IS XRP REALLY A CRYPTOCURRENCY

[okaypool]

To be honest, in my opinion, investors are slightly important is the ripple cryptocurrency at 100% or not. It is important for them that investments bring profit. And as we observed quite recently there are all the prerequisites for returning the price to the previous limits and even higher.

[LaurenProfi]

Yes, in this even it is difficult to doubt. If the Internet to introduce" the best cryptocurrency to trade in the cryptocurrency market", in the first place of these cryptocurrencies will be Ripple.

[Malam90]

XRP (Ripple) is cryptocurrency but it is a centralized crypto. Ripple is traded mostly on BTC and ETH pair, you know BTC downed form $20k to $6k and ETH downed from $1.4k to only $200. That's why its value downed but if you see the price in ETH or BTC, it remains remarkable position not downed to much. Ripple is enhancing cryptocurrencies and Bitcoin also, not destroying the market.

[inanilujimi]

I will never invest in xrp whose value is centralized.
there are lots of crypto that are really real like BTC and ETH that are worth investing in.

[michellee]

I will never invest in xrp whose value is centralized.
there are lots of crypto that are really real like BTC and ETH that are worth investing in.

But if you can take another profit from ripple, you can invest in that coins, right? I don't think that people will let this opportunity gone because I am sure that every people want to make a profit from any coins and he will try the best buy from the coins. But I agree that bitcoin is the real cryptocurrency, and I still hold and want to buy more bitcoin if necessary because I want to make a big profit from any coins especially from bitcoin. So right now, I am waiting for the ripple price to increase so I can sell my ripple again.

[yapa ve yalniz]

Xrp is the largest balloon =)

I took my biggest damage thanks to xrp. 3,2 dolars => 0,48 dolars thanks.

[Garrixx]

Perhaps Ripple is correctly perceived as a symbiosis of fiat money and cryptocurrency, but this is in any case a coin that is on the cryptocurrency list

[kolonel_x]

XRP real cryptocurrency and in my opinion investing xrp is quite good, if there are many banks that use the blockchain xrp platform then it is not impossible if xrp will go to the moon

[jjeeppeerrxx]

So what's the point of creating a currency in blockchain technology but it is a centralized platform? If ripple is centralized then what's in the kind of people behind it or the developers purpose on creating this currency?

Blockchain technology is for decentralization purpose but now I read about this XRP issue of being a centralized currency.

What could be the point of the developers for creating such centralized crypto currency?

[petrovkirill808]

Ripple, first of all, the cryptocurrency for the banking system and its long growth will continue to gain a foothold due to the decentralization

[MikeyVeez]

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.

And where did you see the definition of cryptocurrency?
The definition from wikipeda: "A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets."

Do you see know any decentralization in the definition?
No!
And which cryptocurrency is really decentralized?
Bitcoin?
No! (Bitmain own more than 50% of mining power)
Ethereum?
No! (Vitalik is a strong name in Ethereum)
.
.
.

[tridverju]

Thank you very much for sharing your thoughts. I do not like Ripple and think that this coin is not a crypto currency. This coin is centralised without any limited supply, so just step back from Ripple and invest in coins that are worthing it. XLM for example is an awesome coin that is too undervalued.

[ityandsyn]

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

       Well ripple is a centralized coin that is use in bank as term of payment and for me it's not crypto because it is monitored by banking intitution ,  so it's not secret anymore not like any decentralized coin wherein there's no government body contolling your holding .

[Escf4]

Yes it is , XRP is really a crypyocurrency which is circulating in the cryptoworld, and it is one of the best altcoin in the coin market cap , it ranks to the third spot in the cryptocurrency world.

[Vieni]

XRP exists natively within the Ripple protocol as a counterparty-free currency. Ripple is not a blockchain. The main purpose of the Ripple platform is to move lots of money around the world as rapidly as possible.

[iSparta]

It seems to me that this is a centralized crypto asset supported by large banks. Cryptocurrencies, by their nature, must be decentralized. On the one hand, this increases the reliability of this asset, and on the other, it puts it on the same level as other banking assets and services - deposits and securities.

[marcitosi]

yes it is a cryptocurrency. what is one of the top cryptocurrencies and stop talking about the fact that this is a fiatnye tool or something like that

[tterrorpipa]

It depends upon your observation on what really you can define about cryptocurrency. For me, if it is listed on the coinmarketcap, surely by referring to that if its listed on that surely we can assume that it is really a cryptocurrency. But ripple on the bad side is not decentralized, compared to other coins.

[Jrfranco]

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

Ripple at all sense is a cryptocurrency, but merely on the centralized aspect,and which are controlled, the good side of this coin nowadays is that its been adapated by banks, which is a good news for all holders of this coin, taking into account, this coin started few years ago., and up to this moment, this coin has gained a lot of momentum.

[soundrum]

So far it does has the intrinsic feature of decentralization, I don't regard it as Cryptocurrency. Ripple is being control by a centralized organization and they have the overall authority on it which shouldn't be for a Cryptocurrency .