RIPPLE vs Bitcoin. What will banks do?

[TriggerHappyCoin]

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?

[habaratbu]

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.

[modtakels]

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.

[MarioLuck990]

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..

[Beerwizzard]

- drive the price of ripple to the moon.

Ripple already have a pretty big market cap. It is designed to wirk with bank trannsactions and current market cap can successfully cover the current amount of transacrions (and even some further growth). Banks are not interested in unsupplied growth (making a bubble) just because it will make ripple more volatile while banks need stability for a normal work.

[bigdude]

I don't think bank will work with both of them. As bitcoin too risk to use with their banking system.
Ripple now not clear it role.
In my opinion bank will  have their own infuture if needed

[Samsungnumbertwo09]

Just a simple question, all people knows that bitcoin is greater than any crypto that is made and no one tries to make it and replace btc from its throne and for sure all banks are on btc and they only wanted btc because it has high value so when trading comes they will get large income, thats why banks are badly wanted btc and not ripple

[Capeshifter]

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.

[slovakia]

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

[withche.07]

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.

[mmo_online_1981]

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.

[sylance]

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.

[TriggerHappyCoin]

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.

[xandriel]

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.

[1kings]

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

[Erreefe]

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

[Mariobtc]

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?

[Minor 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.

[jyotianand01]

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.

[reztava]

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.