's number 1 spot for a long time in my opinion.
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If it does, I’ll leave the crypto game for ever 😂
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I'm more of a friend of Stellar Lumen.
But I have to admit that I own only very small amounts of both.
Currently it will show which is used and which not. Guess the market will bleed for the first time.
I hope not but I do not see much in the near future which could lead to a nuisance.
Very good article :-)
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*XRP Is The Future
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*Once In Lifetime Opportunity
*You Will Not Forget This
*Do Your Own Deep Research Before Invest Anything In Something
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not gonna happen even though they have this 99% off trading fee, still xrp is falling down with btc!
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Choose Nexty? it has created a means to support business of all sizes and scope to overcome the barrier of trading and to make the future
possible by offering an instant transfer, zero transaction fees and price stabilization system. #blockchain #eth
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I saw XRP having a trading fee discount on an exchange they are listed. and it says thay 99% of it will be discounted.
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can they? i know xrp is good and theyre gonna do something big but is it enough? i know they do good stuff like free trading things etc like this https://news.kucoin.com/en/xrp-xrp-gets-listed-on-kucoin/ but is it possible to pass btc?
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Nexty promised to be the ultimate solution to the myriads of challenges bedeviling daily transaction.
And the start-ups themselves would create the ecosystem for #Nexty #blockchain #eth
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