Is Ripple a better fit for payment solutions?

[Samayuki]

Ripple (XRP) plays a dual roles as a payment platform and a currency at the same time, this currency is better fit for payment solution than ethereum and Bitcoin since it's created to allow quick and cheap transactions out of the box

At this time of writing this post ripple is trading at 0.34$ with daily volume of 4billion dollars, in the last 24hrs XRP is up 14%, what's your take on this?

[Yudhisthir]

Ripple has always aimed at being the currency transfer and payment coin taking on swift for international transfers. They haven't actually decreased the swift transfer for all these years but they are a good tool for swing traders to earn money trading Ripple. The current price rise is along with the general bullish run is catalyzed by the prospects of airdropping of a coin to Ripple holders.

[Winscosinally]

Many hated XRP because it's centralized but it's performing better than many decentralized projects, I never hesitated to buy and hold in my wallet, I'm here for better performing altcoins and XRP is one of them, to me Ripple is better fit for payment solutions because of its speed and cheaper transaction fee

[kapalmabur]

Ripple is indeed a financial category altcoin with very strong fundamentals,
although ripple is not a DEFI but they are like DEFI, it's just that the system is still centralized,
XRP's performance for 7 days is very good, a 50% increase brings XRP to a resistance zone and if it breaks then we will see XRP at $ 0.5

[Winscosinally]

Ripple (XRP) plays a dual roles as a payment platform and a currency at the same time, is this currency better fit for payment solution than ethereum and Bitcoin since it's created to allow quick and cheap transactions out of the box

At this time of writing this post ripple is trading at 0.34$ with daily volume of 4billion dollars, in the last 24hrs XRP is up 14%, what's your take on this?

Also many don't know this yet but I'm glad to share, Ripple has gained the attention of major global banks such as standard Chartered and Barclays for international transactions worldwide, the idea of Ripple even got the U.S Consumer Financial Protection Bureau excited, they believe that Ripple can bring simplicity and openness to the financial industry.

You can read the article below more reasons why ripple is better for payment solution

https://nairametrics.com/2020/09/17/major-reasons-why-xrp-is-better-than-bitcoin/

[cryptonx]

Many hated XRP because it's centralized but it's performing better than many decentralized projects, I never hesitated to buy and hold in my wallet, I'm here for better performing altcoins and XRP is one of them, to me Ripple is better fit for payment solutions because of its speed and cheaper transaction fee

yes, this altcoins is a centralized crypto and if i'am not wrong thats mean the team can control it,
but today xrp price growing more than expected because its grow more than 30% mate, and hit about $0.42
hope this positive movements will continue

[Febo]

Is Ripple a better fit for payment solutions?

Nope. Ripple is a company that printed XRP and sold/gave it away. That similar to other payment companies in past. XRP is not a cryptocurrency.

[poodle63]

XRP always aims to be payment solution that's the reason why the partners with many banks and the reason why they are rather deemed to be 'centralized' by many people.

Many hated XRP because it's centralized but it's performing better than many decentralized projects, I never hesitated to buy and hold in my wallet, I'm here for better performing altcoins and XRP is one of them, to me Ripple is better fit for payment solutions because of its speed and cheaper transaction fee

ofcourse centralized will always have upperhand, it's just silly statement I mean what's stopping from using an even centralized payment processor like PayPal that doesn't need confirmation which even better than xrp in term of speed lol.

[Furryball]

XRP was created by Ripple to be a speedy, less costly and more scalable alternative to other digital assets and existing monetary payment platforms. XRP really fits for payment solution but many aren't to accept since things are somehow complicated with the project and it's also centralized

[Furryball]

Is Ripple a better fit for payment solutions?

Nope. Ripple is a company that printed XRP and sold/gave it away. That similar to other payment companies in past. XRP is not a cryptocurrency.

What are you talking about? XRP is the cryptocurrency native to the XRP Ledger, go on coinmarketcap to understand the difference between Ripple, XRP, and RippleNet, XRP runs on on digital payment platform called RippleNet which is on top of a distributed ledger database called XRP Ledger.

https://coinmarketcap.com/currencies/xrp/

[Balladtony77]

Yes Ripple (XRP) isn't bad at all, if not it won't make it to top 5 on coinmarketcap, centralized projects will have upper hand over decentralized projects because they are more open source and it will be easily implemented on Centralized payment solutions so yes it's a better choice for payment but there are many who hate this project and I don't just get why

[Harriti]

Ripple (XRP) plays a dual roles as a payment platform and a currency at the same time, is this currency better fit for payment solution than ethereum and Bitcoin since it's created to allow quick and cheap transactions out of the box

At this time of writing this post ripple is trading at 0.34$ with daily volume of 4billion dollars, in the last 24hrs XRP is up 14%, what's your take on this?

We all know that XRP is the top altcoins in terms of transaction fees and block processing speed.  I think it is not for this reason that the price of XRP soared.  The recent price pump of XRP is considered to be due to the formation of bullish factors in TA.  XRP also often has such strong pumps because their fomo community is very crowded.

[FireBallex]

There are many good altcoins like XRP in crypto space today and I'm sure that there won't be any payment solution company that will stick with just one major altcoin for payment, even alchemypay that's already trending in asian country are accepting many types of altcoins for payment so adding XRP to the list isn't a problem, XRP is a good altcoin

[Nalbo]

Ripple is still a lot volatile for general people to use as payment solutions. In my opinion for a crypto payment solution that would be truly global should be a much more stable. Not necessarily a fiat pegged coin but something that's much more stabler which is escrowed with multiple fiat and expansive metals.

[Twinkledoe]

XRP was created by Ripple to be a speedy, less costly and more scalable alternative to other digital assets and existing monetary payment platforms. XRP really fits for payment solution but many aren't to accept since things are somehow complicated with the project and it's also centralized

That's their usual complaint, XRP is centralized. But if you look at the advantages of this alt as payment method, fast and low fees, this is really suitable in the payment area. I won't be surprised if more merchants will start to accept XRP as payment method as this is a very convenient alt in this sector. So yes, I do agree that XRP is a better fit in payment solutions.

[passwordnow]

Bitcoin and Ethereum are categorized as store of value. But majority will choose Bitcoin than Ethereum. XRP as a payment, it's all on their development.
But if there's one crypto that suits as a payment, I'll choose those decentralized stable coins. They have a better valuing and stable price unlike any other alts like XRP.

[kayvie]

Yes, ripple is better fit in terms of having low transaction fee and its instant transfer. Xrp is actually designed for this and its goal is to become one of the payment option which is really good. I don't know why it is hated despite having this good feature, not because it is centralized it means that it is not worth it.

[abokhalel2]

I think bitcoin is a silly comparison. Bitcoin was the first and was recognized by many people, therefore it is used as a currency.

[JeffBrad12]

Ripple (XRP) plays a dual roles as a payment platform and a currency at the same time, is this currency better fit for payment solution than ethereum and Bitcoin since it's created to allow quick and cheap transactions out of the box

At this time of writing this post ripple is trading at 0.34$ with daily volume of 4billion dollars, in the last 24hrs XRP is up 14%, what's your take on this?

If we are talking about scalability and there are so many coins with better scalability than a ripple and these coins will be very suitable to be used as a payment solution. If you are comparing ripple with BTC and ether, yes ripple was a better coin than those coins in terms of scalability but this time it's not so scalable again.
I can mention one of them just like avalanche.
This coin has a better TPS compared with ripple.

[StephenJH]

The transactions in second are much higher in the XRP network and that is why many competitors have not tried to join the payment method partnerships. The Ripple is one of the fastest blockchains and the price will reflect the true value in the next 5 years unless another strong competitor enters the market. The payment processing feature of the XRP network is the main purpose why the demand by the majority of crypto investors increases every year after year.