Ripple vs. Banks? | Bitcointalksearch.org

encycrypto

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Quote from: korean1999 on March 02, 2019, 02:12:57 PM

Quote from: ?? on ??

Ripple is one of best coin however Bitcoin is the best coin. In some case Ripple is better than the Bitcoin. Hopefully this news doesn't any bother to Ripple.

In all cases, XRP is never better than BTC and XRP is the worst altcoin of all altcoin, but I do not understand why it has grown so strongly and ranked at No. 3 in coinmarket.

It has even succeeded in sustaining that rank. This is the power of banks - they're forcefully trying to make newcomers fool by buying their precious limited decentralized BTC and giving them centralised XRP in return. Banks are trying to make people think that XRP has a good future because they're using it, while they can actually stop using it and launch their own cryptocurrency whenever they want, making your XRP worthless.

pisston

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Quote from: qwerty1337 on March 02, 2019, 02:25:58 PM

Ripple will not be able to replace the created cryptocurrency banks, it will not be able to provide the same speed as that of Ripple, and they will be in demand

The fact is that I generally perceive this project as a bridge between the cryptocurrency market and the banking system. So in any case you can not talk about the confrontation of the banking system and ripples.

qwerty1337

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Ripple will not be able to replace the created cryptocurrency banks, it will not be able to provide the same speed as that of Ripple, and they will be in demand

korean1999

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Quote from: ?? on ??

Ripple is one of best coin however Bitcoin is the best coin. In some case Ripple is better than the Bitcoin. Hopefully this news doesn't any bother to Ripple.

In all cases, XRP is never better than BTC and XRP is the worst altcoin of all altcoin, but I do not understand why it has grown so strongly and ranked at No. 3 in coinmarket.

encycrypto

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Quote from: ronwewee on March 01, 2019, 01:37:16 AM

Quote from: encycrypto on February 15, 2019, 07:39:06 PM

This article is a good read:

https://www.forbes.com/sites/billybambrough/2019/02/15/the-end-of-ripple/

Ripple use case was only to have banks work with it, but now when banks are making their own cryptocurrency, is Ripple in trouble?

I have just figure that out lately, wherein why xrp are coordinating with banks? Is that ironic that a decentralize platform is going back to old school centralized bank with interference.

Ripple isn't decentralized, you may think of it as a centralised blockchain. Ripple thinks that banks aren't bad, and Ripple protocol can help them in payments processing.

ronwewee

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Quote from: encycrypto on February 15, 2019, 07:39:06 PM

This article is a good read:

https://www.forbes.com/sites/billybambrough/2019/02/15/the-end-of-ripple/

Ripple use case was only to have banks work with it, but now when banks are making their own cryptocurrency, is Ripple in trouble?

I have just figure that out lately, wherein why xrp are coordinating with banks? Is that ironic that a decentralize platform is going back to old school centralized bank with interference.

temilade200

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If there is no intended use found for a coin, then it will affect its value. Which means that,its value will plunge.
The essence of creating coins is to find a good use case for them.
If banks are now creating theirs, then the use of ripple will be limited. It's investors will reduce. Thereby, affecting its mass adoption.

NaXxow

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Ripple should negate the term only banks can use their system. crypto is for everyone at the first place. ripple has been in the market for so long that they should know that change is inevitable.

aundroid

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I've been preaching this for over a year. Grin

No bank will ever use xrp.

Osayo

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Quote from: encycrypto on February 15, 2019, 07:39:06 PM

This article is a good read:

https://www.forbes.com/sites/billybambrough/2019/02/15/the-end-of-ripple/

Ripple use case was only to have banks work with it, but now when banks are making their own cryptocurrency, is Ripple in trouble?

If this is true, then it means people are surely going to dump Ripple also considering the fact that big financial corporations like JPMorgan have started created their own cryptocurrencies.

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Quote from: encycrypto on February 27, 2019, 11:46:45 PM

Quote from: tabas on February 27, 2019, 01:40:29 PM

Quote from: encycrypto on February 15, 2019, 07:39:06 PM

but now when banks are making their own cryptocurrency, is Ripple in trouble?

JPM coin? there always been a competition in the market. I'm not tuning in with this kind of clash in the market but Ripple looks still stable although there's an announcement from JP Morgan about their own token. I think Jamie Dimon is the one that gives that idea because he hints that JPM coin will be used in retail soon.

Still stable? I'm talking about the usability and adoption, not the stability. It won't remain stable if slowly the usability vanishes for XRP.

Yes, you are talking about usability and adoption and it won't be like that if its not stable. As I've said, it looks stable for the meanwhile and it's market cap still on good shape together with its daily volume.

LbtalkL

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The question is if this bank launch their own coin/token, Are they going to create their own blockchain from scratch? or They will use a ready made blockchain like Ethereum, EOS and create their own token. If they use Ethereum and there is a clogged on the network it would delay some transactions and given that there are so many using Ethereum. Ripple step up because they have more scalability and high (TPS)Transaction per second compared to other blockchain. However I hate the nature of being Centralized of Ripple as majority says but these are just rumors and they are claiming to be decentralized.

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I don't think Ripple has been a cryptocurrency for a long time. The Ripple team doesn't care about the XRP. Their purpose is to make money only through agreements to be made through Ripple ... So the XRP investor should be very careful.

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Quote from: Vit83 on February 28, 2019, 04:13:44 AM

Another moment I thought. To be honest, very few people will be sending money by xrp or JM token) Most people that xrp waiting just price dump, and buying it just for speculation) With JP stable coin there will no pumps) So XRP still have a chance)

Yes, they have some chances, but what will come after JP? Some new bank making a new stable token? Things are looking great for ripple only by ripple fans, I don`t see ripple have a great future. I think that this headline is wrong, its not ripple vs banks, ripple is making contracts with banks, they one to help them with transactions, who cares about them. I`m turning myself to decentralized cryptocurrencies, for me thats the future.

Vit83

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Another moment I thought. To be honest, very few people will be sending money by xrp or JM token) Most people that xrp waiting just price dump, and buying it just for speculation) With JP stable coin there will no pumps) So XRP still have a chance)

encycrypto

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Quote from: tabas on February 27, 2019, 01:40:29 PM

Quote from: encycrypto on February 15, 2019, 07:39:06 PM

but now when banks are making their own cryptocurrency, is Ripple in trouble?

JPM coin? there always been a competition in the market. I'm not tuning in with this kind of clash in the market but Ripple looks still stable although there's an announcement from JP Morgan about their own token. I think Jamie Dimon is the one that gives that idea because he hints that JPM coin will be used in retail soon.

Still stable? I'm talking about the usability and adoption, not the stability. It won't remain stable if slowly the usability vanishes for XRP.

tabas

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Quote from: encycrypto on February 15, 2019, 07:39:06 PM

but now when banks are making their own cryptocurrency, is Ripple in trouble?

JPM coin? there always been a competition in the market. I'm not tuning in with this kind of clash in the market but Ripple looks still stable although there's an announcement from JP Morgan about their own token. I think Jamie Dimon is the one that gives that idea because he hints that JPM coin will be used in retail soon.

bartolo

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Quote from: styca on February 23, 2019, 01:55:49 PM

I utterly disagree. The JPM coin is hilarious. There is no tech to back it up, there is barely even any need to use blockchain for what they're doing. The old argument gets raised every now and again: 'banks will use the ripple tech but not XRP, they will use their own coin instead' - this doesn't make much sense. XRP is the native coin to the ledger, and the only native coin. Sure a bank could use it's own coin, but why? Where is the competitive advantage?

They don't need to compete with Ripple, they are not offering a new coin for people to buy it or invest in. They are just issuing an internal coin for their internal procedures, the only thing they need from this coin is that it works well for them. Having their coin allows them to control everything and not depend on an external company or an external blockchain that could cause problems at any time.

Vit83

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This was the main question for me. Why banks need XRP? Why they just can't create their own private blockchain. XRP is centralized, nobody wants to entrust the money of their clients to a new company. So IMHO XRP is in trouble. But they can create some innovation that will help them to win this battle.

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Quote from: G2z_Riya on February 26, 2019, 10:50:40 PM

Quote from: apilpirman.bisnis on February 26, 2019, 10:10:47 PM

I got many news about Ripple or XRP coin where coinbase want to listed ripple on their market. Many bank have support and working with Ripple for the future and make ripple become their payment transaction.

Banking community is the key element for the tremendous growth of ripple. Regularly more and more banking community keeps on using the ripple platform. This has led ripple to be permanently listed as the banking coin as it is almost centralized and used on a banking systems.

Therefore it should not Ripple vs Banks.

Ripple can work with bank by giving them a system that is fast, cheap, and transparent, it's called a bankers coin so why would people want to compare it with bank.

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