Ripple vs. Banks?

[qwerty1337]

Ripple is a time-tested product, and its importance in the market is very large, its own banking cryptocurrency will not exceed ripple

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[styca]

This article is a good read:

https://www.forbes.com/sites/billybambrough/2019/02/15/the-end-of-ripple/

Ripple use case was only to have banks work with it, but now when banks are making their own cryptocurrency, is Ripple in trouble?

I utterly disagree. The JPM coin is hilarious. There is no tech to back it up, there is barely even any need to use blockchain for what they're doing. The old argument gets raised every now and again: 'banks will use the ripple tech but not XRP, they will use their own coin instead' - this doesn't make much sense. XRP is the native coin to the ledger, and the only native coin. Sure a bank could use it's own coin, but why? Where is the competitive advantage?

[Felipeo]

Banks are already making their crypto and the first big one is jp Morgan. It will effect xrp and its future if banks make their own crypto. But xrp is only not about a banks coin they have more technology according to their roadmap. And one of them is crap is and they maid their technology. So this kind of Technology is hard to adopt but if a bank want they can make it. But not all the banks in the world make their own technology and if they will make if will take time and xrp then already popular and advanced than those technology maybe. So it will hurt ripple but I think they will make some way to rid over it.

[encycrypto]

This article is a good read:

https://www.forbes.com/sites/billybambrough/2019/02/15/the-end-of-ripple/

Ripple use case was only to have banks work with it, but now when banks are making their own cryptocurrency, is Ripple in trouble?

I utterly disagree. The JPM coin is hilarious. There is no tech to back it up, there is barely even any need to use blockchain for what they're doing. The old argument gets raised every now and again: 'banks will use the ripple tech but not XRP, they will use their own coin instead' - this doesn't make much sense. XRP is the native coin to the ledger, and the only native coin. Sure a bank could use it's own coin, but why? Where is the competitive advantage?

"Competitive advantage"?!? Where's the competitive advantage of using Ripple, instead of your own blockchain?

Ripple is centralised...

[Johnyz]

This discussion just seems to be never ending but i think we should support ripple in this war as whatever the criticism ripple still is part of crypto community as it is based on the blockchain technology so i will keep supporting ripple.

Despite of many people says that XRP is a centralized coin, i think this is still a better technology compare to the banks and that is why many banks are adopting XRP so they can improve their own technology. XRP will win on this one, especially in the future so if you hold some of XRP it will be more worth it.

[Aryleeto]

This article is a good read:

https://www.forbes.com/sites/billybambrough/2019/02/15/the-end-of-ripple/

Ripple use case was only to have banks work with it, but now when banks are making their own cryptocurrency, is Ripple in trouble?

Well, few banks will be able to overtake ripple in terms of capitalization and technology , I think ripple is very much working with the banks that few banks will do their cryptocurrency as it is not particularly necessary

[Gargo]

This article is a good read:

https://www.forbes.com/sites/billybambrough/2019/02/15/the-end-of-ripple/

Ripple use case was only to have banks work with it, but now when banks are making their own cryptocurrency, is Ripple in trouble?

Each bank wants to cut the largest piece of cake for himself, so more cryptocurrencies similar to Ripple will be created. Of course, if there is more competition, then everyone will earn less for himself. Ripple will probably stay a leader for centralised crypto because it appeared first, just like Bitcoin for decentralised crypto.

[qualitywork]

This article is a good read:

https://www.forbes.com/sites/billybambrough/2019/02/15/the-end-of-ripple/

Ripple use case was only to have banks work with it, but now when banks are making their own cryptocurrency, is Ripple in trouble?

Well, few banks will be able to overtake ripple in terms of capitalization and technology , I think ripple is very much working with the banks that few banks will do their cryptocurrency as it is not particularly necessary

From day one ripple has been accused of being a centralized project funded by banks in order to make backdoor entry into the world of crypto currency so that they could try to dominate the market. We will see banks using ripple as a transaction medium soon

[shinratensei_]

This article is a good read:

https://www.forbes.com/sites/billybambrough/2019/02/15/the-end-of-ripple/

Ripple use case was only to have banks work with it, but now when banks are making their own cryptocurrency, is Ripple in trouble?

I utterly disagree. The JPM coin is hilarious. There is no tech to back it up, there is barely even any need to use blockchain for what they're doing. The old argument gets raised every now and again: 'banks will use the ripple tech but not XRP, they will use their own coin instead' - this doesn't make much sense. XRP is the native coin to the ledger, and the only native coin. Sure a bank could use it's own coin, but why? Where is the competitive advantage?

"Competitive advantage"?!? Where's the competitive advantage of using Ripple, instead of your own blockchain?

Ripple is centralised...

It's the same as any other blockchain but ripple has the biggest pre-mine coin that's enough to make all of the people in the team being the next rich person. There was no important thing to bet on this one dude. This is a really centralized blockchain and it has no advantage at all.

[xrpholder1982]

[/quote]

"Competitive advantage"?!? Where's the competitive advantage of using Ripple, instead of your own blockchain?

Ripple is centralised...
[/quote]

The competitive advantage is that the XRP ledger is very decentralized.  Ripple, the payments company based in SF is centralized.  You are confused.  JPM and any other private bank coin is recreating the same current inneficiencies on a DLT.  JPM doesn't trust HSBC who doesn't trust Citi however they realize that Ripple only controls 5% of the XRP ledger and thats powerful.  Not only is XRP the fastest, cheapest and most scalable asset WITH the necessary liquidity to handle payments at scale but no one is even close.  The team at XLM isn't building the necessary liquidity to run payments through it without massive slippage on exchanges.  Whether you like it or not, 60+ central banks will be issuing their CBDC's over the next 5 years and XRP will the BRIDGE ASSET.  XRP will be the BRIDGE ASSET for fiat and any private bank coins for cross-border payments and will even handle some domestic rails.  Just do your research, real research though and not reading the garbage on the ad based sites.  Dig into temenos, SBI, SAP and R3 and XRP.  You will be blown away by what is happening just behind the scenes.  Read recent publications from the IMF, listen to Christine Lagarde.  Don't blindly listen to others on bitcointalk and think you have it figured out.  Buy XRP and hold for 5 years.  You'll thank me later. 

[letecia012]

This article is a good read:

https://www.forbes.com/sites/billybambrough/2019/02/15/the-end-of-ripple/

Ripple use case was only to have banks work with it, but now when banks are making their own cryptocurrency, is Ripple in trouble?

Ripple was on track with its mission to provide fast cross border transaction less transaction fee compared to banks and money changer but not until JPMorgan announce that they would create their own stable coin to be used in blockchain technology  and in my own opinion this really threaten Ripple as both cater same line of business. Hopefully ripple can overcome this odds.

[apilpirman.bisnis]

I got many news about Ripple or XRP coin where coinbase want to listed ripple on their market. Many bank have support and working with Ripple for the future and make ripple become their payment transaction.

[Krassows]

I got many news about Ripple or XRP coin where coinbase want to listed ripple on their market. Many bank have support and working with Ripple for the future and make ripple become their payment transaction.

Of course there is a connection, ripple and the bank may cooperate in terms of payment transactions, hopefully in the future it will run smoothly and there will be many supporters

[G2z_Riya]

I got many news about Ripple or XRP coin where coinbase want to listed ripple on their market. Many bank have support and working with Ripple for the future and make ripple become their payment transaction.

Banking community is the key element for the tremendous growth of ripple. Regularly more and more banking community keeps on using the ripple platform. This has led ripple to be permanently listed as the banking coin as it is almost centralized and used on a banking systems.

[Maslate]

I got many news about Ripple or XRP coin where coinbase want to listed ripple on their market. Many bank have support and working with Ripple for the future and make ripple become their payment transaction.

Banking community is the key element for the tremendous growth of ripple. Regularly more and more banking community keeps on using the ripple platform. This has led ripple to be permanently listed as the banking coin as it is almost centralized and used on a banking systems.

Therefore it should not Ripple vs Banks.

Ripple can work with bank by giving them a system that is fast, cheap, and transparent, it's called a bankers coin so why would people want to compare it with bank.

[Vit83]

This was the main question for me. Why banks need XRP? Why they just can't create their own private blockchain. XRP is centralized, nobody wants to entrust the money of their clients to a new company. So IMHO XRP is in trouble. But they can create some innovation that will help them to win this battle.

[bartolo]

I utterly disagree. The JPM coin is hilarious. There is no tech to back it up, there is barely even any need to use blockchain for what they're doing. The old argument gets raised every now and again: 'banks will use the ripple tech but not XRP, they will use their own coin instead' - this doesn't make much sense. XRP is the native coin to the ledger, and the only native coin. Sure a bank could use it's own coin, but why? Where is the competitive advantage?

They don't need to compete with Ripple, they are not offering a new coin for people to buy it or invest in. They are just issuing an internal coin for their internal procedures, the only thing they need from this coin is that it works well for them. Having their coin allows them to control everything and not depend on an external company or an external blockchain that could cause problems at any time.

[tabas]

but now when banks are making their own cryptocurrency, is Ripple in trouble?

JPM coin? there always been a competition in the market. I'm not tuning in with this kind of clash in the market but Ripple looks still stable although there's an announcement from JP Morgan about their own token. I think Jamie Dimon is the one that gives that idea because he hints that JPM coin will be used in retail soon.

[encycrypto]

but now when banks are making their own cryptocurrency, is Ripple in trouble?

JPM coin? there always been a competition in the market. I'm not tuning in with this kind of clash in the market but Ripple looks still stable although there's an announcement from JP Morgan about their own token. I think Jamie Dimon is the one that gives that idea because he hints that JPM coin will be used in retail soon.

Still stable? I'm talking about the usability and adoption, not the stability. It won't remain stable if slowly the usability vanishes for XRP.

[Vit83]

Another moment I thought. To be honest, very few people will be sending money by xrp or JM token) Most people that xrp waiting just price dump, and buying it just for speculation) With JP stable coin there will no pumps) So XRP still have a chance)