Topic: Libra vs XRP (Read 6228 times)

Lol, I get your points, it is better to focus and discuss more on projects that we can see physically and know the effect than project that is yet to be born and still facing lot of criticism from the government, but still at that, we cannot over look this proposed project coming from a well-known organization which we can be sure that the project will go ahead and be launched, and since we are at least 60% sure of its launching, I don’t think that there is actually anything bad in discussing it.

I also think the reason why the op chose to compare it with ripple is because they have similar operation based on what the team or developers have stated in their abstract and it is better we discuss it now to know if they will have our full support or not because without our own support, I don’t see Libra coin going anywhere, but I still prefer their own operation to that of ripple because it is still quite independent of government.

Although Ripple has the collaboration of many companies, I think that Libra would turn out to reign supreme upon launch. This is because, Facebook is a well-recognized company within the mainstream world. Not to mention, it has a lot of capital to sustain its global blockchain ledger. This would allow Facebook to form partnerships with renowned companies in order to increase mainstream adoption of the Libra stablecoin.

Despite this, it seems that Libra won't become a reality in the long run due to regulatory pressure from worldwide governments. In this case, Ripple's XRP has already won as it's a centralized cryptocurrency with a lot of partnerships from worldwide banks. Without a direct competitor, Ripple can work with banks in order to transform our economy as we know it. Perhaps in the future, if XRP becomes highly successful, we'll be able to see stablecoins living on the XRP ledger that are issued by mainstream companies and central banks alike. This would be largely possible with XRP than Libra, since after all, Ripple has regulatory approval from worldwide governments.

Nonetheless, time will tell us if Libra will become a reality someday or not. In the meantime, XRP will continue to perform as intended by delivering frictionless payments at a fraction of the cost. If we were to compare both cryptocurrencies, then I'd say that they're likely the same in terms of transaction capacity. This is because their underlying consensus algorithms (as well as their centralized model) allow them to process thousands of TPS with ease. Just my opinion

Libra is a new crypto plan that will work with world banks, while XRP has been running it for several years. I think if XRP increases collaboration with many companies, of course XRP will be superior to Libra. Although Libra is supported by a Facebook company.

yeah i think the presence of libra coins can indeed threaten ripple because both of them are blockchain centralized coins. and both come from a company not based on mining. but the ripple now ranks third in the top coins and already has a large capitalization and trading volume. so in my opinion it's quite difficult for libra to defeat the ripple. and we also do not understand that libra will be released properly next year or not because until now libra continues to be attacked by bad news.

Of course, the aforementioned cryptocurrencies are centralized without a doubt. But being similar, they can compete against each other for supremacy. So far, Ripple (the company) is new to the mainstream world while Facebook has been established for quite some time. It has the experience to move on with anything, unlike Ripple. With an ample user base, and plenty of capital, Facebook's Libra can easily take down Ripple's XRP in an instant. The real deal would be governments and central banks worldwide, since they're afraid that Libra can replace the current economic system. They don't worry much about "XRP", since Ripple company is still small compared to Facebook (which is a social media giant). Facebook has greater capital than Ripple itself, allowing it to build a robust Blockchain system that can withstand the test of time. With this, Facebook's Libra will be capable of achieving greater TPS and than XRP.

Nonetheless, it's no secret that Libra hasn't launched yet. Which means that XRP will still be in the lead of centralized DLT payments for quite some time. The regulatory pressure will make things difficult for Facebook to be able to release its stablecoin to the public. Ripple's XRP will continue to be prominent in the world of finance with its bank partnerships, until Facebook or another mainstream company decides to threaten its existence. Just my opinion

Libra is a currency that is planned to be issued by a well-known company, "Facebook". But many European countries oppose the pros and cons of the Libra project. Finally I heard that Libra will comply with US regulations which also prohibit the realization of this project. If Libra can be realized, then I'm sure Libra will be a tough competitor for other crypto companies including XRP. But right now I'm not sure that Libra will realize this project in 2020. What do you think?

neither one because they are both centralized and your question is exactly similar to asking whether Paypal would become the "currency of the world"!
obviously these centralized monies have their place in the world and it won't change any time soon if ever. but they won't become dominant in the world, ever. there are always better solutions such as fiat and decentralized bitcoin.

if the comparison is only between XRP and LIBRA then obviously Libra is the winner because unlike ripple, facebook isn't a shitty small company running a shady business. although Facebook has its own shadiness but it is a gigantic company with a recognized brand.

I think it's too soon to say Libra will threaten XRP. because XRP has been around since 2013 and has become the dominant coin in the crypto market. already has a large volume of trade and community. while the new Libra will be released, we don't yet know how and what it looks like. even now there is already a lot of negative news about libra. Libra repudiation from European countries and the United States. and some large companies that support now either choose to leave or don't support libra. so I think XRP will stay ahead of Libra.

Since libra been a hot topic here in forum for quite  a long time then it tends to compare in differerent stablecoins to XRP in terms of money transfer. Libra still have many potential to launch despite of back-out of big partnership since some thinks Facebook alone can monitors and make it succeed. But XRP is already one of top coins and been surviving in the volatility of the market so I also think Libra can't outrun XRP just because it is launched, they still need to solve all the disputes they are in now and the future to face XRP.

As for now this vision is still out of sight, as the obstacles that they are facing right now, their partners are pulling out one by one, and their other partners are starting to doubt the project.
If this will continue, the possibility for libra to crash is high. They cant dominate the market if this wont be solve.

Agree, if it is launched, I think Libra Coin can beat the value of the XRP market cap. Support from Facebook certainly affects investor confidence and if it is launched, Libra Coin could dominate online transactions in the future

How come Libra vs Ripple you make discussion, did you get how to buy Libra coin until today without have many information where we can purchase Libra coin, just make discussion price with altcoin have listing on exchange market, you waste your time with Libra without have new update with their coin, maybe team Libra have gone and Libra coin cancel opening or selling to public investor.

When compared to these two coins, I predict Libra is superior, because libra is a stable coin, almost certainly more accepted
globally by the world. Unlike xrp which is not a stable coin so the price is more volatile. Then excess libra compared to xrp
was created as an alternative payment like fiat USD. So you can be sure of the libra's future can be used to make payments
in marketplaces such as amazon, ebay, alibaba and of course it can be used make various daily bill payments. While xrp is not
possible because it is not included as a stable coin. The advantage of xrp is only one compared to libra, which is that as an
asset for trading on exchanges, can get large profits if we invest in xrp.

Ripple primarily focuses on promoting financial institutions to adopt XRP, unlike Facebook that plans to integrate Libra into its popular social networking platforms like WhatsApp or Instagram.
At the present time, if have to compare, the win is in favor of XRP. XRP complies with legal regulations throughout its 6 years of operation, which shows that Ripple is involved with the government at every step. In the meantime, Libra has had a lot of troubles with regulatory agencies.

 im holding xrp right now and i never encountered any problem with it. Libra needs to prove itself in the cryptocurrency first before compared it with xrp lol

That's certainly true, mate. Despite these facts, I believe that Libra might turn to become successful in the long term due to branding recognition (Facebook). After all, Facebook is the world's largest social media conglomerate where most people have heard of it. That mainstream recognition could prove to be beneficial towards Libra itself, as the chances of adopting the cryptocurrency for everyday transactions becomes greater over time. In contrast, XRP's Ripple company is not well known within the mainstream world. It may have gathered a lot of bank partnerships, but it may all come to an end once Libra becomes prominent upon launch. We've seen the most recognized companies of the world backing Libra (like eBay, PayPal, Visa, etc). Libra could gain a competitive advantage over XRP because of its greater support of businesses and corporations worldwide.

Which is why, I believe that it'll be survival of the fittest between both Libra and XRP. Being centralized cryptocurrencies, shows us that they may get the attention they deserve within the financial industry. However, they'll never defeat Bitcoin or other decentralized cryptocurrencies because of the way they're designed. After all, Bitcoin is the one cryptocurrency which started the crypto craze. Companies, businesses, central banks, and governments worldwide began interested into Bitcoin's blockchain technology after its inception. In the end, no matter how hard these centralized cryptocurrencies try (Libra and XRP), they'll never become a replacement of established cryptocurrencies like Bitcoin and Ethereum. As time goes by, we'll see how successful Libra and XRP will turn out to be within the mainstream world. Just my thoughts

Can you say if ripple isn't a centralized coin after reading this article
https://www.investopedia.com/news/why-some-claim-ripple-isnt-real-cryptocurrency-0/#targetText=Ripple%20has%20no%20mining%20or,much%20power%20the%20miners%20have.
I hope you can get the main point why ripple is a centralized coin
i will try to quote the important massage from that article
that's more than enough to proves if ripple is centralized.

Am waiting to see libra launch and how the market is going to react to the whole coins and its usage..Dont get me wrong there is a large hype for it but lets see how it circulate and get used first before the XRP going down Lets not forget XRP are still strong in the market with multiple partnerships and they basically know what they are up against

the both of them use blockchain for make transaction, i don't think if Blockchain technology is a centralized and i don't agree if XRP is a centralized if we understand about blockchain mechanism.

i'm not a fan of XRP we can't say XRP is a centralized even many supply XRP are hold by Ripple team, but i can't say if XRP are centralized coin

Both of these coins are centralized and although the financial bodies are partnering with xrp, it doesn't mean Libra will get that support. They all put forward what they want and if facebook can do that, they won't get partnerships. I know facebook's CEO is one guy who like to do things by himself and no partnerships. This may affect him.

The fact and bottom line is that Libra may be widely accepted but it may not be able to compete with bitcoin and the old currencies and even if things are done underground, to make Libra the best coin,  it shall be noted. We all know of how people criticize xrp for the kind of management that goes on with xrp issuance.