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Ripple and its XRP digital token have passed the recent bitcoin storm and cryptocurrency better than many others, supported by huge XRP earnings at the start of the year.
But ripple, a common name for XRP, has still struggled in the middle of an encrypted route of almost a year that has canceled over 700 billion dollars from the total market capitalization of cryptocurrency during 2018-Compared to a number of banks and financial services companies subscribe to Ripple.
Now, Ripple's technology chief, David Schwartz, has warned that cryptocurrency and blockchain technology must be improved before the dream of cryptocurrency becomes a reality.
Ripple (XRP) has become the second cryptocurrency in the world by market capitalization this year, surpassing the etereum.Getty
Ripple, bitcoin and other cryptocurrencies are considered as a medium of exchange and a store of value. However, the bitcoin bull race 2017, which saw bitcoin's price explode from less than $ 1,000 to nearly $ 20,000 in less than 12 months, dragging most of the other major cryptocurrencies with it, meant that the value deposit of many cryptocurrencies has far exceeded their use as digital currencies.
The expectation (and subsequent disappointment) that the adoption of cryptocurrencies as an exchange tool would follow the bitcoin rush contributed to the sale of this year's digital tokens.
XRP is down 80% from its peak, as most of the major cryptocurrencies re-adjust after the huge "bull" of last year. The price of ripple rose to more than $ 3 last year, up from just $ 0.006 at the start of 2017.
The wave of sudden ripple prices (XRP) in September was not maintained, with its value declining in November.Coindesk
Some now fear that the current problems of cryptocurrencies of clandestine exchanges, high risk& nbsp; and low-regulation environments and expensive tariffs could put people in need, even if these problems are eventually resolved.
"I do not want adoption to go beyond technology." It took a long time for the Internet to become the place for anyone to use it and it was not necessary to really understand the technology in detail to make it work, " Nbsp;Schwartz said at the Podcast of Internet History.
The difficulties in using cryptocurrencies, including ripple (XRP) and bitcoin, have been blamed for having slowed down adoption in recent years, with many & nbsp; "Google o Amazon for bitcoin "to make the process of buying and using crypto easier.
Others are however confident that the products supported by bitcoin and cryptocurrency like Bakkt, which should be launched at the beginning of next year, will help to stimulate adoption.
Ripple, which was created in 2012 by Ripple Labs (which contains over 60% of available XRP), stands out from many other major digital tokens by working directly with the established financial services industry.
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Ripple and its XRP digital token surpassed the recent bitcoin and cryptocurrency storm better than many others, buoyed by the huge gains of XRP at the start of the year.
But ripple, a common name for XRP, has still struggled amid a nearly one year encrypted route that has swept over $ 700 billion from the total cryptocurrency market capitalization over the course of 2018, despite a number of banks and financial services that have subscribed to Ripple.
Now, Ripple's technology chief, David Schwartz, has warned that cryptocurrency and blockchain technology must be improved before the dream of cryptocurrency becomes a reality.
Ripple (XRP) has become the second cryptocurrency in the world by market capitalization this year, surpassing the etereum.Getty
Ripple, bitcoin and other cryptocurrencies are thought both as a medium of exchange and as a reserve of value. However, the bitcoin bull race of 2017, which saw bitcoin's price explode from less than $ 1,000 to nearly $ 20,000 in less than 12 months, taking with it most of the other major cryptocurrencies, meant that the value deposit of many cryptocurrencies far exceeded their use as digital currencies.
The expectation (and subsequent disappointment) that the adoption of cryptocurrencies as an exchange tool would follow the bitcoin rush contributed to the sale of this year's digital tokens.
XRP is down 80% from its peak while most major cryptocurrencies are readjusted after the last bull rush last year. The price of ripple rose to more than $ 3 last year, compared to only $ 0.006 in 2017.
The wave of sudden ripple prices (XRP) in September was not maintained, with its value declining in November.Coindesk
Some fear that the current problems of cryptocurrencies in clandestine exchanges, high-risk and low-regulation environments and expensive tariffs can put people in need, even if these problems will eventually be solved.
"I do not want adoption to go beyond technology." It took a long time for the Internet to reach the point where it was suitable for anyone using it and it was not necessary to truly understand the technology in an optimal detail to be able to make it work. , " Schwartz told the Internet History Podcast.
The difficulties in using cryptocurrencies, including ripple (XRP) and bitcoin, have been blamed for delaying adoption in recent years, with many demanding a "Google or Amazon for bitcoins" to make the process of buying and using easier encryption.
Others are however confident that bitcoin and cryptocurrency products such as Bakkt, which should be launched at the beginning of next year, will help to stimulate adoption.
Ripple, which was created in 2012 by Ripple Labs (which contains over 60% of available XRP), stands out from many other major digital tokens by working directly with the established financial services industry.
