RIPPLE vs Bitcoin. What will banks do? - page 2.

Cnut237

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Quote from: TriggerHappyCoin on November 28, 2017, 02:46:31 AM

I was thinking, due to the exploding stock price of bitcoin, what will the banks do with there coin; ripple? In my perspective, they will do verything in there power to get a large piece of the pie. So they have two options:
- manipulate media and price of bitcoin
- drive the price of ripple to the moon.

If you want to make money on ripple, this is the moment.

What do you think?

Banks will use Ripple, not Bitcoin. The only real question is will banks use XRP as well, or just the Ripple tech? Ripple have really been pushing XRP recently, a lot more than they used to. So yes, I think banks will likely use XRP.

wilberthh

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Indonesian Translator, #1 Quality is prioritized.

If the bank finally accepts ripple then I'm sure the price of ripple will booosted hugely. Ripple is a centralized coin (and bank likes it!) unlike bitcoin or others coin, I think 2018 will be the year of Ripple.

CryptoRama

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There will be manipulation and every thing possible just so they'll earm more... the best option is that you have a lot of currencyes, and most in those who you think will prevail... It's very hard to say what'll happen, but the truth is, japan has a lot of money, and we should go where they're going

sunno330

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homt.net

It seems to be the reason that it is called Riski because the price of Bitakayana is now touching the sky is now the sky touches. On the other hand, Ripple's price is just $ 0.28. So it has become a cause for concern.

invest2lose

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clueless idiots that think bitcoin is more decentralized than ripple...haha

frowsiter

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Why would they choose the ripple currency ? Just because it is centralised and have controlling prices. No I didn’t not think so. If they want to keep their stability for the long run then they will simply get the bitcoin as primary way of transacting along with the traditional banking system. All it matters is the use of blockchain and I don’t think ripple will help them in anyway here. Though bitcoin is not controlled currency they don’t need its power in that way, rather they will use its market cap to achieve their targets and harness the power of blockchain. That’s all they wanna achieve in first break through. Acquiring ripple, then making it bigger currency by manipulating would be more costlier for banks rather than just having bitcoin.

reztava

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I prefer bitcoin because I think it's a big assurance that we will earn a big profit if we can afford to invest in bitcoin for now.

jyotianand01

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Ripple and bitcoin have no comparison, bitcoin is controlled only by mining companies and ripple is used by banks and banks give you slow but safe long term gains.

Minor Miner

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Be A Digital Miner

I suppose that banks like Ripple's technology, but not the coin itself. They are interested in private blockchains, but not the public ones. IMO they will avoid ripple as well as BTC.

Mariobtc

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Quote from: modtakels on November 28, 2017, 02:51:11 AM

Quote from: habaratbu on November 28, 2017, 02:49:29 AM

Ripple would be a beast after the banks accepted this coin because it is really made for the banks,between BTC is made to decentralize fiat so why do banks allowed BTC transactions.

I agree with you BTC looks poison for the banks so theres less chance they will accept its transactions on the other hand ripple would be the best bet for the banks if they will accept crypto currency as payment.

Do I understand that you need to keep Ripple in the long term if the banks get into the game and to be there in the first place?

Erreefe

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Quote from: MarioLuck990 on November 28, 2017, 03:19:29 AM

Banks? Bitcoin is already centralized and controlled by few miners. They can easily manipulate prices and change the blocks, BTC is not a good example anymore..

The miners that form all these pools and nodes come together and persuing stability of the currency they are mining. They are not interested on crippling the reputation and the features of BTC. The competition in the mining market do his job and keep the things stable

1kings

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Banks would rather have their blockchain than ride on existing ones. And don't expect it to be decentralised. Banks would be in charge. Central bank and reserve style

xandriel

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I think they will choose both. They will release many services related Bitcoin like Shinhan Bank or they will invest in it such as CME groups,...Besides, they will develop their own altcoins such as Ripple.

TriggerHappyCoin

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Quote from: slovakia on November 28, 2017, 06:44:11 AM

Quote from: MarioLuck990 on November 28, 2017, 03:19:29 AM

Banks? Bitcoin is already centralized and controlled by few miners. They can easily manipulate prices and change the blocks, BTC is not a good example anymore..

+1

Isn’t this the case with al large coins? And if not, will the profit attract the huge players the take up there control also over that coin? I don’t see how this can be prevented when bitcoin mining is not lucratieve for small players.

sylance

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Both Ripple and Bitcoin are considered crypto, but really they're in no way similar. Ripple may be used to transmit currency around the globe, but Bitcoin will (in my opinion) increasingly become a store of value and held for long term gains. So really, I see banks going in two directions: transmitting currencies and investing. Banks will use Ripple or some version of it while they purchase Bitcoin for long term gains. Remember banks use the money we store with them to invest... that's how they make profits. Once new blood comes into banks that aren't fearful of crypto you'll begin to see them holding crypto in their portfolios.

mmo_online_1981

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I think the bank will create another altcoin based on the features of BTC, ETH and other coin. Do not use the available coin for their transactions.

withche.07

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Blockchain with solar energy

They will obviously choose centralized coins like ripple over bitcoin. Banks love control of the money. Bitcoin is decentralized in nature. So they would basically prefer Ripple. They will make it lose value whenever they want.

slovakia

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Quote from: MarioLuck990 on November 28, 2017, 03:19:29 AM

Banks? Bitcoin is already centralized and controlled by few miners. They can easily manipulate prices and change the blocks, BTC is not a good example anymore..

+1

thanhcly920

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riple is a good coin. I think riple will replace bitcoin in future soon. I trust this happen

Capeshifter

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Ripple is completely different than Bitcoin. To start with, Ripple is centralized while Bitcoin is decentralized, so banks obviously will favor Ripple. Bitcoin is more of a threat because it can't really be controlled by anyone. We've see governments trying to regulate the market and they have been unable. What Ripple is doing is that they are actually offering a service and a respective product (XRP), that product can be used by financial instituions and banks to lower their overal transactions costs, so it makes sense for banks to consider that. For Bitcoin that doesn't work, to transfer bitcoin you'll need to pay fees and the system is not nearly as efficient at Ripple's, which means that it will not be favored by banks or anyone else. Ripple is the clear winner.

Topic: RIPPLE vs Bitcoin. What will banks do? - page 2. (Read 1100 times)