/biz/ - Business & Finance

Coinbase listing is cool, but you know what's cooler? handling all the payments on the web! Ripple speaks to an industry that is worth trillions of dollars.

>>5663101
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>>5662695
>>5662666
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Bitcoin is dying. Merchants are dropping it and no one is using it for payments anymore.

Ripple is the future.


First institutional use for XRP was announced days ago:


"In a precedent-setting moment, Cuallix became the first worldwide institution to use xRapid — Ripple’s solution that utilizes XRP as a liquidity tool — to reduce the cost of sending cross-border payments from the U.S. to Mexico."

https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/

>>5656975
It's more decentralized than Bitcoin and it's the future of payments


.
Bitcoin
-One company has more than 50% of the hashpower (Bitmain)
-One oppressive country has more than 50% of hashpower (China)
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents (Bitmain)


Ripple
-10s of validators run by reputable non-related public and private entities in different countries (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-At least 80% of validators must agree for a ledger to be validated
-double spending not possible
-Anyone can run a validator and use his own list of validators

>>5656450
and it's the future of payments

>Ripple will fall alongside Bitcoin

hahaha I can smell your fear

Ripple will dethrone Bitcoin in 2018. Bitcoin is dying. Merchants are dropping it and no one using it for payments anymore. It's nothing but a speculative bubble now. PoW is a broken garbage that relies on inflation or outrageous fees.
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XRP will actually be used in real world. It will penetrate markets measured in trillions, not billions.