Is Ripple a better fit for payment solutions?

[KimmyF]

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 know about the Ripple features but we know more about pump one after another altcoins. Very easy work to calculate that top altcoins will pump soon then all coins will dump. One last correction may be needed before the highest bullrun. Today the highest pump is Ripple 41 percent! The next topic will be about other coins when pumped.

[DabsPoorVersion]

If we look for the criteria if whether xrp is a better fit for payment solution,

It has the speed to initiate the transfer of money in just a few seconds, the cost of this transaction has less than any other crypto, compared to bitcoin and ethereum it is indeed a better fit for payment solution.

[Yaunfitda]

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?

That's always been the aim of XRP as far as I know, to be a crypto payment and their target? - a billion dollar remittance business that's why they have partnered with a lot of companies to really take a slice on that big pie. So it's not a threat to bitcoin per se, but it will be on remittance services such as Western Union or MoneyGram and others. It will continue to go up, as bitcoin is going up as well, sort of a trickle effect on the top 10 altcoins.

[Festac]

One of the biggest issues with crypto is high fees and ripple transaction fee is insanely low compared to many other crypto coins, Its not hard to see that Ripple is a more competitive money transfer technology, another reason why Ripple is a good investment is it's bank transfer technology, ripple fits better for payment transactions

[opeku]

Considering the low fees charged by the Ripple network for transactions and the speed they offer I did prefer them financial freedom always

[bitcoin31]

Ripple is one of the best coin right now in the cryptocurrency because the price for sure in the future will up.
I really like using this coin because there is a lot of benefits of using ripple and the main advatanges of this you can save transaction fees to this coin because the fees of the bitcoin and the ethereum is high now so people needs to find alternative way to save some money for the transaction.

[Ludmilla_rose1995]

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?

In my opinion, Ripple and Bitcoin Cash are more suitable as a means of payment. Ripple features a much faster transaction time than Bitcoin and Ethereum. For one international transaction, ripple only takes a few seconds to complete. and BCH only applies a transaction fee of US $ 0.067 per transaction. Cheap transaction fees are obtained from enlarging the block size used by bitcoin cash, which is up to 8MH, much bigger than the block owned by bitcoin which is still 1MB. With bigger blocks, bitcoin cash can also cut transaction times much faster.

[Kvalentine]

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?

Of course ripple was created with payment solution in mind, it's a perfect fit, right now ripple adoption is higher than many top altcoins, I think that XRP will moon better than many other altcoins when altcoin season starts, presently it's up to 30% gain for those who get in before bull started, since ripple was built for payment solution in mind it's a perfect fit.

[MCobian]

I totally agree that Ripple is indeed the best choice for payment, compared to Bitcoin and Ethereum. Because Ripple has very cheap
transaction fees and the transaction process is also fast. Then the price of Ripple is less volatile, it is relatively stable when we compare it
to Bitcoin and Ethereum. Moreover, Ripple is a centralized currency, so it is more acceptable to the government, moreover Ripple is
supported by many large banks from all over the world.

[raidarksword]

Yes, it fits as a payment solutions in my opinion because it has fast blockchain and low cost transaction fees wherein you can send and receive without hesitation to vice versa party and that's what we lack right now a speedy transactions. Though it is centralized but I still felt and love XRP and I used it in every withdrawal process on exchange platform because of fees and withdrawal process which I really like about. It is so timely that XRP is making a trend now and for sure holders are celebrating of every news there is.

[istiak2277]

Actually, XRP is much more different than BTC and ETH. XRP was designed to serve as a jurisdiction-neutral asset and like Ripple’s CTO said that XRP will be a key to an ecosystem of digital assets. I think a stable coin is much more suitable as a payments solution rather than XRP, XLM, or any other digital currency.

[1l1l11ll1l]

Actually, XRP is much more different than BTC and ETH. XRP was designed to serve as a jurisdiction-neutral asset and like Ripple’s CTO said that XRP will be a key to an ecosystem of digital assets. I think a stable coin is much more suitable as a payments solution rather than XRP, XLM, or any other digital currency.

Totally agree, XRP doesn't have enough credibility as a centralized coin. stablecoins on the other hand are much safer from inflation, and they can also be a definite measuring tool because their value is stable and does not decrease or increase.

[Xxmodded]

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?

Become alternative payment currency for cryptocurrency is not depend with how much price but the most important how faster process by using altcoin or bitcoin, I think best payment currency right now by using trx, have little fees transaction and process most faster than using other cryptocurrency. If you wanna use bitcoin or altcoin as your payment on store you can choose with trx, process sending faster and your costumer only get little time for waiting payment process, with xrp look difficulty by using MEMO number for sending coin to other wallet, if you use wrong memo maybe your payment will not credit anymore.

[Febo]

What are you talking about?

I am talking that Bitcoin is a cryptocurency. Coins that are mined every 10 minutes. Ripple is made from thin air and given or sold by a company. That is not a crpytocurency.

[Argoo]

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?

Ripple is very suitable for use as a means of payment, which is why it was chosen as this by the banking system.  Also, due to its low price and good functional characteristics, this coin is in good demand and popularity among individuals.  In recent years, it has also been growing well in price and has hardly dropped during the last correction.  Now the price of this coin is $ 0.63, that is, in two weeks it has practically doubled in price.  Perhaps the ripple fork scheduled for December 12 has something to do with this.

[Dragonfund]

Have we ever discuss how the traditional existing platform will ever accept crypto as mode of payment?
Xrp is very fast with little transactions fee, no doubt about that but how can we handle volatility.
This remain the top priority and that's why banks find it difficult to utilize Xrp, the technology is so efficient and reliable but u don't think banks are ready to deal with volatility in crypto space.
We can see VISA made partnership with USDC ethereum yesterday to roll out cards to its customers in the region of US since the stable currency is regulated in United state. This is why I do not think utilization of coins or tokens with volatility will see adoption anytime soon.

[Eddyc]

In my opinion XRP can be the best option for immediate investment for those seeking a quick return with high risk and this can vary from the ambition and strategy of the investor. However, there are other cheaper and more effective means of payment methods and XRP is not decentralized and the main objective of the crypto is decentralization.

[shata]

I agree with you. XRP is one of the fastest way to transfer cryptocurrency from one address to another. Everytime I withdraw money too, I convert any cryptoassets to XRP and transferring it to the local exchanger where I can convert it for my countries FIAT. It is undeniably one of the key for fast transaction payments.

But as of today, there are a lot of alternatives. For now I use USDT TRC20 as payment. Lesser fees and fast transactions too.

Overall, XRP or Ripple is better fit as a payment solution. If maybe in the future, it will become a stablecoin, it will be surely accepted as a way of payment from across borders as what is it used now. One of the problems of cryprocurrency specifically Ripple with very good use case is the volatility of it.

[Teraboy]

Actually, XRP is much more different than BTC and ETH. XRP was designed to serve as a jurisdiction-neutral asset and like Ripple’s CTO said that XRP will be a key to an ecosystem of digital assets. I think a stable coin is much more suitable as a payments solution rather than XRP, XLM, or any other digital currency.

If you are believe with what ripple's CTO said and then you shoud have learned more about XRP. he was shlling his coin and it's not a bit surprise if he was saying XRP will be a key for ecosystem of digital asset and that thing was BS. It will never happen. A garbage security coin tries to call itself as a key for digital asset.
A big joke from him

[Astvile]

Taking XRP transaction speed and fees I personally think XRP is a better fit for payment solutions in the crypto world. Sending XRP literally takes just seconds to reflect and the fees are extremely low.

Overall, XRP or Ripple is better fit as a payment solution. If maybe in the future, it will become a stablecoin, it will be surely accepted as a way of payment from across borders as what is it used now. One of the problems of cryprocurrency specifically Ripple with very good use case is the volatility of it.

This is what I've been thinking about XRP too, XRP already has the needs and it being a stable coin will erase the volatility in XRP which will then surely push XRP as a payment solution in the near future. This is the only downside I see and what's been keeping XRP to be accepted as payment method/solution in our world.