Libra vs XRP

[Rohtox]

whatever LIBRA goes, I don't think Facebook can beat BTC neither XRP with LIBRA.

I heard some rumors that Libra Project by Facebook might be canceled

Source

• https://www.digitaltrends.com/news/facebook-libra-delay-cancel-sec/
• https://cryptoslate.com/libra-may-be-canceled-due-to-regulatory-concerns-facebook-tells-investors/

[1715476355]

1715476355

[1715476355]

1715476355

[1715476355]

1715476355

[1715476355]

1715476355

[suzanne5223]

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?

Libra and XRP have almost the same concept which believe Libra will take the crown from XRP due to level of support and the concept put together.
We still don't know for sure if the coin will be create, cause I learn that some governments are against the implementation of the coin because it will be pegged to some national currencies and the project features was believed by some governments official to cause obsolete of national currency which Libra will be pegged  cause people may prefer to use Libra rather than fiat.

[Crypto.Smiles]

I also think that Libra will be the toughest competitor for XRP and that can't be avoided. Many large companies have expressed support for Libra, of course it will have a big effect on investors. Most likely Libra will be included in the top 5 cryptocurrency by 2020. Very popular. Thank you very much!

[DaMut]

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. 

Libra use BFT algorthim with POS system :

The Libra Blockchain uses a Byzantine Fault Tolerant algorithm, which can tolerate up to one third of the validators being malicious. Libra uses a Proof of Stake approach to determine membership in the algorithm, which ensures consistency and security.

that means, there is a limit for its transaction. But again, why would we compare them? Libra is a stable coin and XRP is an unstable coin. Both of them are different in the first place.
another thing, will you really put your life into it? because zuckerberg knew everything about your life and now you are going to give him your wallet too?

[ning_aric]

Oh come on. It’s nothing to compare here. They’ve got different reasons to be created. And it makes much sense that we have can have some of the biggest companies in the world looking at using blockchain or something like it. People would get to realize that XRP does it better. And XRP now has to work harder to get big tech adoption.

[monalia]

It is a good point of you and we can expect Libra coin main takes the volume of xrp.
Along with that it really of xrp also can go cheaper than what we are buying now. I believe this both companies me meet and discuss about it before the launch of Facebook official coin.
If you ask me e which is a better one, I will surely go with libra coin.

[hulla]

whatever LIBRA goes, I don't think Facebook can beat BTC neither XRP with LIBRA.

I heard some rumors that Libra Project by Facebook might be canceled

Source

• https://www.digitaltrends.com/news/facebook-libra-delay-cancel-sec/
• https://cryptoslate.com/libra-may-be-canceled-due-to-regulatory-concerns-facebook-tells-investors/

Point of correction, Libra is no longer facebook coin but a coin which belong to a group (facebook, coinbase, some institutions etc) and it have no concept to take the place of BTC cause it will be pegged to some fiat currencies as it was stated in the white paper. Besides, ot also a centralize coin but the coin will definitely replace XRP.

Meanwhile, i also read about the cancellation news but it too late to believe that.

[Patrix_1]

Libra would defeat XRP without any doubt, because I believe they want to realise the same goal. Libra has more supporters and is backed by more than 100 big companies including such giants as Facebook, Uber and many others.

[thiscomm]

I think libra will be very difficult following the existence of XRP. remember now with the position of XRP that has exceeded far above libra. although maybe libra will be famous for having collaborated and brought the name from Facebook but Libra needs a long time to be able to match the price position of XRP. not to mention later when there is a problem that can make Libra prices go back down, automatically the process of returning to its original position will also take a fair amount of time too.

[wanted sliter]

I think If Facebook's coin could be released, it would become one of the biggest altcoin at the moment. Even bitcoin would hardly comparable.
So that, if Libra comes online, I have no doubt that it would change cryptocurrency market!

[bitgolden]

First point of correction, it is impossible for both to become the currency of the world, because for a currency to become a unified one, then it must win the support of the majority of the world leaders, I mean presidents who must append their signature and agree to use such currency, and I really doubt if there is ever going to be a time that these people will ever agree to use same currency, because everyone has their own interest.

I just read today that china is trying to build their own cryptocurrency too which I am not sure the new will be true, but let us assume there is element of  truth in it, china would rather prefer to have their own currency for the citizen, while other countries would do the same too. So just forget about these two coins becoming world’s coin.

[jawatulen]

I think If Facebook's coin could be released, it would become one of the biggest altcoin at the moment. Even bitcoin would hardly comparable.
So that, if Libra comes online, I have no doubt that it would change cryptocurrency market!

but you must remember without bitcoin, libra will never born
maybe libra will replace xrp or other alts, but i believe libra will not replacing bitcoin as the king of cryptocurrency my friend

[PuertoLibre]

Both coins are centralised and there is a risk of re-org in both blockchain-ledger. Facebook is not going to let the anonymous investors invest in the Libra and the requirements like KYC, AML will be more inconvenience for the crypto investors. XRP has the highest transactions per second feature and it is extensively used by big banks, payment systems that want to test the efficiency of the blockchain based payment transfers.

[Rohtox]

Point of correction, Libra is no longer facebook coin but a coin which belong to a group (facebook, coinbase, some institutions etc) and it have no concept to take the place of BTC cause it will be pegged to some fiat currencies as it was stated in the white paper.

1st of all, thanks for your correction 

...Besides, ot also a centralize coin but the coin will definitely replace XRP.

May i know what makes you sure that LIBRA will definitely replace XRP?
In my Opinion XRP is "have more power" than LiBRA because XRP already backed by many banks in world wide.

[sorrros]

Libra is probably danger to Bitcoin not to XRP.
Nobody cares about XRP in 2019, heard about many partnerships but noone is really using XRP token.

[louisBSAS]

Let's wait until Facebook releases Libra, then we will compare it with other projects and coins. At this stage, we have only promises and it is foolish to compare them with already working projects.

[kevinzxz]

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?

it is very difficult to compare Libra and XRP, because Libra only provides concepts and does not yet have a product, so in my opinion XRP is still better than Libra, because XRP is a project that has been older than Libra, thus making people believe to use XRP project rather than Libra, besides that XRP already has a product and of course XRP project has progressed.

[tonyvo2017]

No, I think Libra is a difficult business. latecomers are always unable to gain a large market share easily, they have to spend big money to get it.
I still think in the far future, both will coexist in a market because both are big businesses and it is difficult to be defeated.

[digitalblock]

Of course BCC is a very strong opponent of Ethereum. BCC steps forward huge distances and the price of this coin is dynamically growing.

[VIP BTC]

I don't know much about Libra coins, but I think the concept of Libra and Ripple will definitely be different, because libra is likely to be made in bulk, given a large number of Facebook users in the world, and the price of Libra will be pushed in the form of stable coins, so users can take advantage Libra and Facebook as a form of reward.