Libra vs XRP

[Abiky]

Considering that Facebook's Libra will be an extremely centralized cryptocurrency, it might very well be adopted by financial institutions within the mainstream world. Ripple's XRP also has the same purpose where it could drive mainstream payments in a fast and cheap way, backed by many Banks worldwide. While both Libra and XRP have their similarities (in terms of centralization) they're certainly different by design.

If Libra's launch becomes a success, then XRP's existence may be threatened over the long term. Both cryptocurrencies would battle head-to-head in order to become the top choice of Banks worldwide. Comparing Libra vs XRP, Ripple has all the possibilities of taking the lead because of the many partnerships it has established with Banks worldwide.

Which is why, it makes me wonder whenever Libra will become the currency of the world or XRP? Or will they co-exist in the future?

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[BQ]

Isn't Libra more of a ecosystem while XRP is for settlement?
XRP will be outclassed anyway as it can't survive on settlement alone.

[pixie85]

Many people were bringing this up that libra is not a threat for BTC because it's centralized and it's meant to be a stable coin. It's more likely to be a threat for USDt and other centralized coins like XRP.

Libra has still a long way to go before it launches and grows beyond XRP's popularity. We'll see if it even launches at all. There's no big scare yet but next year can become scary for some altcoins if FB enters the market.

[dongosquad]

it seems to be more beautiful if side by side ...: D, but we realize this is about business, there must be competition.
If we compare ripple with other coins, I will remember when Vitalik ever wanted an apprenticeship in Ripple but was constrained because of the problem of residence permit which required Vitalik to return to his country. and we all know that now he is growing with ethereum and ripple still exists.

[btc-facebook]

I'm not sure about that,
if I believe that the existence of XRP will not be threatened, because the functions of Libra and XRP are different,
if libra focuses on stable coins, xrp focuses on payment transfer speeds,
a little different, though somewhat the same, but still the two will not threaten each other.

[CurrentEventsu]

Honestly, libra,shouldn't even be called a cryptocurrency. That centralized shit is tainting the reputation of true cryptos.

[Erickan]

While Libra has not yet determined its future, there is no news given that the US government will approve the Libra project. Facebook has also informed those who love Libra that it will probably not be launched or delayed indefinitely, so comparing a project has not yet been launched and a project is at the top of the CMC like XRP Is not right. At least wait for Libra to launch successfully to be comparable to XRP.

[samcrypto]

Honestly, libra,shouldn't even be called a cryptocurrency. That centralized shit is tainting the reputation of true cryptos.

There are many centralized coin aside from Libra, but still its cryptocurrency. I read about the news hat Libra might not push through because of many criticism i guess and because of this XRP will still be ahead of all centralized coin. I don’t also want a centralized coin, but since traders always look for the chart, XRP is a good option.

[Daha19]

Isn't Libra more of a ecosystem while XRP is for settlement?
XRP will be outclassed anyway as it can't survive on settlement alone.

Come on, both coins can exist quietly, huge investors are spinning around there who simply earn money on these coins, so I don’t think that these two coins will have a bad outcome

[styca]

I don't think Libra is a threat to XRP. XRP has years of development specifically in the field of fast payments. Of course Facebook has the money to be a success in whatever field it chooses, but I don't think it is going after the same specific area as XRP. I am confident XRP will be a huge success, and Libra will not threaten it.

[jawakoak]

Both look good and have their respective uses

what uses? libra until now struggling on launching, so many government not agreed with libra project, and its under attack by US president donald trump..

[Johnzky]

Well before we talk about the existence of libra against ripple better they must resolve the issue first against them and the US President. I think this is too early for comparison when the assurance of Libra to be released is un doubt.

But if this happens surely ripple will be in big trouble

[ophyrim]

Yea libra is a big problem for XRP. Brad Garlinghouse (CEO of the Ripple) says that the banks need Ripple and XRP more than ever at the moment. But Facebook, Visa, Mastercard, Vodafone etc are not an easy competitor.

[taratorly]

Considering that Facebook's Libra will be an extremely centralized cryptocurrency, it might very well be adopted by financial institutions within the mainstream world. Ripple's XRP also has the same purpose where it could drive mainstream payments in a fast and cheap way, backed by many Banks worldwide. While both Libra and XRP have their similarities (in terms of centralization) they're certainly different by design.

If Libra's launch becomes a success, then XRP's existence may be threatened over the long term. Both cryptocurrencies would battle head-to-head in order to become the top choice of Banks worldwide. Comparing Libra vs XRP, Ripple has all the possibilities of taking the lead because of the many partnerships it has established with Banks worldwide.

Which is why, it makes me wonder whenever Libra will become the currency of the world or XRP? Or will they co-exist in the future?

We're keep reading comparisation about 2 or 3 coins in here. I think all of it is just vain.
But we can compare Libra and Ripple for some points. Both of these two is centralized, open for manipulation. Also both of has different structure. XRP is not stable against USD. Its value can change in market decision. But libra will be always 1$.

[BQ]

Isn't Libra more of a ecosystem while XRP is for settlement?
XRP will be outclassed anyway as it can't survive on settlement alone.

Come on, both coins can exist quietly, huge investors are spinning around there who simply earn money on these coins, so I don’t think that these two coins will have a bad outcome

They can co-exist yes as they don't serve the same purpose, but XRP will be outclassed by other alternatives(not Libra).

[Abiky]

Many people were bringing this up that libra is not a threat for BTC because it's centralized and it's meant to be a stable coin. It's more likely to be a threat for USDt and other centralized coins like XRP.

Libra has still a long way to go before it launches and grows beyond XRP's popularity. We'll see if it even launches at all. There's no big scare yet but next year can become scary for some altcoins if FB enters the market.

It may be too early to tell what will Libra's outcome be within the future, as it's not launched yet. XRP is widely known to be a first mover when it comes to delivering mainstream payments with its bank partnerships. It'll be hard for Libra to be able to compete with an already-established cryptocurrency that's trusted by serious banks worldwide. The main difference would be that Libra will retain its value of $1 per coin, while XRP's value would be highly volatile over time. But in terms of transaction capacity and fees, they'll be likely the same.

Considering how both cryptocurrencies are centralized, they can never be compared against Bitcoin and other popular altcoins on the market. Both Libra and XRP are just another banking system with the added benefits of Blockchain technology. Still though, the success of these cryptocurrencies will greatly contribute towards Blockchain adoption within the mainstream world. Nearly everyone worldwide would be using the Blockchain without even noticing it. Our economy will be transformed like never before, as it becomes efficient and "corruption-free".

Nonetheless, it'll be quite interesting to see how Libra will stand up against XRP after launch. If it manages to bring greater partnerships and a higher transaction capacity than XRP itself, then it might take the lead in the mainstream payments industry. What's left for us is to watch closely the development of Libra, until it launches within next year. Even if it doesn't become a reality, XRP could devise a stablecoin of its own in order to fulfill Facebook's vision of a worldwide currency. Just my thoughts

[fenixosup]

Facebook have a lof of problems with privacy and due to it i will choose xrp

[aioc]

Could be a good competition between the two, but unfortunately, Libra coin will not launch and they have to concede because of too many barriers that they are facing, it's very unfortunate the government consider them a big threat.
this article will tell it all why
https://www.coindesk.com/facebook-libra-might-not-ever-launch-concedes-firm

[Pecunia non olet]

Libra is a stable coin. XRP is not backed by anything.
Libra is centralized. XRP is centralized.
Libra TPS - probably unlimited (since it is not a blockchain technology), XRP - 1500 TPS.
Libra will be restricted in some countries. XRP is not. 

[Maestro75]

If Libra's launch becomes a success, then XRP's existence may be threatened over the long term.

This is a simple fact. Ripple is a whooped coin aready and I do not see how it will survive when Facebook Libra finally come up. With all the hood reviews ripple has over the years yet it is still in the cents per coin. It is even overvalued the way it is at present. I will not want to buy ripple for anything.