Even though the use case for Ripple and XRP couldn’t be any more obvious, some people still doubt the project. Bitcoin litecoin ethereum ripple and XRP will succeed regardless of what most cryptocurrency users believe.
It is not a cryptocurrency-oriented project by means. Banks will use the technology and digital asset, and they will stay away from Bitcoin a long as they can. That doesn’t make XRP more appealing to speculators, though. They mostly do so for the wrong reasons as well. Ripple and its native digital asset have never positioned themselves as a cryptocurrency. It is not an asset that is designed to be used by consumers.
Ripple is to be used by banks as a solution to pave the way for cheaper cross-border transfers. Ripple and XRP Are Not Going Away From a regulatory point of view, Ripple makes a lot of sense. The same goes for Ethereum, even though it will thrive in its own way. So will Bitcoin, but it will continue to face a ton of opposition all over the world.
However, Ripple and XRP will have an easier time getting partnerships and approval from banks. It is important to note these are the early days of distributed ledger technology. Having banks adopt a solution that is not Bitcoin is not a bad thing. Ripple is perfectly tailored to the financial sector. Cryptocurrency diehards want nothing to do with banks, which is understandable. However, these are the same people who use a bank account to convert Bitcoin and Ethereum to fiat and vice versa. From a speculative point of view, XRP is less than appealing.
Daytrading this digital asset will not get anyone anywhere anytime soon. In fact, they complement each other in areas where it is needed. There is no reason to think these top three assets and currencies can’t succeed together. The blind hate toward something people refuse to understand prevents the entire blockchain-based ecosystem from growing.
The Crypto world needs to band together and quit trash talking! A Peer to Peer electronic cash without middleman without Bank. XRP every time it’s in a run. They are the single biggest determent to XRP price. 4x they’ve frozen and crashed XRP.
If they can’t prevent this from happening in the future, they should be shut down and if they’re responsible, need to be prossicuted. They act like their little legal disclaimer when you log in is a lisence to manipulate the market. Review Want Us To Review Your Crypto Business? To Bitcoin Bitcoin is poised to revolutionize the way individuals and companies do business online. Make sure you don’t get left behind by learning the basics of bitcoin in our bitcoin education center. By continuing, your consent is assumed. Are crypto-investors about to cash in all over again?