Is Ripple a better fit for payment solutions?

[shoreno]

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.

i better like xrp to become a stable coin but with the same existing feature it have now but the value of xrp is also rarely moving so most of the time its like we are using a stable coin when we use xrp and many people infact call xrp a stable coin .

i havent tried to use a real stable coin so i cant tell if they are more better in terms of speed and fees but i only mainly use xrp for gambling and many gambling site that i use dont support usdt because usdt is said to have problems with gambling regulation .

[bounceback]

Payment currency looking for many investor is have faster for transaction and have lower payment fees transaction. I think both feature on Ripple and become most expectation currency adopting for investor. I think with other currency have delay when transaction and take much fees payment like ethereum but by using ripple take few moment for sending coin and with lower fees transaction, now I think why many real project become ripple partner as currency transaction because become good way for their service by using ripple, maybe take few months later ripple become generally payment currency in many industries.

[target]

You may not read XRP updates because everybody hates the token for years but there are just a lot of going on to XRP, Flare is just one of the things that made the uptrend for XRP. The price and Flare airdrop I think are the reasons why users are happy about XRP. If it's the safety of the network and consensus protocol is going to be the subject for XRP, the network is still vulnerable to a simple attack. This statement comes from an article here https://news.bitcoin.com/new-paper-ripple-network-doesnt-meet-criteria-to-reach-consensus/

[Assam Kingsley]

To me I think I think a coin stability is an important factor to be used as payment solution. Ripple should work on that. As for low fees Ripple is better fit.

[Awalt541]

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

Utility of ecosystem is number one, so if that is crypto so we call how strong the system working, no big deal for comparing apple to apple since every crypto has good things.

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?

I believe it's was FOMO ,as you know those many comes for holder XRP(Ripple) to get some airdrops. In my corner they will be soon dump back to basic, cause we need the utility not feast at a glance.

[monineklutak]

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's trading volume in the market is on the rise, and is now in third position again and shifting USDT,
of course this is a good achievement this year, XRP is back to its bullish performance, and for payment solutions, I think XRP is also in it,
because there are many financial institutions. joined XRP, just waiting to be implemented, reportedly also XRP will be on paypal.

[Squezzi55]

There is a difference between a project that's meant for payment solution and a project that's meant to fix other crypto projects, XRP, BCH are good altcoins that are build for payment solutions in mind, affordable transaction fee, lightening fast speed, this is what Bitcoin don't have so yes XRP or even BCH are better fit for payment solution

[rahmatullah9305]

To me I think I think a coin stability is an important factor to be used as payment solution. Ripple should work on that. As for low fees Ripple is better fit.

The Ripple side know what they have to do for the best, they also don't want to turn off the existing product and are doing well at this point through the changes they will make later, believe me they are always working to make Ripple a good token and accept all solutions from others to consider.

[hatshepsut93]

If you look for quick and cheap transactions, you should use Visa or Mastercard. They're just as centralized as XRP, but at least they are well-regulated and have good reputation and are the leaders of payment industry, while XRP can exit scam at any day, or just simply fail because no one wants to use it - after all, there's still no signs of anyone actually wanting to adopt it. It has many of the downsides of decentralized cryptocurrencies and none of their benefits.

[sulis sudibyo]

No, high volatility and the original purpose of ripple are less favorable. because from the very beginning the ripple platform was only for banking support. they are more towards support, not outright players. so it is impossible for Ripple to be used as an online or offline payment solution.

I think the means of payment must come from stablecoins, but the average stablecoin currently looks centralized. maybe in the future there will be a stablecoin with the DeFi concept. This would be perfect because without a governing authority, but still safe.

[TheGreatPython]

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?

Both XRP and Bitcoin are good. Over the years there have been so many coins that were created to be better than Bitcoin when it comes to transactions, so many of them are faster: Litecoin, Ethereum, Ripple so many of them, and there’s one that is faster than all.

But, if we look at the main purpose at which they were created for – Bitcoin was created for transaction, while Ripple’s main purpose is to be used into transfer assets, and they want it to be used by institutions. Ripple is faster, but it is not decentralized like Bitcoin, it is a private owned and they even have offices in places like UK and Australia. Bitcoin is used for transaction more than XRP, nobody even use that.

[Iyeman]

To me I think I think a coin stability is an important factor to be used as payment solution. Ripple should work on that. As for low fees Ripple is better fit.

When it comes to the payment solution and the thing that matters a lot should be the scalability of blockchain. People are looking for the payment solution that can give them low fees or zero fees if it's possible.
Ripple is scalable enough to be used as a payment channel system. ripple have been working on it since a few years ago.
Stability is not an important thing. Liquidity and scalability are the most important things.

[bounceback]

Payment currency looking for many investor is have faster for transaction and have lower payment fees transaction. I think both feature on Ripple and become most expectation currency adopting for investor. I think with other currency have delay when transaction and take much fees payment like ethereum but by using ripple take few moment for sending coin and with lower fees transaction, now I think why many real projects become ripple partner as currency transaction because become a good way for their service by using ripple, maybe take a few months later ripple become generally payment currency in many industries.

I do agree with you, ripple has been knowing for it's a fast transaction and lower fees and these properties would help ripple to replace other alts with itself and that's why I do understand one thing and that is why so many great projects have been partnering with ripple. So there is no doubt about ripple and its features and it is better to fit for payment solutions.

This feature have by ripple and now many real project company brave to make ripple as partner, but how the next time sending ripple without use memo because this little disadvantage from ripple sending way, how many investors wanna try faster for sending without have use two time for input address and use correct memo, its look very fatal mistake when sending by using wrong memo, maybe will sent to other wallet. I think just put address only when sending ripple is enough than have complicated with using memo number and look all exchange need to use memo when sending ripple.

[wxa7115]

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

If what you care about is obtaining profits then I can see why you like Ripple as a project, its is a project that has been in the market for a long time, it has given substantial profits, it has relatively cheap transactions and we could go on about the good things that Ripple has, but there is a reason why that coin is not liked by a great deal of the members of this forum and it is because is centralized.

So all of those good characteristics that we said about Ripple before do not matter because Ripple is no different than any other bank or institution that already exist in the world, there is no innovation there since it is like every other thing that came before it, and while many think that ideology does not matter, it does matter when those centralized coins can just freeze your account and stop you from moving your money, and that's when people finally begin to appreciate the freedom that bitcoin and other decentralized cryptocurrencies bring to the table but at that point it will be too late.

[gribalenfeksiyon]

ripple is a very high quality project. I had a lot of ripple investments. I am one of those who think the price will increase. but lately there are reports that ripple investors will suffer a big loss. need to be careful.

[amishmanish]

Ripple is exactly what the name suggest. A RIP-OFF!!

Its not even a cryptocurrency. They have pre-mined 100 billion of them and allotted it to themselves. There is 45 billion in circulation and they will keep selling an additional 55 billion over the next 4-5 years. It has made the founders rich but there is literally nothing underlying it than marketing and a few connections.

People who market buy ripple are basically stupid who fall for the "under 1 dollar price". It is non-mineable, the foundation only sells it to its own customers. All this they accomplish by bragging about the price of XRP which is maintained by the idiotic small retailers buying and selling it on exchanges thinking it has got some value. One must though marvel at the way the founder's have pulled off this scam and given it a place in common lingo and media.

[bounceback]

Any one wanna received snapshot coin from ripple by holding xrp until 12th December will received spark coin should read term of service again and looking announcement with spark token rule, I hear first time distribution only give 20% for all xrp holder and then distributed 80% few phase so you need waiting long time to get all spark token. I think this snapshot look not potential and the same happen when you hold trx and earn jst because there are many investor loss their money with jst distributed take time more than two years for complicated distribution all coin snaphot.

[Pom_bensin]

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

In terms of using XRP, it is feasible to be used for payment, but the current problem with XRP is that the market has not found a price that has experienced a high increase. so maybe that's XRP's problem right now.

[cryptopediabd]

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?

I like ripple to be a good stable coin but now xrp is moving up. Most of the time xrp is stable cryptocurrency.

[bounceback]

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

In terms of using XRP, it is feasible to be used for payment, but the current problem with XRP is that the market has not found a price that has experienced a high increase. so maybe that's XRP's problem right now.

After receiving and available to sell is not matter ripple become currency transaction but how come procedure in some company have waiting few days for financial counting before selling, so ripple will have lower price and make this messed up for company because their financial will be change if have lower payment if using ripple, I think need coin guarantee with stable price and should have potential to be higher price later without the same happen like xrp after raise higher price back down and need more than two year back to 0.6$ still far with how ripple higher price above $4.