Topic: Ripple Is Not A Cryptocurrency? - page 4. (Read 550 times)
This is not an easy question. I've read several opinions of different experts. They say that Ripple’s main aim is to become a “bridge currency” that financial institutions use to settle cross-border payments faster and more cheaply. I agree with this statement
Ripple based on the blockchain. So I don't understand why Ripple is not cryptocurrency. May be Ripple is not completly decentralised, but most of cryptocurrencies are dencentrilised only in theory.
Ripple is trading at $0.48, following the loss of 6% on the daily basis. One expert alerts that Ripple is “not a cryptocurrency” and could skip the regulation that propels Bitcoin & Ethereum on to the better things.
https://coinpedia.org/news/ripple-is-not-cryptocurrency/
Ripple wasn’t designed to be a coin or a normal cryptocurrency by the standard definition. While bitcoin and comparable cryptocurrencies give the value of the coin equal priority with network security, speed, and applicability, Ripple does away with the idea of XRP as any kind of investment asset and instead focuses on making the blockchain as strong as possible. https://coinpedia.org/news/ripple-is-not-cryptocurrency/
Ripple is not a crypto currency in the usual sense of the word. In fact, this is a settlement system designed to become a faster, transparent and safer alternative for existing ones (for example, for the SWIFT system used by banks). XRP - the so-called Ripple coins - are used to facilitate transfers in various currencies. In existing settlement systems, the basis for conversion is usually the US dollar. The process is associated with additional costs and takes a long time - which is why bank transfers between countries often take up to 3 days. Converting payment to XRP instead of dollars, the system saves on stock costs, and transaction processing takes a few seconds.
We are seeing some negative news about ripple lately and seems like some are trying to destroy this altcoin. Well, most of crypto traders don't agree with ripple being a cryptocurrency because it is not decentralized. Ripple transactions are powered through a centralized blockchain and you may also double check that on google. The reason why it stayed on part of the top 5 because it was backed by exceptional partnerships and sponsors.
Ripple is trading at $0.48, following the loss of 6% on the daily basis. One expert alerts that Ripple is “not a cryptocurrency” and could skip the regulation that propels Bitcoin & Ethereum on to the better things.
https://coinpedia.org/news/ripple-is-not-cryptocurrency/
Ripple wasn’t designed to be a coin or a normal cryptocurrency by the standard definition. While bitcoin and comparable cryptocurrencies give the value of the coin equal priority with network security, speed, and applicability, Ripple does away with the idea of XRP as any kind of investment asset and instead focuses on making the blockchain as strong as possible. https://coinpedia.org/news/ripple-is-not-cryptocurrency/
Ripple is trading at $0.48, following the loss of 6% on the daily basis. One expert alerts that Ripple is “not a cryptocurrency” and could skip the regulation that propels Bitcoin & Ethereum on to the better things.
https://coinpedia.org/news/ripple-is-not-cryptocurrency/
https://coinpedia.org/news/ripple-is-not-cryptocurrency/
I think its vary on definition about the Meaning of (Crypto-Currency) Crypto- is from the Word Cryptography and "Currency" is a Monetary Unit! the first Cryptocurrency introduce was "Bitcoin" due to its decentralized nature.The Bitcoin (BTC) was the main reference or example about the nature of cryptocurrency as (Decentralized) But since "Ripple" is not Decentralized and Controlled by Centralized Banking System its often called not a Crypto-currency! But the question is. If ripple works like Bitcoin,and other Altcoins in the same Manner as Cryptography? its also called a Cryptocurrency but not in (Decentralized way) this is just my opinion and im not and Expert regarding this topic.
What are you talking about? Do you truly believe that Ripple is not a cryptocurrency just because some expert states that? The majority of the Ripple investors including me firmly believe that Ripple is a cryptocurrency which has huge potential thanks to its community and real world use cases which is why I am HODLING my stack of Ripple for the long term even though it has fallen in value at the moment. I honestly do not care about the centralization aspect of this coin.
Ripple is trading at $0.48, following the loss of 6% on the daily basis. One expert alerts that Ripple is “not a cryptocurrency” and could skip the regulation that propels Bitcoin & Ethereum on to the better things.
https://coinpedia.org/news/ripple-is-not-cryptocurrency/
I think that not a true cryptocurrency by the standard definition, Ripple may be the dividing line that separates two distinct products to emerge from the cryptocurrency revolution: assets and solutions. https://coinpedia.org/news/ripple-is-not-cryptocurrency/
Ripple is trading at $0.48, following the loss of 6% on the daily basis. One expert alerts that Ripple is “not a cryptocurrency” and could skip the regulation that propels Bitcoin & Ethereum on to the better things.
https://coinpedia.org/news/ripple-is-not-cryptocurrency/
https://coinpedia.org/news/ripple-is-not-cryptocurrency/
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