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Topic: Libra vs XRP - page 6. (Read 6251 times)

member
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Merit: 19
Trident Protocol | Simple «buy-hold-earn» system!
August 01, 2019, 05:25:19 PM
#3
Considering that Facebook's Libra will be an extremely centralized cryptocurrency, it might very well be adopted by financial institutions within the mainstream world. Ripple's XRP also has the same purpose where it could drive mainstream payments in a fast and cheap way, backed by many Banks worldwide. While both Libra and XRP have their similarities (in terms of centralization) they're certainly different by design.

If Libra's launch becomes a success, then XRP's existence may be threatened over the long term. Both cryptocurrencies would battle head-to-head in order to become the top choice of Banks worldwide. Comparing Libra vs XRP, Ripple has all the possibilities of taking the lead because of the many partnerships it has established with Banks worldwide.

Which is why, it makes me wonder whenever Libra will become the currency of the world or XRP? Or will they co-exist in the future? Huh
I think Libra and XRP will coexist, even though there is a fight inside.  Grin This is the same as the USD which is used as the world currency rate, but EUR still has a high value compared to USD.
hero member
Activity: 2184
Merit: 531
August 01, 2019, 05:29:46 PM
#3
Many people were bringing this up that libra is not a threat for BTC because it's centralized and it's meant to be a stable coin. It's more likely to be a threat for USDt and other centralized coins like XRP.

Libra has still a long way to go before it launches and grows beyond XRP's popularity. We'll see if it even launches at all. There's no big scare yet but next year can become scary for some altcoins if FB enters the market.
BQ
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CoinMetro - the future of exchanges
August 01, 2019, 04:17:31 PM
#2
Isn't Libra more of a ecosystem while XRP is for settlement?
XRP will be outclassed anyway as it can't survive on settlement alone.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
August 01, 2019, 04:06:47 PM
#1
Considering that Facebook's Libra will be an extremely centralized cryptocurrency, it might very well be adopted by financial institutions within the mainstream world. Ripple's XRP also has the same purpose where it could drive mainstream payments in a fast and cheap way, backed by many Banks worldwide. While both Libra and XRP have their similarities (in terms of centralization) they're certainly different by design.

If Libra's launch becomes a success, then XRP's existence may be threatened over the long term. Both cryptocurrencies would battle head-to-head in order to become the top choice of Banks worldwide. Comparing Libra vs XRP, Ripple has all the possibilities of taking the lead because of the many partnerships it has established with Banks worldwide.

Which is why, it makes me wonder whenever Libra will become the currency of the world or XRP? Or will they co-exist in the future? Huh
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