Libra vs XRP

[Abiky]

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. 

Exactly. Those are one of the key differences between Libra and XRP. While Libra's focus is to be a stablecoin for the masses, it nearly serves the same purpose as XRP. This is largely because, both cryptocurrencies are centralized aiming to bring micropayments to the world via the use of Blockchain tech. XRP may not be backed by anything, but it has wide-spread support from major Banks worldwide. In terms of scalability, XRP can perform nearly the same TPS as Libra since they're both centralized. Some tweaks here and there should make XRP as scalable as Libra.

Still though, the launch of Libra by 2020 is highly uncertain as Facebook gave a notice within the SEC that it may not launch after all. This is probably, because regulations are too fierce for Facebook to comply with each and every one of them for Libra's legality within the mainstream world. If Libra never launches, then XRP will be in the lead of centralized payments for a very long time.

Nonetheless, in case Libra becomes a success, it may have a hard time trying to overcome XRP since it has first-mover advantage like Bitcoin and Ethereum. Despite this, Libra could serve well as a stablecoin for the masses that would enable mainstream payments while XRP will be the ideal system for Bank-to-Bank transfers worldwide at the lowest costs possible. Both Libra and XRP are against the very foundations Blockchain technology was created for. Which is why, no one knows what their outcome will be in the future as they could either fail or succeed by then. In the meantime, XRP is doing well despite being a centralized cryptocurrency. Being the world's third largest cryptocurrency by market cap, has a lot to say about it. Just my thoughts

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[renault18turbo]

All crypto can't fight against XRP. Ripple partnered with MoneyGram, did you here from other projects such adoption news?

[prehisto]

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.

NO, they are fundamentally different. They purposes are completely different. Libra will be targeting small txs for every day use , with largely collecting your transaction history and then using it.

XRP is something that is aiming to replace SWIFT.

[danherbias07]

Okay so there should be really a choice here right?

I'd pick XRP over Libra.
XRP dont have an application like facebook which could also trace your relatives if something goes wrong.

I dont want that.
My problem should stay with me and I dont want them bothering amyone who is close to me.

I think that is one of their difference and also of course trust.
In crypto world, XRP dominates while the other will use his social media company to get what he wants.

[pakdemaco11]

it is likely that xrp investors will move to libra. libra is a big threat to xrp but not to bitcoin. if libra is really launched i am sure xrp will really crash.

[Sirait]

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.

absolutely right, Libra coin is the combined result of many companies including Facebook and maybe because Facebook is the biggest company of all involved they give full rights to Facebook as a product marketer.

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.

agree with you, before Libra really online.. everything we say is just a prediction and maybe it will not happen.

[Leo]

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

same as Xrp,  it's not decentralized,  it's a centralized token,  but I don't think Libra will be more centralized or be centralized like Xrp, let's see how it goes though  after lunch

[guoyu78]

it is likely that xrp investors will move to libra. libra is a big threat to xrp but not to bitcoin. if libra is really launched i am sure xrp will really crash.

There is absolutely no doubt about this fact that ripple will really become a thing of the past because to me, ripple as even been an artificially pumped coin to me, because I don’t see where their volume is coming from, but on the other hand, Facebook as a very large community that would accept their technology and then make it highly have a record that will supersede that of Ripple.

Unfortunately, it seems that ripple prayer has been answered as Facebook may really not be able to launch that project because it seems that the project is not only a threat to some of these cryptocurrencies, but also kind of a threat to the world economic power as many of these government fears that they could lose their power to Facebook owner, so there has been series of attacked from every corner of the world against the cryptocurrency.

[Pet240]

XRP and Libra, although centralized, they cannot be the currency of the world, why because they are controlled by particular set of people and not by the government of any nation or control. So, if there is going to be a unified digital currency, another one might be created.

[akram143]

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?

I think nipple is more than the Libra currency because it created very recently but the potential will be definitely not estimated by anyone so if we wait for sometime then we will see the result how the Libra is performing and how people accepting it will decide the value also.

[setialovers]

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?

If Libra Coin becomes a launch, I think XRP will have difficulty competing with Libra Coin. With the support of the biggest social media in the world, namely Facebook and also platforms like WhatsApp or Instagram, Libra Coin has the potential to become big. In addition, Libra coins have partnerships with Master Card and Visa so Libra coin holders can shop at merchants more easily

[ancafe]

Libra vs XRP, maybe the more appropriate libra and the best friend xrp. All is centralized coins, not cryptocurrency. For me, i will stay away from these 2 coins. People still trust both but if they learn more about crypto he will realize, this is shitcoins

I think those two coins will be good going forward. we know that XRP currently has a low price. that is because there has been no price recovery from altcoin. however, when compared to libra, I think people will choose libra. of course because libra is a stable coin, and will most likely be recognized by almost all facebook users. besides, there are many advantages when libra has been launched later.

[Febo]

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?

Not only XRP but also many other altcoins. Libra will not be as is is planed right now, but will evolve way wider. XRP and other coins will simply not be able to compete with Facebook marketing and reputation.

[Meysa_richa]

Maybe LIBRA will excel, because this coin is controlled by Facebook and several other large companies that are members of the Libra Association. The Libra Association or Libra Association is an independent, non-profit, 28-member company. The association is based in Geneva, Switzerland, and will oversee the big decisions regarding Libra digital coins.
Whereas Ripple is a cryptocurrency that cannot be regulated by any institution (organization), government, or even its creator.
Has advantages over other Crypto coins, namely cheaper payments, and faster payment.
Then we just wait for what will happen later, if the two coins are already both running.

[Lanatsa]

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?

No one is certain when we do talk about the future but these possible stable coins would still exist on future years to come on high chances.

Libra isn't launched yet but this would tie out with centralized XRP as well in the entire marketshare and I wont really be surprised with that.

[guydin]

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?

Gosh, how can we know anything until we tried it? Ripple is used mostly by banks. Libra token is more a social project. They have different aims. I can guess that by its popularity, Libra can become a leader in a year even. By the market capitalization, Ripple will be up - too many rich organizations cooperate with Ripple and invest their money in it.

[whyrqa-1]

So ripple found a real competitor for itself, but so much has recently appeared a lot of information about the fact that the Libra will not be launched, the Ripple will still emerge victorious from this battle.  Although it seems to me that it is the technology itself that is most interested in some companies, and not the XRP  coin itself.

[Abiky]

Okay so there should be really a choice here right?

I'd pick XRP over Libra.
XRP dont have an application like facebook which could also trace your relatives if something goes wrong.

I dont want that.
My problem should stay with me and I dont want them bothering amyone who is close to me.

I think that is one of their difference and also of course trust.
In crypto world, XRP dominates while the other will use his social media company to get what he wants.

Same. Personally, I wouldn't prefer Libra over XRP, because Facebook is well-known to invade people's privacy. While both cryptocurrencies are centralized, XRP has at least greater respect for users' privacy than Facebook itself. In terms of dominance within the financial sector, XRP is in the lead by a long shot. There are many Banks which are partnered with Ripple, aiming to improve our economy for the better. While XRP is volatile (unlike Libra), it has a greater advantage than Libra because of its first-mover advantage. In case Libra never launches, we'll still have XRP where Ripple can decide to issue a stablecoin of its own if it desires anytime.

Despite these facts, neither XRP nor Libra will be able to overcome Bitcoin anytime soon. Their level of centralization greatly defeats the true purpose of Blockchain technology. Still though, both Libra and XRP would do great in the mainstream world as they transform our current monetary system. For both of these cryptocurrencies to reach their potential, they would need to have the "green light" from most governments worldwide. So far, Libra has been having a hard time keeping up with regulations while XRP is already regulatory-compliant (as far as I know). Which is why, the odds of Libra becoming a reality seem to be smaller each day.

Nonetheless, as both Libra and XRP are centralized they'll be able to reach massive TPS far beyond reach of decentralized cryptocurrencies like Bitcoin and Ethereum. This would allow them to be massively adopted by people in the mainstream world, as fees remain low and transaction speeds remain relatively fast on the network. But Libra will be used more like the USD, while XRP would be used more as a speculative asset in the long run. Just my opinion

[SquallLeonhart]

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.

I think I would have to agree with you on this, I haven't been a fan of xrp right from it is onset and I will never be a fan as long as I know that the project is not decentralized but centralized, I think libra has more chance of survival because of the backing it has, we all know that Facebook is a big company and mark has a huge influence in the world at large, unlike ripple that struggle so much in other to gain traction in the crypto sphere. Libra coin is no treat to bitcoin in anyway because they are going to coexist.

as both Libra and XRP are centralized they'll be able to reach massive TPS far beyond reach of decentralized cryptocurrencies like Bitcoin and Ethereum.

With the evolution of lightning-network kind of third party integration, I guess centralized cryptos cannot enjoy and cannot attract adopters/investors anymore.

[Abiky]

With the evolution of lightning-network kind of third party integration, I guess centralized cryptos cannot enjoy and cannot attract adopters/investors anymore.

Maybe. But, it's said that some altcoins will still exist even after the success of Bitcoin's Lightning Network. After all, XRP being a centralized cryptocurrency, has performed 10x better than most altcoins without the need of the Lightning Network. Transactions are dirt cheap, and fees are ridiculously low thanks to the consensus algorithm used by XRP. Of course, both Libra and XRP will have their distinct purposes within the mainstream world. One will be used as a stablecoin, greatly mimicking the US Dollar, while the other will be used as a means to facilitate payments between Banks worldwide.

Whenever Libra launches by 2020 or not, it's yet to be seen. But if it becomes a reality, it would need to face some stiff competition especially from centralized cryptocurrencies and traditional payment processors. Given that XRP has a lot of Bank partnerships, and an already established user-base, it'll be hard to outpace it. Despite this, I believe that both cryptocurrencies will head their separate ways as they'll be used for unique purposes in life.

Nonetheless, we can only compare Libra vs XRP directly once Facebook's digital currency becomes a reality. Only then, we can measure TPS and the level of user adoption among both cryptocurrencies, in order to determine which is best from the other. Even so, Libra will be completely different from XRP because it'll look more like a real US Dollar (USD) instead of a cryptocurrency. Just my thoughts