RIPPLE vs Bitcoin. What will banks do?

[frowsiter]

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.

[invest2lose]

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

[sunno330]

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.

[CryptoRama]

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

[wilberthh]

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.

[Cnut237]

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.

[Luke1706]

Check out why banks will take Ripple
https://coinpioneer.net/coin-guide/ripple-description

[Makkara]

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.

Mu uestion is, if they are not using xrp wht they are going to use? Their coin which has no recognized value anywhere? At this point they dont need the whole ripple system aswell

[bababayern]

The banks will go for Ripple of course and they'll make sure that the price doesn't become volatile. I would say its the perfect time to invest in ripple when its still cheap and given that it wont rise much and will mostly maintain a stable value.

[webmone]

Ripple differs from other cryptocurrencies. It was created to work like an intermediary between banks and crypto world. This is not a decentralized currency. Banks will sure prefer working with Ripple as Bitcoin cannot be controlled.

[bitorama]

Bankers will prefer ripple because ripple is a centralized system

[sakokinak]

Banks have been already dealing with Ripple. This altcoin is a centralized cryptocurrency, and it will be always preferable to banks. They will better ignore Bitcoin as it is a decentralized currency.

[Faroxx]

I think the ripple is a centralized coin, unlike bitcoin. ripple ideally suitable for banks, unlike bitcoin.

[Bytem3]

They will not sure Bitcoin. If not for anything else the transactions are too expensive and too time consuming. A lot of banks are already using Ripple to do transactions.

[Holla123]

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.

I second that. I would not bet too strongly on Ripple though as they have been well underperforming the crypto market even with their massive client portfolio.

[Gaius Cryptus Tradius]

Do they actually keep the rate at a steady rate 0.2 euro/dollar. Or how does it work, is there a company behind it that they control the supply?

[Sinistlercoin]

You need to understand that Ripple and XRP are two different things.  Since many banks are already using the Ripple network, the assumption should be that if banks begin using a cryptocurrency, they will chose XRP over BTC.  However, in general, banks have not yet adopted use of XRP (the Ripple cryptocurrency) for use on the Ripple network.  Up to now, Ripple has not made using XRP a requisite.  

My assumption is that the motivation for this question is to know if XRP would overtake BTC in value if the banks adopt it use.  if there is enough interest and banks begin using XRP, the value should increase.  However, there will be a max of 10 billion XRP, whereas there will only be 21 million BTC.  Based on supply/demand, the value of XRP would likely increase at a slower rate than BTC.  But, if the banks use it, it will be a better long-term hold than BTC.

[topesis]

We all know Banks always prefer what they can control and will likely jump on RIpple which won't be a surprise, but that will be a wrong choice because Bitcoin is just starting its journey to $100k and anyone then with 10BTC will be a millionaire in USD, I hope you know what that means

[Crypt1x]

Ripple already agrees with many banks for money transfers. Bitcoin has no structure to negotiate with banks. Because Bitcoin is not any company or organization.

[vaso11]

there's even no doubt. Because ripple is the perfect currency for banks, but the bitcoin with its transactions that go for 2 days and commission fees are not suitable for banks