IS XRP REALLY A CRYPTOCURRENCY

[ubongephraim]

Ripple news: Is XRP really a cryptocurrency?


RIPPLE returned to the all-important $0.50 mark following bitcoin’s remarkable rise to $7,500 this week. However, one expert has warned that ripple is “not a cryptocurrency” and could miss out on the regulation that catapults bitcoin and ethereum on to bigger and better things.

Ripple’s remarkable journey from obscurity to $3.40. back down to today’s price of $0.49 could soon see it ring-fenced from other competing cryptocurrencies, with concern over its centralisation potentially excluding XRP from entry into a price boosting regulatory framework.

Last week, rival bitcoin recruited another billionaire believer from the world of mainstream finance after it was revealed that investor Steven Cohen has placed money into a hedge fund focusing on cryptocurrencies and blockchain-based companies.

Cohen Private Ventures has invested in Autonomous Partners, a new hedge fund buying up cryptocurrencies and equity in blockchain-related companies as the world of mainstream finance begins the search for the “next generation” of investments in the digital age.
However, Ripple is one notable absence from the spate of technologies in which Autonomous Partners is interested, raising concern that the XRP tokens will be treated differently when regulations arrive.

If the Securities and Exchange Commission (SEC) in the US decides that the tokens are securities they could then be subject to different laws than tokens that are not.

Arianna Simpson, from Autonomous Partners said: “I have a lot of concerns about the level of centralisation there, and I have regulatory concerns if what they have issued is a security.

Anatoly Castella, CEO, Elpis Investments told Express.co.uk that ripple's XRP is set to miss out because it is not a "Digital Fiat", and not a “real” cryptocurrency
Mr Castella warns that XRP falls short of the “purest interpretation of ‘cryptocurrency’.”

He said: “Ripple resembles a fintech platform combining the best elements of fiat money and blockchain cryptocurrency.

“It should be considered 'Digital Fiat', not a cryptocurrency.”

On the potential for missing out on the very regulations that go on to propel rival cryptocurrencies to all new price levels, Mr Castella says that the SEC should consider to creating a regulatory framework for ‘digital fiats' like ripple and a sustainable ecosystem for the “crypto startups”, currently “held in a state of limbo”.

He said: “This will ensure that ‘real’ cryptocurrencies like bitcoin will not be damaged and misunderstood by these start-ups adopting the wrong regulatory approach from the outset.”
Source : Express.co.uk

[StGermain]

Not really, it is centralised and controlled crypto, so I would not consider it in the spirit of bitcoin or ethereum that really extend the decissions much farther.

[xminer2014]

Not really, it's not decentralized which is one of the key points of crypto for most people. I doubt it will ever get back up to $3.

[Byzantium101]

Ripple is a crypto currency no doubt. It has achieved plenty of hype and has many positive news, but also has got a few court claims against it so is a bit dangerous to invest.

[godspree]

As a technology, the Ripple platform may have real value and real history that validate the claims they make for its efficacy. The XRP token itself, however, seems to have negligible use cases. In fact, Ripple had planned to phase it out — at least, until fevered interest in cryptocurrencies began to take off in 2016. Nevertheless, as CNBC noted today, if Ripple hits $6.57, its market capitalization will be bigger than Bitcoin’s.

[Tipstar]

It's all about how you define a cryptocurrency.
There are some cryptography on use and transaction of Ripple. And Ripple is also used as currency.
It can be related to current date ICO or call it the first ever ICO. So, it's a token. And it's upto you to call it cryptocurrency or not.
When it first came, people thought a company issuing a token without letting users mine and selling them on an artificial price is no cryptocurrency.
But now that practice is too common.

[KatyaTonkosheewa]

More likely no than Yes. Since the unit itself is not supported by mining, and is an alternative system of payments and tied to real money, not computing power.

[buterinnews]

It is due to the growing public interest in cryptocurrencies that the Ripple payment system was able to get a share of its attention. But, at its core, it is very different from the usual types of cryptocurrencies, such as Bitcoin, Ethereum, Dogecoin.

[shimbark123]

XRP is a real cryptocurrency. Why is it listed on exchanges if it is not. Right? You get it? It is not consider as crypto if it isn't so don't think twice or once whether it is a currency nor it isn't.

[mmo_online_1981]

I'm not sure yet, because I'm still not clear between Crypto and digital money,
But maybe, at present, bitcoin and altcoin are still only assets!

[b_economic_d]

I believe that the situation is positive so far and many banks are positive about the opportunities and prospects of the platform, so Yes, in my opinion.

[ABDUL86]

I believe on xpr and it's very demanding coin now with you check there daily market cap it in under top 10. So it's may became next EtH.

[provide_life]

I tend to the negative answer, because this "cryptocurrency" belongs to banks, in addition, about 40% of tokens are in the hands of developers who promised not to use tokens on their accounts.

[mikhailkudig]

Rather, no, this cryptocurrency is suitable for those who need fast growth. (himself did x3).

[TheWolfCrypto]

Yes, it really is one of the fastest growing cryptocurrencies. The price of Ripple in one month is 15 times and has overtaken one of the Best Ethereum cryptocurrencies.

[Mihaylovic]

it is a real cryptocurrency. all currencies that are based on blockchain technology basically called cryptocurrency. and yes xrp is also one of them. if you ask me if it is a good one to invest or not, i would definetely say that do not invest it. it is used for pump and dumps.

[earn20]

What else is he? Of course, Ripple is a very popular cryptocurrency. I don't know how you can doubt that.

[Garrixx]

I see constantly a lot of controversy about the ripple, but I can say that this is a great coin that has proven itself to be one of the most powerful cryptocurrencies. I note that it is cryptocurrency and not something else

[tycsols]

In my view yes, xrp is definitely a crypto currency as it is based on blockchain technology, however, there could be a debate about how decentralized it really is, because the critics of xrp think that the large percentage of xrp is still held by the company so they can control the supply and value of xrp in the market, i think as a company ripple should answer the critics.

[evenkjoe]

Of course, Ripple is really a cryptocurrency, just with some technical features, nothing more. But this does not mean that you need to invest in it.