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Author Topic: Libra vs XRP  (Read 6183 times)
DabsPoorVersion
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October 21, 2019, 06:01:42 AM
 #81

When compared to these two coins, I predict Libra is superior, because libra is a stable coin, almost certainly more accepted
globally by the world. Unlike xrp which is not a stable coin so the price is more volatile. Then excess libra compared to xrp
was created as an alternative payment like fiat USD. So you can be sure of the libra's future can be used to make payments
in marketplaces such as amazon, ebay, alibaba and of course it can be used make various daily bill payments. While xrp is not
possible because it is not included as a stable coin. The advantage of xrp is only one compared to libra, which is that as an
asset for trading on exchanges, can get large profits if we invest in xrp.

Agree, if it is launched, I think Libra Coin can beat the value of the XRP market cap. Support from Facebook certainly affects investor confidence and if it is launched, Libra Coin could dominate online transactions in the future
As for now this vision is still out of sight, as the obstacles that they are facing right now, their partners are pulling out one by one, and their other partners are starting to doubt the project.
If this will continue, the possibility for libra to crash is high. They cant dominate the market if this wont be solve.


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October 21, 2019, 06:19:35 AM
 #82


As for now this vision is still out of sight, as the obstacles that they are facing right now, their partners are pulling out one by one, and their other partners are starting to doubt the project.
If this will continue, the possibility for libra to crash is high. They cant dominate the market if this wont be solve.
Since libra been a hot topic here in forum for quite  a long time then it tends to compare in differerent stablecoins to XRP in terms of money transfer. Libra still have many potential to launch despite of back-out of big partnership since some thinks Facebook alone can monitors and make it succeed. But XRP is already one of top coins and been surviving in the volatility of the market so I also think Libra can't outrun XRP just because it is launched, they still need to solve all the disputes they are in now and the future to face XRP.



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October 21, 2019, 06:50:13 AM
 #83

I think it's too soon to say Libra will threaten XRP. because XRP has been around since 2013 and has become the dominant coin in the crypto market. already has a large volume of trade and community. while the new Libra will be released, we don't yet know how and what it looks like. even now there is already a lot of negative news about libra. Libra repudiation from European countries and the United States. and some large companies that support now either choose to leave or don't support libra. so I think XRP will stay ahead of Libra.

 
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October 21, 2019, 07:07:55 AM
 #84

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? Huh

neither one because they are both centralized and your question is exactly similar to asking whether Paypal would become the "currency of the world"!
obviously these centralized monies have their place in the world and it won't change any time soon if ever. but they won't become dominant in the world, ever. there are always better solutions such as fiat and decentralized bitcoin.

if the comparison is only between XRP and LIBRA then obviously Libra is the winner because unlike ripple, facebook isn't a shitty small company running a shady business. although Facebook has its own shadiness but it is a gigantic company with a recognized brand.

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Whales are those who keep buying the dip.
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October 21, 2019, 07:24:12 AM
 #85

......
if the comparison is only between XRP and LIBRA then obviously Libra is the winner because unlike ripple, facebook isn't a shitty small company running a shady business. although Facebook has its own shadiness but it is a gigantic company with a recognized brand.
Libra is a currency that is planned to be issued by a well-known company, "Facebook". But many European countries oppose the pros and cons of the Libra project. Finally I heard that Libra will comply with US regulations which also prohibit the realization of this project. If Libra can be realized, then I'm sure Libra will be a tough competitor for other crypto companies including XRP. But right now I'm not sure that Libra will realize this project in 2020. What do you think?

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November 02, 2019, 01:08:44 AM
 #86

neither one because they are both centralized and your question is exactly similar to asking whether Paypal would become the "currency of the world"!
obviously these centralized monies have their place in the world and it won't change any time soon if ever. but they won't become dominant in the world, ever. there are always better solutions such as fiat and decentralized bitcoin.

if the comparison is only between XRP and LIBRA then obviously Libra is the winner because unlike ripple, facebook isn't a shitty small company running a shady business. although Facebook has its own shadiness but it is a gigantic company with a recognized brand.

Of course, the aforementioned cryptocurrencies are centralized without a doubt. But being similar, they can compete against each other for supremacy. So far, Ripple (the company) is new to the mainstream world while Facebook has been established for quite some time. It has the experience to move on with anything, unlike Ripple. With an ample user base, and plenty of capital, Facebook's Libra can easily take down Ripple's XRP in an instant. The real deal would be governments and central banks worldwide, since they're afraid that Libra can replace the current economic system. They don't worry much about "XRP", since Ripple company is still small compared to Facebook (which is a social media giant). Facebook has greater capital than Ripple itself, allowing it to build a robust Blockchain system that can withstand the test of time. With this, Facebook's Libra will be capable of achieving greater TPS and than XRP.

Nonetheless, it's no secret that Libra hasn't launched yet. Which means that XRP will still be in the lead of centralized DLT payments for quite some time. The regulatory pressure will make things difficult for Facebook to be able to release its stablecoin to the public. Ripple's XRP will continue to be prominent in the world of finance with its bank partnerships, until Facebook or another mainstream company decides to threaten its existence. Just my opinion Smiley

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November 02, 2019, 05:32:12 AM
 #87

yeah i think the presence of libra coins can indeed threaten ripple because both of them are blockchain centralized coins. and both come from a company not based on mining. but the ripple now ranks third in the top coins and already has a large capitalization and trading volume. so in my opinion it's quite difficult for libra to defeat the ripple. and we also do not understand that libra will be released properly next year or not because until now libra continues to be attacked by bad news.

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November 16, 2019, 08:43:28 PM
 #88

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? Huh

Libra is a new crypto plan that will work with world banks, while XRP has been running it for several years. I think if XRP increases collaboration with many companies, of course XRP will be superior to Libra. Although Libra is supported by a Facebook company.

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November 22, 2019, 04:18:07 PM
 #89

Libra is a new crypto plan that will work with world banks, while XRP has been running it for several years. I think if XRP increases collaboration with many companies, of course XRP will be superior to Libra. Although Libra is supported by a Facebook company.

Although Ripple has the collaboration of many companies, I think that Libra would turn out to reign supreme upon launch. This is because, Facebook is a well-recognized company within the mainstream world. Not to mention, it has a lot of capital to sustain its global blockchain ledger. This would allow Facebook to form partnerships with renowned companies in order to increase mainstream adoption of the Libra stablecoin.

Despite this, it seems that Libra won't become a reality in the long run due to regulatory pressure from worldwide governments. In this case, Ripple's XRP has already won as it's a centralized cryptocurrency with a lot of partnerships from worldwide banks. Without a direct competitor, Ripple can work with banks in order to transform our economy as we know it. Perhaps in the future, if XRP becomes highly successful, we'll be able to see stablecoins living on the XRP ledger that are issued by mainstream companies and central banks alike. This would be largely possible with XRP than Libra, since after all, Ripple has regulatory approval from worldwide governments.

Nonetheless, time will tell us if Libra will become a reality someday or not. In the meantime, XRP will continue to perform as intended by delivering frictionless payments at a fraction of the cost. If we were to compare both cryptocurrencies, then I'd say that they're likely the same in terms of transaction capacity. This is because their underlying consensus algorithms (as well as their centralized model) allow them to process thousands of TPS with ease. Just my opinion Smiley

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November 29, 2019, 08:03:03 PM
 #90

How come Libra vs Ripple you make discussion, did you get how to buy Libra coin until today without have many information where we can purchase Libra coin, just make discussion price with altcoin have listing on exchange market, you waste your time with Libra without have new update with their coin, maybe team Libra have gone and Libra coin cancel opening or selling to public investor.
Lol, I get your points, it is better to focus and discuss more on projects that we can see physically and know the effect than project that is yet to be born and still facing lot of criticism from the government, but still at that, we cannot over look this proposed project coming from a well-known organization which we can be sure that the project will go ahead and be launched, and since we are at least 60% sure of its launching, I don’t think that there is actually anything bad in discussing it.

I also think the reason why the op chose to compare it with ripple is because they have similar operation based on what the team or developers have stated in their abstract and it is better we discuss it now to know if they will have our full support or not because without our own support, I don’t see Libra coin going anywhere, but I still prefer their own operation to that of ripple because it is still quite independent of government.

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