What would it take for XRP to become widely used as a payment method?

NotATether

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Quote from: Lagduf on January 22, 2020, 11:06:13 AM

Quote from: mrdeposit on January 21, 2020, 05:12:39 AM

The truth is this:

not this:

I just hope that OP will see the truth that is happening right now if even the partnership who will use xrapid didn't even interested to use ripple as a payment system. Honestly, i like your picture. That looks very nice and matched with the fact that happened in our real life.

OK you convinced me.

Ripple even changed the name of xRapid and all its other products to something else. Also I just realized that I can't even visit their website without a proxy. How could they block entire countries from using their altcoin?

shoreno

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Quote from: isaac_clarke22 on January 22, 2020, 12:49:22 PM

Never saw a lot of XRP getting accepted here in my country and I even doubt that it will be adopted here for the next 10 years due to Bitcoin's slow adoption to merchants here.
On the other side, I researched some establishments or online services that accept XRP payments. I still don't have any experience with these service though.
Site: https://cryptwerk.com/pay-with/xrp/

on your country yes because you said the adoption of bitcoin was also slow but to some country that bitcoin is fast growing , they also start to add other cryptos including xrp . on the online world i see many platforms already accepted xrp as one of the payment option . xrp was i think faster than btc and stable a little bit which makes it good for paying . xrp does not need to make a make over or tweaks because xrp is already fine on what it have right now .

isaac_clarke22

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Never saw a lot of XRP getting accepted here in my country and I even doubt that it will be adopted here for the next 10 years due to Bitcoin's slow adoption to merchants here.
On the other side, I researched some establishments or online services that accept XRP payments. I still don't have any experience with these service though.
Site: https://cryptwerk.com/pay-with/xrp/

Marble777

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well maybe in the future XRP companies can overcome their cost problems, now XRP is developing well because many companies use this centralized coin for transaction services. But if pegged at a price like other crypto, then XRP will not be able to, companies that use XRP because these coins are centralized and cheap to conduct transactions.

GideonGono

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Quote from: Lagduf on January 22, 2020, 11:06:13 AM

Quote from: mrdeposit on January 21, 2020, 05:12:39 AM

The truth is this:

not this:

I just hope that OP will see the truth that is happening right now if even the partnership who will use xrapid didn't even interested to use ripple as a payment system. Honestly, i like your picture. That looks very nice and matched with the fact that happened in our real life.

Actually because they still believe in bitcoin or I can say that Bitcoin has a future for currency and not the altcoins but we can use altcoin as an alternative use of payment soon. We can see what the contribution of ripple by also the reducing fee and it is too good that we cant lose a huge money than using bitcoin. We are not sure for the future of ripple but for bitcoin, we can.

Lagduf

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Quote from: mrdeposit on January 21, 2020, 05:12:39 AM

The truth is this:

not this:

I just hope that OP will see the truth that is happening right now if even the partnership who will use xrapid didn't even interested to use ripple as a payment system. Honestly, i like your picture. That looks very nice and matched with the fact that happened in our real life.

Samayuki

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Ripple already got what it takes to become widely used as means of payment because it's centralized, on January 21 the news about Tranglo (Alipay partner) integrating ripple cross border payment technology already surface on the web, it's only a matter of time, slowly but surely

Railai

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Lower their tresholds. 20 XRP is way too much, at a moment it can cost a lot just to use it. Crypto should be free for being used.

A more use of it will also help in burning more XRP. Anyway if you look at denomynations BTC vs XRP, xrp goes way better total supply denomynated vs btc.

I am a XRP fan, I hope they will break the 10$ at a future point soon

nicster551

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Quote from: NotATether on January 21, 2020, 03:53:19 AM

XRP has a better chance of going mainstream than larger coins such as BTC or ETH, because it is maintained by a centralized company and people usually look for a company that can provide support for it.

I'm looking to see how stores would be able to put a "Pay with XRP" button on their websites just like Paypal.

XRP is not worth a lot of money so most things will be priced in units of XRP which is another advantage that larger coins do not have.

How about refunds? Most people want or need to make refunds on their purchases so would there be a way for Ripple to bear the loss of that and issue those?

That is true that XRP is very centralized in every way and that was the reason I didn't hold XRP for too long. This is blockchain man, decentralization must be the first to take place. The main reason why people dont want centralized coins is that it have a high probability of being greedy team members. I must say bitcoin will be the highest chance to become mainstream in the future, they have all what it takes and take note that they have the best developers in the space working hard to fix the flaws the bitcoin chain have.

Obito

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Quote from: LbtalkL on January 21, 2020, 05:05:13 AM

I think XRP needs a solid partnership maybe a high profile and reputation company or directly endorse by the government, this coin will fly. But the question is, will that happen? The rumors about XRP being centralized I don't think government will partner with them but who knows. I tested and been using XRP across exchanges and wallets, it is really fast and cheap, good for arbitration its TPS is faster than bitcoin and ETH.

I do think that it is possible at some point. However if it would be ever getting a chance of getting allowed to be partnered with the government then their will be a wide to others. Creating to have some similar features to XRP and filling up the shortcomings it had. But the catch is that, if it is possible then why it haven't done before? Maybe there are doubts out there.

nicolas1979

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When include " Pay with XRP " of course refunds can done using XRP or currency. Complete system will set for all activity. XRP have potential opportunity to adopt and this is good news for us, the problem is only about extensive introduction and regulation. With out that people will keep away from XRP and will choose currency for economic activity, that's bad.

NotATether

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Quote from: JCviggen on January 21, 2020, 03:25:07 PM

a coin with such high volatility can never be used by private businesses as payment. we all understood a long time ago that the price is constantly being manipulated and as a rule, these manipulations are very sharp. you can’t pay for the car with XRP because tomorrow or in an hour it can cost 2-3 times cheaper.

It's really frustrating that the volatility of a coin is all it takes to make it unsuitable for payments. What is needed for a true decentralized cryptocurrency to be used like that is that it becomes almost stable, as in issuing some other coin as a collateral. I could talk about any altcoin being pegged to a collateral but since this thread's about XRP, someone could have an XRP balance with bitcoin as the collateral if the price of XRP ever drops, then the remainder can be taken from the BTC balance. and if it goes up beyond the expected balance, I take away the surplus XRP and put it in the collateral unspendable BTC balance.

The key is that the collateral cannot be spent, only the XRP (or any other altcoin). What do you think of this?

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Quote from: stephanirain on January 21, 2020, 05:14:27 PM

Quote from: mrdeposit on January 21, 2020, 05:12:39 AM

The truth is this:

not this:

Nothing is wrong to creative in expressing opinions. But it is kind of a down to only express it with two pictures. Bitcoin and Ripple are far more greater and not simple just to be express like that. Bitcoin itself is really great because it more likely won't be gone in the future and will recover eventually every time the prices decrease. While Ripple is also great in a way that even though it's price isn't that high compared to bitcoin, it managed to survive amidst of this cruel market.

reality hurts! but that's how things are going. ripple is not a common payment method that we usually see. it really is bitcoin. but it depends on the ripple team how they will expand their market. since it is centralised, they have full control on what will going to happen to their platform. either develop it to the fullest or just go with the flow?

letyouearn

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Don't think they will use Ripple coin itself for the payments. More likely that will be some kind of centralised bank token based on Ripple blockchain. And some chargeback mechanism should be presented there.

X-ray

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XRP is centralised coin which most of us here are really against. Truth is, this coin have such a weak community that I could barely see people accepting XRP for payment. You see so many forums out there that have individual merchant are accepting BTC, ETH or even DOGE but none of them accepting XRP. Why? because this coin is not generally being used for trading and none of this XRP users asked the merchant to accept it.

stephanirain

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Quote from: mrdeposit on January 21, 2020, 05:12:39 AM

The truth is this:

not this:

Nothing is wrong to creative in expressing opinions. But it is kind of a down to only express it with two pictures. Bitcoin and Ripple are far more greater and not simple just to be express like that. Bitcoin itself is really great because it more likely won't be gone in the future and will recover eventually every time the prices decrease. While Ripple is also great in a way that even though it's price isn't that high compared to bitcoin, it managed to survive amidst of this cruel market.

Kyraishi

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Quote from: NotATether on January 21, 2020, 03:53:19 AM

XRP has a better chance of going mainstream than larger coins such as BTC or ETH, because it is maintained by a centralized company and people usually look for a company that can provide support for it.

I'm looking to see how stores would be able to put a "Pay with XRP" button on their websites just like Paypal.

XRP is not worth a lot of money so most things will be priced in units of XRP which is another advantage that larger coins do not have.

How about refunds? Most people want or need to make refunds on their purchases so would there be a way for Ripple to bear the loss of that and issue those?

XRP is stuck in the middle ground, I think.

It's somewhat centralized but yet, it's based on an immutable ledger which means that transactions cannot be reversed very easily. That is the whole reason to go with a centralized payment processor in the first place - in order to reverse payments which you potentially got scammed by.

Also, I think that XRP's main goal is not mainstream adoption as a currency but as a settlement tool for centralized financial intermediaries. So I'm not even sure if they want that level of grassroot adoption.

JCviggen

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a coin with such high volatility can never be used by private businesses as payment. we all understood a long time ago that the price is constantly being manipulated and as a rule, these manipulations are very sharp. you can’t pay for the car with XRP because tomorrow or in an hour it can cost 2-3 times cheaper.

Muhammad Muneeb

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Quote from: NotATether on January 21, 2020, 03:53:19 AM

XRP has a better chance of going mainstream than larger coins such as BTC or ETH, because it is maintained by a centralized company and people usually look for a company that can provide support for it.

I'm looking to see how stores would be able to put a "Pay with XRP" button on their websites just like Paypal.

XRP is not worth a lot of money so most things will be priced in units of XRP which is another advantage that larger coins do not have.

How about refunds? Most people want or need to make refunds on their purchases so would there be a way for Ripple to bear the loss of that and issue those?

what is the point of even being centralized when they can not even control the price fluctuations of XRP you can say that it is the centralized crypto which can be taken back from you, you can be sued the whole organization can be turned into dust by the government. in my opinion crypto market is way better without the xrp

Zionatin

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Why does bitcoin need support to be secure? It is designed so that it does not need any intervention. XRP will gain adoption alongside coins like dogecoin. Looking at the comments people do not seem ti like XRP so much.
It seems just it was just a hype coin and I have no idea what it exploded why it did. I was not worried about XRP when it came out lol... I guess I should have. It is being accepted in some places but normally online only.
What do you like about XRP so much that you want to use it more?

pixie85

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Nothing. This scam coin is never going to be widely used.

On second thought if some big banks chose it as a bridge currency and really started to use it it could explode and have some real life uses.

If Bitcoin dies or declines it's not going to take its place because it's centralized and manipulated by Ripple Labs.
If Bitcoin doesn't die who is going to choose some cheap altcoin that keeps losing value if they can transact in BTC?

othell_rogue

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Is not about ripple or bitcoin, is about cryptocurrency adoption.
Ripple is better as a payment method because is cheaper and faster, the centralization can be easily resolved by the team if they sell the coins, slowly.

Note: I am not a ripple fan and I don't hold any, I am a bitcoin fan. But this is the sad truth right now.

#Darren

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Still do not understand why the majority on this forum likes this centralised asset that has nothing familiar with the main idea of crypto currencies. We should support decentralised assets like ETH, LTC or Bitcoin to move further with the industry.

ReiMomo

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Just because XRP is a centralized coin it will also can't be used as a payment if you care about your privacy. XRP will remain an altcoin, a centralized altcoin that there someone manipulating the price. Since it has become a centralized coin I did not invest this coin. For me, bitcoin is still the best coin to use as payment, nothing else.

zhekinsp

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This is currently existing method,why anyone will think private company give better security than your government since both are centralized? XRP has no chance to get main stream because its an idea controlled by someone for their benefits.

desticy

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I do not even know. There are more convenient ways than XRP. However, seeing how large banks enter into partnerships with Ripple, different thoughts come to mind.
I wonder what exactly the partnership will be and what it means in general. It is strange that the crypto community has such an ambiguous attitude towards Ripple.

NotATether

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Quote from: wozzek23 on January 21, 2020, 11:27:06 AM

Not being centralized and under control of 2 people? Who would want to accept a currency thats basically a playground for two man children?

I personally never owned XRP and do not consider buying any in the future as well, even when offered XRP as a payment I have always declined and asked for some other currency and I have accepted worst of coins yet still not XRP. People who support XRP either do it and know what they are doing, or they have no clue how idiotic and horrible XRP is, if you just google xrp a bit and search why people dislike XRP you will literally come up with thousands of results. It is basically a play money some guys printed and you guys are gullible enough to buy into it... for no reason at all? I mean even they don't think XRP is important part of their business.

Enlightened with this knowledge, it looks like Ripple is just trashing XRP, aka making yet another coin because they can. Mainly they want to make a funds transferring platform for big banks who will most likely have their own stablecoin that only a select few can buy. Those "bankercoins" are hardly ideal coins for ordinary people to pay with.

All of their products look like they are made for banks and I totally don't understand why famous rich people are buying this (Ashton Kutcher, Scooter Braun, etc etc) if the cryptocurrency itself isn't even important.

Quote from: TastyChillySauce00 on January 21, 2020, 11:47:05 AM

Imagine a reversible cryptocurrency and if that's to happen what's the difference with paypal considering both of them are centralized anyway. The reason why bitcoin has become widely accepted among online stores due to the fact that it's popular enough for these stores to consider and could potentially attract new customers. Meanwhile, XRP is just a centralized crypto which popularity is driven from trading activities and people who makes profit off it.

I have to agree, XRP and many other altcoins are only popular as trading tools to be honest. But considering that most real life things would be on sale for fractions of bitcoin, people would be more inclined to deal with whole units of things, not just with money but with all of their activities. It's like pricing things at $99.99 instead of $100 for example: 9 is less than 10 and people mentally round it down to the 90s. So if I price something at it's equivalent, 0.012 btc, then people will round that down to 0.01 but that messes with their mind because that is supposed to be a small number. Which could cause them to think that everything priced in btc is expensive.

TastyChillySauce00

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Imagine a reversible cryptocurrency and if that's to happen what's the difference with paypal considering both of them are centralized anyway. The reason why bitcoin has become widely accepted among online stores due to the fact that it's popular enough for these stores to consider and could potentially attract new customers. Meanwhile, XRP is just a centralized crypto which popularity is driven from trading activities and people who makes profit off it.

wozzek23

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Not being centralized and under control of 2 people? Who would want to accept a currency thats basically a playground for two man children?

I personally never owned XRP and do not consider buying any in the future as well, even when offered XRP as a payment I have always declined and asked for some other currency and I have accepted worst of coins yet still not XRP. People who support XRP either do it and know what they are doing, or they have no clue how idiotic and horrible XRP is, if you just google xrp a bit and search why people dislike XRP you will literally come up with thousands of results. It is basically a play money some guys printed and you guys are gullible enough to buy into it... for no reason at all? I mean even they don't think XRP is important part of their business.

Furryball

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Payment with XRP will be damn too easily to put in motion than other coins, you shouldn't compare with bitcoin though because bitcoin just did it better even if its not centralized like XRP, the most trusted will always remain bitcoin

mrdeposit

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Quote from: BitDane on January 21, 2020, 05:13:13 AM

Quote from: mrdeposit on January 21, 2020, 05:12:39 AM

The truth is this:

not this:

This is just a merchant's preference. So if some merchants supports XRP they will be saying the other way around.

If you consider them only as logos, there is not much I can help you with this. I wanted to say more than you understand. Wink

BitDane

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I think what is lacking for XRP is the government acceptance. Once the government acknowledge XRP then it is a smooth sailing from there. Though other do not like a centralized cryptocurrency, it will work as benefit for XRP because there is one company to control it as OP cited. Government wants entity that can be controlled so I think if XRP strive to get an approval for government, they will get it eventually thus, they can become a widely used payment method.

Quote from: mrdeposit on January 21, 2020, 05:12:39 AM

The truth is this:

not this:

This is just a merchant's preference. So if some merchants supports XRP they will be saying the other way around.

mrdeposit

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The truth is this:

not this:

LbtalkL

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I think XRP needs a solid partnership maybe a high profile and reputation company or directly endorse by the government, this coin will fly. But the question is, will that happen? The rumors about XRP being centralized I don't think government will partner with them but who knows. I tested and been using XRP across exchanges and wallets, it is really fast and cheap, good for arbitration its TPS is faster than bitcoin and ETH.

o48o

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Quote from: NotATether on January 21, 2020, 03:53:19 AM

XRP has a better chance of going mainstream than larger coins such as BTC or ETH, because it is maintained by a centralized company and people usually look for a company that can provide support for it.

I'm looking to see how stores would be able to put a "Pay with XRP" button on their websites just like Paypal.

XRP is not worth a lot of money so most things will be priced in units of XRP which is another advantage that larger coins do not have.

How about refunds? Most people want or need to make refunds on their purchases so would there be a way for Ripple to bear the loss of that and issue those?

It also has a better change of getting shut down by a government. I can't see anything revolutionary in a centralized ledger to be honest. The whole essential point in permissionless currencies is that they can't be shut down by anyone.

NotATether

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XRP has a better chance of going mainstream than larger coins such as BTC or ETH, because it is maintained by a centralized company and people usually look for a company that can provide support for it.

I'm looking to see how stores would be able to put a "Pay with XRP" button on their websites just like Paypal.

XRP is not worth a lot of money so most things will be priced in units of XRP which is another advantage that larger coins do not have.

How about refunds? Most people want or need to make refunds on their purchases so would there be a way for Ripple to bear the loss of that and issue those?

Topic: What would it take for XRP to become widely used as a payment method? (Read 311 times)