What would it take for XRP to become widely used as a payment method?

[stephanirain]

The truth is this: not this:

Nothing is wrong to creative in expressing opinions. But it is kind of a down to only express it with two pictures. Bitcoin and Ripple are far more greater and not simple just to be express like that. Bitcoin itself is really great because it more likely won't be gone in the future and will recover eventually every time the prices decrease. While Ripple is also great in a way that even though it's price isn't that high compared to bitcoin, it managed to survive amidst of this cruel market.

[X-ray]

XRP is centralised coin which most of us here are really against. Truth is, this coin have such a weak community that I could barely see people accepting XRP for payment. You see so many forums out there that have individual merchant are accepting BTC, ETH or even DOGE but none of them accepting XRP. Why? because this coin is not  generally being used for trading and none of this XRP users asked the merchant to accept it.

[letyouearn]

Don't think they will use Ripple coin itself for the payments. More likely that will be some kind of centralised bank token based on Ripple blockchain. And some chargeback mechanism should be presented there.

[AmoreJaz]

The truth is this: not this:

Nothing is wrong to creative in expressing opinions. But it is kind of a down to only express it with two pictures. Bitcoin and Ripple are far more greater and not simple just to be express like that. Bitcoin itself is really great because it more likely won't be gone in the future and will recover eventually every time the prices decrease. While Ripple is also great in a way that even though it's price isn't that high compared to bitcoin, it managed to survive amidst of this cruel market.

reality hurts! but that's how things are going. ripple is not a common payment method that we usually see. it really is bitcoin. but it depends on the ripple team how they will expand their market. since it is centralised, they have full control on what will going to happen to their platform. either develop it to the fullest or just go with the flow?

[NotATether]

a coin with such high volatility can never be used by private businesses as payment. we all understood a long time ago that the price is constantly being manipulated and as a rule, these manipulations are very sharp. you can’t pay for the car with XRP because tomorrow or in an hour it can cost 2-3 times cheaper.

It's really frustrating that the volatility of a coin is all it takes to make it unsuitable for payments. What is needed for a true decentralized cryptocurrency to be used like that is that it becomes almost stable, as in issuing some other coin as a collateral. I could talk about any altcoin being pegged to a collateral but since this thread's about XRP, someone could have an XRP balance with bitcoin as the collateral if the price of XRP ever drops, then the remainder can be taken from the BTC balance. and if it goes up beyond the expected balance, I take away the surplus XRP and put it in the collateral unspendable BTC balance.

The key is that the collateral cannot be spent, only the XRP (or any other altcoin). What do you think of this?

[nicolas1979]

When include " Pay with XRP " of course refunds can done using XRP or currency. Complete system will set for all activity. XRP have potential opportunity to adopt and this is good news for us, the problem is only about extensive introduction and regulation. With out that people will keep away from XRP and will choose currency for economic activity, that's bad.

[Obito]

I think XRP needs a solid partnership maybe a high profile and reputation company or directly endorse by the government, this coin will fly. But the question is, will that happen? The rumors about XRP being centralized I don't think government will partner with them but who knows. I tested and been using XRP across exchanges and wallets, it is really fast and cheap, good for arbitration its TPS is faster than bitcoin and ETH.

I do think that it is possible at some point. However if it would be ever getting a chance of getting allowed to be partnered with the government then their will be a wide to others. Creating to have some similar features to XRP and filling up the shortcomings it had. But the catch is that, if it is possible then why it haven't done before? Maybe there are doubts out there.

[nicster551]

XRP has a better chance of going mainstream than larger coins such as BTC or ETH, because it is maintained by a centralized company and people usually look for a company that can provide support for it.

I'm looking to see how stores would be able to put a "Pay with XRP" button on their websites just like Paypal.

XRP is not worth a lot of money so most things will be priced in units of XRP which is another advantage that larger coins do not have.

How about refunds? Most people want or need to make refunds on their purchases so would there be a way for Ripple to bear the loss of that and issue those?

That is true that XRP is very centralized in every way and that was the reason I didn't hold XRP for too long. This is blockchain man, decentralization must be the first to take place. The main reason why people dont want centralized coins is that it have a high probability of being greedy team members. I must say bitcoin will be the highest chance to become mainstream in the future, they have all what it takes and take note that they have the best developers in the space working hard to fix the flaws the bitcoin chain have.

[Railai]

Lower their tresholds. 20 XRP is way too much, at a moment it can cost a lot just to use it. Crypto should be free for being used.

A more use of it will also help in burning more XRP. Anyway if you look at denomynations BTC vs XRP, xrp goes way better total supply denomynated vs btc.

I am a XRP fan,  I hope they will break the 10$ at a future point soon

[Samayuki]

Ripple already got what it takes to become widely used as means of payment because it's centralized, on January 21 the news about Tranglo (Alipay partner) integrating ripple cross border payment technology already surface on the web, it's only a matter of time, slowly but surely

[Lagduf]

The truth is this: not this:

I just hope that OP will see the truth that is happening right now if even the partnership who will use xrapid didn't even interested to use ripple as a payment system. Honestly, i like your picture. That looks very nice and matched with the fact that happened in our real life.

[GideonGono]

The truth is this: not this:

I just hope that OP will see the truth that is happening right now if even the partnership who will use xrapid didn't even interested to use ripple as a payment system. Honestly, i like your picture. That looks very nice and matched with the fact that happened in our real life.

Actually because they still believe in bitcoin or I can say that Bitcoin has a future for currency and not the altcoins but we can use altcoin as an alternative use of payment soon. We can see what the contribution of ripple by also the reducing fee and it is too good that we cant lose a huge money than using bitcoin. We are not sure for the future of ripple but for bitcoin, we can.

[Marble777]

well maybe in the future XRP companies can overcome their cost problems, now XRP is developing well because many companies use this centralized coin for transaction services. But if pegged at a price like other crypto, then XRP will not be able to, companies that use XRP because these coins are centralized and cheap to conduct transactions.

[isaac_clarke22]

Never saw a lot of XRP getting accepted here in my country and I even doubt that it will be adopted here for the next 10 years due to Bitcoin's slow adoption to merchants here.
On the other side, I researched some establishments or online services that accept XRP payments. I still don't have any experience with these service though.
Site: https://cryptwerk.com/pay-with/xrp/

[shoreno]

Never saw a lot of XRP getting accepted here in my country and I even doubt that it will be adopted here for the next 10 years due to Bitcoin's slow adoption to merchants here.
On the other side, I researched some establishments or online services that accept XRP payments. I still don't have any experience with these service though.
Site: https://cryptwerk.com/pay-with/xrp/

on your country yes because you said the adoption of bitcoin was also slow but to some country  that bitcoin is fast growing , they also start to add other cryptos including xrp  .  on the online world i see many platforms already accepted xrp as one of the payment option  . xrp was i think faster than btc and stable a little bit which makes it good for paying   .  xrp does not need to make a make over or tweaks because xrp is already fine on what it have right now  .

[NotATether]

The truth is this: not this:

I just hope that OP will see the truth that is happening right now if even the partnership who will use xrapid didn't even interested to use ripple as a payment system. Honestly, i like your picture. That looks very nice and matched with the fact that happened in our real life.

OK you convinced me.   Ripple even changed the name of xRapid and all its other products to something else. Also I just realized that I can't even visit their website without a proxy. How could they block entire countries from using their altcoin?