Why are people buying Ripple?

[jobjorn]

if ripple is so great, why don't the big banks just fork it, it's open sourced.

[burberry32]

• it is explicitly (or at least formerly) not considered a currency
• it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
• it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??

So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.

i do have a similar question about ripple to understand more about the hype that its having right now. What will ripple achieve for the 'normal' consumers? I have read that ripple network is between banks for cross-border payments with end-to-end tracking. But will ripple ever be like bitcoin or other altcoins where end users can do transactions with each other or buy goods with ripple without an intermediary or are we simply investing in a project of a company just like shares/stocks but then in ripple?

[Omegagen]

People are buying Ripple because they are desperately trying to make some M.O.N.E.Y!!!  Why else do you trade stocks, currency, bonds, futures, alt-currency...What else is there? 

[invest2lose]

japan/korean banks are testing xrp right now. mexico bank is using xrp. arrington capital is using xrp. many more to come. don't miss the train. ripple will overtake bitcoin this year.

[dantheman666]

The whole point of cryptocurrency is decentralization, but Ripple is controlled by a bunch of banks and the transactions are tracked. I don't see why people buy something that is centralized and controlled by banks. Ripple is just hype. Don't believe the hype.

[gulshan1]

Ripple coin have 3rd ranking in the world and it is banking sector project which is giving best services to their connected bank across the world. Ripple have the a big market cap which is playing the major role to increase the price of ripple. According to market cap if ripple price will reach up to the $15 dollar then it can come to the 1st rank in the top 10 coin ranking which is the powerful achievement.

[deeofficialx]

I don't know much of Ripple, but maybe it has what they were looking for; transaction time, fees, per second. Maybe, I don't know. Hihi.

[spiderm4n15]

because of ripple base on internet protocol, the payment is so cheap and fast
financial system is reachable and Interconnected finances

[uinvestmoney]

How do i recover my orginal acct?
didnt we get some insane 50,000 for joining site at start

[letecia012]

For early hodler of Ripple those guys are very lucky and probably an instant millionaire but for those like me who are planning to enter at the current price I think it is very risky. I have second thought if I buy or not

[Singbatak]

Majority of people buying Ripple are doing so for speculative motives. Not necessarily that they love Ripple, but they buy it with hope that more demands will drive the price upwards further thereby giving the a reasonable return on investment. I buy XRP because I want good ROI in the future.

[huoxuanjyphl591]

More and more people are buying inthe ripple coin just because the price of it is rising. But how much profit you can get depends on when you buy  it.

[iconoclast]

japan/korean banks are testing xrp right now. mexico bank is using xrp. arrington capital is using xrp. many more to come. don't miss the train. ripple will overtake bitcoin this year.

Google SWIFT Blockchain and you will see the protocol that will become the banking standard.

[Boi qaaf]

The reason behind ripple market is that some major banks have started to use ripple in their banking system and banks will prefer to accept centralized currency ever if their potential ability in coin. Ripple helps a lot to make inter-banking super fast, not only bankers but outsiders would also be able to take benefits from trading ripple coin.

Ripple is currently leading altcoins in market cap..

[Rooster101]

The surge of demand for ripple caused it to become the number two cryptocurrency in market capitalization overtaking ethereum. It is said to be highly favored by the banks and the reason behind its current surge in price. When ripple prices rose continously, it attracts many buyers and traders especially those who want to take profit while the surge is ongoing.   

[slimfit88]

ripple have good potential in the future its will grow ups again. more investors holding in ripple They are buying to make profit and ripple top coins in market cap

[speakoo]

• it is explicitly (or at least formerly) not considered a currency
• it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
• it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??

So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.

Maybe the pumping and dumping team is more important than Ripple .But XRP really attracts most of our eyes.Its price is closer and closer to bitcoin .
Bitcoin is forked by many team , but XRP has only one team , so it is possible that XRP will take place of BTC one day .

[qwertyup23]

• it is explicitly (or at least formerly) not considered a currency
• it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
• it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??

So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.

Generally by looking at the price history, their has been a constant increase over the past weeks in most alternate coins in the market. Last week when the price of bitcoins fell down to ~$13,500, the prices of other altcoins increased by at least a considerable margin. Not to mention, the hype of some people built-up the crowd for a potential pump and dump scheme.
Another reason is that, some investors would ideally diversify their investments into some other coins and not relying into bitcoin alone. With this, they decrease their chances of losing everything and increase the possibility of them earning more in the future.

[Nukleo]

There is an opinion that Ripple is a product that operates under the control of bankers, whose task is to get the largest share of the crypto currency market. In addition, Ripple provides an opportunity for cheap transactions, which is especially significant against the backdrop of the huge commissions Bitcoin.

[bubble pop]

• it is explicitly (or at least formerly) not considered a currency
• it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
• it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??

So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.

Because there are some news and articlesbthat are saying that ripple is going to be a very successful altcoins these year and they have seen us the groeth of them within the last year. We all know the power of the social media they believe in it because everybody wants to gain money but they didnt know that the ripple are just continuing to grow because they are paying a lot of attention in them. They are buying he products so the overll market value will also rise up and yhe people think it is because of the success. Yes somehow but the real reason is because of us the investors