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Topic: Ripple vs. Banks? - page 2. (Read 549 times)

member
Activity: 217
Merit: 14
February 26, 2019, 09:50:40 PM
#54
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.
jr. member
Activity: 392
Merit: 1
https://saturn.black
February 26, 2019, 09:47:36 PM
#53
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.
Of course there is a connection, ripple and the bank may cooperate in terms of payment transactions, hopefully in the future it will run smoothly and there will be many supporters
member
Activity: 504
Merit: 10
February 26, 2019, 09:10:47 PM
#52
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.
full member
Activity: 406
Merit: 100
February 26, 2019, 08:55:38 PM
#51
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?
Ripple was on track with its mission to provide fast cross border transaction less transaction fee compared to banks and money changer but not until JPMorgan announce that they would create their own stable coin to be used in blockchain technology  and in my own opinion this really threaten Ripple as both cater same line of business. Hopefully ripple can overcome this odds.
jr. member
Activity: 95
Merit: 1
February 26, 2019, 08:31:54 PM
#50

[/quote]

"Competitive advantage"?!? Where's the competitive advantage of using Ripple, instead of your own blockchain?

Ripple is centralised...
[/quote]

The competitive advantage is that the XRP ledger is very decentralized.  Ripple, the payments company based in SF is centralized.  You are confused.  JPM and any other private bank coin is recreating the same current inneficiencies on a DLT.  JPM doesn't trust HSBC who doesn't trust Citi however they realize that Ripple only controls 5% of the XRP ledger and thats powerful.  Not only is XRP the fastest, cheapest and most scalable asset WITH the necessary liquidity to handle payments at scale but no one is even close.  The team at XLM isn't building the necessary liquidity to run payments through it without massive slippage on exchanges.  Whether you like it or not, 60+ central banks will be issuing their CBDC's over the next 5 years and XRP will the BRIDGE ASSET.  XRP will be the BRIDGE ASSET for fiat and any private bank coins for cross-border payments and will even handle some domestic rails.  Just do your research, real research though and not reading the garbage on the ad based sites.  Dig into temenos, SBI, SAP and R3 and XRP.  You will be blown away by what is happening just behind the scenes.  Read recent publications from the IMF, listen to Christine Lagarde.  Don't blindly listen to others on bitcointalk and think you have it figured out.  Buy XRP and hold for 5 years.  You'll thank me later. 
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
February 26, 2019, 06:52:31 PM
#49
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 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?

"Competitive advantage"?!? Where's the competitive advantage of using Ripple, instead of your own blockchain?

Ripple is centralised...
It's the same as any other blockchain but ripple has the biggest pre-mine coin that's enough to make all of the people in the team being the next rich person. There was no important thing to bet on this one dude. This is a really centralized blockchain and it has no advantage at all.
member
Activity: 280
Merit: 12
February 26, 2019, 06:17:31 PM
#48
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?
Well, few banks will be able to overtake ripple in terms of capitalization and technology , I think ripple is very much working with the banks that few banks will do their cryptocurrency as it is not particularly necessary

From day one ripple has been accused of being a centralized project funded by banks in order to make backdoor entry into the world of crypto currency so that they could try to dominate the market. We will see banks using ripple as a transaction medium soon
sr. member
Activity: 585
Merit: 251
February 26, 2019, 05:14:26 PM
#47
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?

Each bank wants to cut the largest piece of cake for himself, so more cryptocurrencies similar to Ripple will be created. Of course, if there is more competition, then everyone will earn less for himself. Ripple will probably stay a leader for centralised crypto because it appeared first, just like Bitcoin for decentralised crypto.
jr. member
Activity: 406
Merit: 1
February 26, 2019, 05:14:15 PM
#46
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?
Well, few banks will be able to overtake ripple in terms of capitalization and technology , I think ripple is very much working with the banks that few banks will do their cryptocurrency as it is not particularly necessary
full member
Activity: 2086
Merit: 193
February 26, 2019, 05:13:39 PM
#45
This discussion just seems to be never ending but i think we should support ripple in this war as whatever the criticism ripple still is part of crypto community as it is based on the blockchain technology so i will keep supporting ripple.
Despite of many people says that XRP is a centralized coin, i think this is still a better technology compare to the banks and that is why many banks are adopting XRP so they can improve their own technology. XRP will win on this one, especially in the future so if you hold some of XRP it will be more worth it.
member
Activity: 294
Merit: 53
February 24, 2019, 04:50:53 PM
#44
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 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?

"Competitive advantage"?!? Where's the competitive advantage of using Ripple, instead of your own blockchain?

Ripple is centralised...
sr. member
Activity: 476
Merit: 262
EOSABC
February 23, 2019, 04:58:22 PM
#43
Banks are already making their crypto and the first big one is jp Morgan. It will effect xrp and its future if banks make their own crypto. But xrp is only not about a banks coin they have more technology according to their roadmap. And one of them is crap is and they maid their technology. So this kind of Technology is hard to adopt but if a bank want they can make it. But not all the banks in the world make their own technology and if they will make if will take time and xrp then already popular and advanced than those technology maybe. So it will hurt ripple but I think they will make some way to rid over it.
sr. member
Activity: 1078
Merit: 354
February 23, 2019, 12:55:49 PM
#42
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 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?
jr. member
Activity: 209
Merit: 1
Semi-Decentralized Exchange
February 23, 2019, 12:27:28 PM
#41
Ripple is a time-tested product, and its importance in the market is very large, its own banking cryptocurrency will not exceed ripple
sr. member
Activity: 1442
Merit: 265
February 23, 2019, 12:17:40 PM
#40
This discussion just seems to be never ending but i think we should support ripple in this war as whatever the criticism ripple still is part of crypto community as it is based on the blockchain technology so i will keep supporting ripple.
copper member
Activity: 238
Merit: 0
February 23, 2019, 11:12:21 AM
#39
I do not like Ripple as a crypto currency, because I believe that this coin does not belong to this market. But despite all this I would rather prefer to use Ripple for my daily transactions as by doing it via traditional banking system.
member
Activity: 294
Merit: 53
February 23, 2019, 11:08:07 AM
#38
member
Activity: 420
Merit: 10
February 21, 2019, 07:30:31 AM
#37
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?
Well, to gain such popularity other currencies need to try very hard , I think ripple is unlikely to leave the market it has long been used and will be used , I do not see any reason to panic )
full member
Activity: 672
Merit: 100
February 20, 2019, 12:06:27 PM
#36
It's strange that you do not summarize this case, because now I would generalize this case and it seems to me that people should summarize banks with XRP because without them this project simply will not happen.
member
Activity: 294
Merit: 53
February 19, 2019, 05:33:17 PM
#35
ripples have indeed worked with banks a long time ago, but in my opinion after the bank made its own coins this would be very problematic for future ripples.
Because the bank doesn't need ripple again and i should remind you that the bank never interested in use ripple coin and these bankers are only interested in use the ripple protocol and then test it. After the testing goes perfectly and they will create their own protocol.

Wrong. A lot of banks are even already using Ripple! With exception of JP Morgan of course...
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