Topic: Comparison of Ripple and USD (Read 132 times)
This topic name is strange, but I understand it. The main problem about Ripple is leak of spreading an info about it!
In my opinion, between USD and Ripple, there is no relationship except in the market ... And otherwise the whole crypt refers to the dollar!
How does Ripple acquire support against US Dollars? Your Thoughts Please.
There are banks that already tested Ripple with their system but still no one had an interest of using it. And based on what I understand why banks keeps rejecting Ripple is because banks would just want choose to create or develop their own blockchain based system or create their own cryptocurrency that they can monitor or have a full control rather than trusting a centralized coin with every transaction and security of money of their costumers/clients, and that is what is happening right now, banks are studying on how they can use blockchain to improve their services. The main goal of Ripple is to be the Bitcoin of banks but that's not seem to be working. 
How does Ripple acquire support against US Dollars? Your Thoughts Please.
I see what you asking here! Actually ripple is not getting support for the XRP coin itself against the USD but its the project specialities that banks are getting attracted to. I would say XRP coin is just way so that we can invest into the company and using that money they can develop the project ideas and fund their R&D. Thats all the support they get from the investors.'
Why they getting chosen by the banks is different thing, its all about the services that XRP is able to provide. Hope that clears up some air here.
it is because Ripple is centralized and the company behind it goes around and tries so hard to advertise their product to banks. from a thousand banks they go to, there is bound to be a couple that listen to them and buy what they are selling.
and what they sell is the blockchain technology which Ripple is using not their coin which is XRP. and the banks involvement as you already know is only because of the technology not the coin.
USD is so spreaded and well known that I dont know actually how Ripple can be compared, if I properly understool about what USD you are speaking.
Ripple is one of the asset of crypto market. Currently it is in 3rd position. From the starting it was going well but recently it was decreasing its money as they are not able to fine sufficent customers/investors.
No, they don't acquire support against US dollars. They both stand on different platforms. But some banks, those who want to avoid the delay in transaction and want a faster process, have started to use Ripple recently.
You should recheck your sources as there is no bank at the moment who holds ripple who has any usage in the Ripple Labs network.There are plans to do so in the future, but it's nothing more then just rumors.
About the connection between USD and Ripple, there's no connection actually, and the price of ripple is basically being driven by the correlation of BTC and other altcoins.
This is totally irrelevant. There can be no comparison between ripple and USD. These two are titally two different thing.
How does Ripple acquire support against US Dollars? Your Thoughts Please.
I am confused to answer it, but as far as I know there is not one crypto that is supported by the US dollar, correct me if I am wrong. How does Ripple acquire support against US Dollars? Your Thoughts Please.
I see what you asking here! Actually ripple is not getting support for the XRP coin itself against the USD but its the project specialities that banks are getting attracted to. I would say XRP coin is just way so that we can invest into the company and using that money they can develop the project ideas and fund their R&D. Thats all the support they get from the investors.'
Why they getting chosen by the banks is different thing, its all about the services that XRP is able to provide. Hope that clears up some air here.
I think Ripple is good with dollars. Ripple is doing good now a days. I hope it'll flourish more in the near future.
if compared ripple and dollar have similarities in the issue of price is different from other coin which rose its price price is very significant.
How does Ripple acquire support against US Dollars? Your Thoughts Please.
I think that there is no support there, and all this is an invention from the founders of Ripple
No, they don't acquire support against US dollars. They both stand on different platforms. But some banks, those who want to avoid the delay in transaction and want a faster process, have started to use Ripple recently.
I don't know the connection between XRP and USD.
Because XRP only solves the trust problem between Banks.
Because XRP only solves the trust problem between Banks.
How does Ripple acquire support against US Dollars? Your Thoughts Please.
Jump to: