[ad_1]
Due to the downward pressure on the market, XRP is currently trading well below the value of $ 0.50. This shows that it is down 2.92% against the US dollar and down 0.42% compared to Bitcoin.
According to Brad Garlinghouse, Ripple's CEO, Ripple is actually providing a fundamental way for banks and financial institutions to use blockchain technology.
He also added that this allows the use of cryptocurrency also for institutional purposes. Since there is a fundamental use, cryptocurrency will also increase in value in the future. In addition, there are many start-ups that in the future will want to use the ripple protocol to develop new solutions. This will certainly increase the number of cryptocurrency applications.
Ripple app development:
Recently, the company announced that it is developing a ripple payment app that will allow simpler transfers using the Ripple protocol.
Money Tap, as the application will be called, will be unveiled by the end of this year.
The CEO of ripple has repeatedly tried to undo all the rumors circulating on the ripple. He tried to induce positivity in Ripple. However, the cryptocurrency seems to be steadily declining. This is why investors are now worried about whether or not there is an underlying value.
According to the CEO of Ripple, since there are real applications of the Ripple protocol, it is not like other cryptocurrencies. It has a fundamental value. For this reason, it is arguing that in the future the Ripple value will increase significantly. For now, however, most investors are afraid that Ripple will continue to fall. Many investors have invested in ripple at the highest levels. It's already about 70% down from those higher levels. This is why investors are stuck.
With most cryptocurrencies appear to be recovering, it remains to be seen whether Ripple is able to penetrate the green territory or if it stagnates at the current lower levels. For now, however, even the words of the CEO, are not pacifying the cryptocurrency as it is still in negative territory and it does not seem that it is recovering much from the bottom that created.
Meet Ripple, the most practical financial network in the world
What are we, as a society, if we are not able to build solid relationships based on trust? This, and the honor should be in front of every social interaction involving human beings, including financial transactions.
As the world moves towards a more business-friendly way of doing business with cryptography, more digital, traditional banking platforms are slowly eliminating financial reach. Only those who are willing to adapt and include a more efficient payment system, which is both faster and safer, will be able to maintain the business and survive.
Ripple Price Today
The Ripple platform is one of those innovative systems. While it has been around since 2012, it continues to solidly support banks and financial institutions in an effort to provide more efficient and faster transactions that can be built around mutual trust between customers and the network.
Ripple is a project based on a small free software that pursues the development of a credit system based on the end-to-end paradigm. Each Ripple node functions as a local exchange system, so that the entire network forms a decentralized mutual bank.
In other words, the Ripple platform is a distributed social service based on the honor and trust of existing people in social networks in the real world. In this way, financial capital is based on social capital. A small version of the Ripple network would be an extension of the existing hierarchical banking system.
Ripple: an exciting and feature-rich network
To understand the role of Ripple in the crypto universe, we must evaluate its contributions to the industry. In addition to being one of the most famous digital tokens out there – also competing for second place in market share, behind Bitcoin, with options like Dash, Litecoin and Ethereum – it's also one of the most efficient payment networks for transaction finance in the planet.
Ripple technology, in fact, is better known for its digital payment protocol than for being a cryptocurrency. Since it was co-founded by Chris Larsen and Jed McCaleb in 2012, it has flourished, achieving worldwide recognition and market success through the digital currency, the XRP.
Ripple works in a decentralized platform that promotes money transfers in any form. It is open source and peer-to-peer and can work with different exchanges and currencies, physical or cryptographic, such as US dollars, yen, litecoin and bitcoin.
To function properly, Ripple implements Gateway support, which acts as a link in the trust chain between two parties who wish to make a transaction. Gateway is the credit intermediary, charged with receiving funds for public addresses managed within the Ripple platform. In Ripple, anyone can register and open a gateway that authorizes that person to be the broker for the exchange of currencies.
XRP (Ripple) is the associated cryptocurrency of the platform. It performs part of a bridge currency towards other tokens without discriminating between fiat and crypto, facilitating exchanges between different currencies.
According to David Schwartz, chief cryptographer of Ripple, today's payment systems are where email was in the early years & #.; 80. Each supplier built their own system for their customers and, if people used them differently, they could not easily interact with each other. The purpose of Ripple is to enable the connection of different payment systems together.
2012: Ripple is born
The original and intellectual authors of Ripple are Arthur Britto, David Schwartz and Ryan Fugger. They formed the Ripple Company in 2012 and released its initial version. The latest version or release was February 20, 2018.
The project is written in C ++ code, under the GNU / Linux operating systems (RHEL, CentOS, Ubuntu), Windows and OS X. We can consider Ripple as a real-time gross settlement, a currency exchange and a remittance network .
The first significant period of Ripple went from 2012 to 2013, involving OpenCoin and Ripple Labs. OpenCoin has started the development phase of a new payment protocol, called Ripple Transaction Protocol (RTXP), with Fugger's ideas, mainly transferring immediate money between two parties. At that point, the company had already created its digital currency, the XRP, in the same Bitcoin mold.
Subsequently, between 2014 and 2017, Ripple began to focus on the banking market, with Ripple Labs taking part in related projects. They experimented with an app for iPhone that allowed users to send and receive transfers between them. Since 2013, the Ripple protocol has been adopted by numerous financial institutions to offer an alternative remittance option to people.
The German bank Fidor was the first to use the Ripple network to allow cross-border payments in the first part of 2014. The American institutions Cross River Bank and CBW Bank quickly followed, and later, Ripple began working with Earthport .
From then on, success is followed, and major banking institutions, such as HSBC and Bank of America, use the Ripple protocol to perform operations in surprisingly fast times.
Ripple & # 39; s bread and butter: the consent protocol
Bitcoin, along with other well-known cryptocurrencies on the market, performs its operations with the work trial system. Others, like Nxt, use the game test; but Ripple implements the consent protocol.
The consent protocol validates the accounting balances and transactions in the network, improving overall integrity by avoiding double spending. The system will automatically eliminate malicious progress from morally obscure people who try to send a deal to multiple gateways.
In short, the protocol consists of distributed nodes that decide by consensus the hierarchical order of the transaction through a majority vote. You might think it takes a lot of time to complete. Well, five seconds are not quite a lot, right? Ripple is a decentralized platform because it does not involve any central governance or authority in any part of the process.
While the transactions are all made public in the consensus ledger, there is still anonymity because they can not be linked with the ID or the account of the persons involved. All users or gateways have a database of each registered IOU.
Discover the advantages of Ripple
The consensus that the Ripple system implements is versatile and fast enough that every day more and more banks and financial institutions adopt it as their preferred way to carry out their business operations.
Ripple provides an improvement on the traditional way banks use to work. The transactions are completed, adjusted and recorded in a few seconds, despite the high amount of traffic the platform experiences every day. This is a big improvement over, for example, the Bitcoin system, which takes an average of ten minutes to complete an operation.
Banks and traditional financial institutions can take days or even weeks to make a bank transfer and, let's face it, the delay will not cut it in our current financial reality. In addition to all this, the transaction fees in Ripple are almost non-existent: the minimum is 0.00001 XRP. This is nothing if you compare it to the costs of a cross-border payment.
Ripple, the token
The Ripple network has an associated cryptocurrency; XRP, which has the power of liquidity by acting as a bridge between other means of payment, making the exchange more convenient for all parties involved in a transaction.
Judging from the recent data of June 2017, XRP was the third cryptocurrency in the world by market capitalization of $ 11.94 billion. The first is Bitcoin (BTC,) at $ 45.26 billion, while the second is Ethereum (ETH) at $ 31.53 billion.
Information on ripple signs
Maximum of 52 weeks: 3.3153
52 weeks low: 0.1500
Ripple Market Cap:
Ripple Volume:
Ripple Circ. Supply:
Max. Supply:
While there are no central authorities controlling Ripple's price and behavior in the market, the correct answer to the question seems to be negative: the platform is not entirely decentralized. This does not mean that it does not succeed, as world financial institutions like Santander, Bank of America, UBS, American Express, RBC and Westpac, to name but a few, use it for operations.
Blockchain technology does not allow any parties or the network to control anything related to transactions, whereas these banks and institutions, using Ripple's distributed ledger, can charge their specified transaction fees.
People can not pre-mine XRP, unlike the cases of Ethereum and Bitcoin. They are completely decentralized platforms supported by millions of miners across the planet. No person or entity can have control over them. Ripple, managed by the Ripple company, sees its nodes managed and managed by the aforementioned financial institutions.
There is a maximum number of Ripple tokens to deliver to the world, set at the time of its launch on the market. The said number can not go higher, which means that no new XRPs have been created.
Ripple and Bitcoin: complementary differences and traits
While many people in the industry claim that Bitcoin and Ripple are competitors, it may not be exactly the case. There are some differences, though: Bitcoin implements the proof-of-work system, which is a difficult (expensive, time-consuming) data to produce but easy to verify for others. It must also meet a number of requirements. In the case of Bitcoin, it implements the Hashcash test system.
Ripple, meanwhile, uses the already explained distributed master book, the "consensus", so there are noticeable differences in the way they operate. Ripple is owned and administered by OpenCoin and the Ripple Company, while Bitcoin is a decentralized system in which no central authority exists.
Now, what would you say if we told you that the traits and features of Ripple could benefit Bitcoin users? Remember, Ripple is best known and has gained most of its international recognition, as a payment or protocol system.
Ripple can provide Bitcoins with other ways to connect with those who use other forms of currency, as it preaches accelerated transactions and greater stability. In addition, Ripple is a distributed network and therefore does not depend on a single company to manage and protect the transaction database. As a result of this scenario, users do not have to wait for the block to be confirmed.
Selena Larson of CNN Tech explains that Ripples (XRP) can not be created, or "extracted" from users as it happens with Bitcoin and other cryptocurrencies. Society has control of its destiny in this sense.
<img data-attachment-id = "8837" data-permalink = "https://smartereum.com/8835/ripple-joins-blockchain-capital-vc-fund-with-xrp-investment-worth-25-million/ ripple-joins-blockchain-capital-vc-fund-with-xrp-investment-worth-25-million-price / "data-orig-file =" https://i2.wp.com/smartereum.com/wp- content / upload / 2018/04 / Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-investment-value-25-million-price.jpg? fit = 705% 2C232 & ssl = 1 "date-orig- size = "705,232" data-comments-opened = "1" data-image-meta = "{" opening ":" 0 "," credit ":" "," camera ":" "," caption ":" " , "created_timestamp": "0", "copyright": "", "focal_length": "0", "iso": "0", "shutter_speed": "0", "title": "", "orientation" : "1"} "data-image-title =" Ripple joins Blockchain Capital VC Fund with a $ 25 million XRP investment "data-image-description =" price
Ripple is a member of Blockchain Capital VC Fund with an XRP investment of $ 25 million
"data-medium-file =" https://i2.wp.com/smartereum.com/wp-content/uploads/2018/04/Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-investment- is it worth-25 million price.jpg? fit = 300% 2C99 & ssl = 1 "data-large-file =" https://i2.wp.com/smartereum.com/wp-content/uploads/2018/04/Ripple -joins-Blockchain-Capital-VC -Fund-with-XRP-investment-worth-25-million-price.jpg? fit = 696% 2C229 & ssl = 1 "class =" aligncenter size-full wp-image-8837 "src =" https://i2.wp.com/smartereum.com/wp-content/uploads/2018/04/ Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-investment-worth-25-million-price .jpg? resize = 696% 2C229 & ssl = 1 "alt =" Ripple joins Blockchain Capital VC Fund with an investment of $ 25 million XRP price "width =" 696 "height =" 229 "srcset =" https: // i2 .wp.com /smartereum.com/wp-content/uploads/2018/04/Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-investment-worth-25-million-price.jpg?w=705&ssl = 1 705w, https://i2.wp.com/smartereum.com/wp-content/uploads/2018/04/Ripple-joins-Blockchain-Capital-VC-Fund-with-XRP-investment- worth- 25 million price.jpg? resize = 300% 2C99 & ssl = 1 300w "sizes =" (maximum width: 696px) 100vw, 696px "data-recalc-dims =" 1 "/>
Ripple Price Prediction in 10 Years
Ripple's 10-year projection: success!
Recently, after a period of inactivity, the value of Ripple is starting to rise again. This could be your last chance to buy cheap! Experts agree that, given the popularity of the network, the well-built platform, investment interests around the world and penetration in the media and in the main company, Ripple is expected to grow in the short, medium and long term.
For beginners, experts continuously say that the possibility of Ripple ending 2018 at a value close to $ 1 is very achievable. You could see the figure and you might think it's not much, but consider that it is currently less than a dollar: it would be more than ten times its real price! Imagine how much money could be made with high volume investments.
Based on current projections, most people in the business agree that the value of Ripple can go up to $ 200- $ 300 in ten years. It is in the interest of the company if the price continues to rise, because it will make XRP less volatile.
Final thoughts
In conclusion, not only is Ripple one of the most important payment and exchange networks in the sector, but it is also one of the main cryptocurrencies in a world full of resources. This is not the interesting fact: the XRP is growing and has a lot of room to grow!
Experts of experts and cryptocurrency are focusing on Ripple when they are asked for digital tokens with the greatest potential for 2019 and beyond. After Bitcoin, which is the industry leader, there is no second clear placeholder. Perhaps, we are starting to experience the rise and consolidation of Ripple.
What is the difference between XRP technology and other cryptocurrency assets?
Find the difference between XRP technology and other cryptocurrency resources.
Sometimes, it seems that there is no public support for cryptocurrency networks, but this is not the case: at least not exactly. It is true that cryptocurrencies have different forms, but share the same logic regarding programming, private key cryptography and peer-to-peer networking.
So, what makes XRP different?
The XRP was created in 2012, but has already guaranteed $ 40 billion in value. As for market capitalization, it is ranked as the third largest worldwide cryptocurrency. Ripple, the company that deals with its operations, has been able to successfully connect some important partnerships for the business.
New reports have revealed that the asset, XRP, is not as successful as it seems. Ripple's other financial products contributed to its overall value. If you want to take advantage of the market, learning as much as possible about the distinction between Ripple technology and other products (eg Bitcoin and Ethereum) in the market will be useful.
Although Ethereum, Bitcoin and XRP exchange public exchanges, the method of operation is different. For beginners, the general accounting and consent algorithm is not the same. XRP as a cryptocurrency is performed on the XRP register. The difference between this cryptocurrency and others is how the system solves a common challenge. The main problem that people face with an algorithm like this is the problem of double spending. Ethereum and Bitcoin solve this problem with proof of the work algorithm. However, XRP solves it with an alternative system based on trust that depends on a segment of nodes to make the final decision.
The segment is defined as a unique node list. This system allows the blockchain to cope with a faster transaction rate than other systems that depend on the job test.
The development and governance, the offer and the token economy and the value proposition techniques contribute to making XRP a rather exceptional product. Statistics have revealed that it will continue to rise in value over time.
Ripple's CEO, Brad Garlinghouse, thinks Ripple will be a long-term winner
Brad Garlinghouse, who is the CEO of ripple, said that his company is actually a real application when it comes to blockchain technology and cryptocurrency space. Ripple is trying to build a globalized payment system network. With the help of Ripple, companies will be able to send payments around the world almost instantly.
According to the CEO, ripple has a partnership with over 600 different companies. These companies also include prestigious institutions such as the Bank of England and the Saudi central bank. According to him, since there is a true application of Ripple, it will sustain in the long term. He also said that they will not be victims of the uproar. Due to real applications, the Ripple value will be supported.
Moreover, it will also appreciate in the future. This is the reason why it can survive any kind of accident among other cryptocurrencies.
According to the CEO, Ripple is here to stay. They are trying to build long-term solutions that will allow people to send money all over the world. Moreover, with the increased use of the banking system, the potential of Ripple will increase significantly.
Also, according to the CEO, Ripple is one of the very few companies that is actually having real money flows through it's a system rather than just trading money. This is why the CEO believes Ripple is here to stay in the long run.
CEO believes that Ripple will support all kinds of problems or any kind of downward trend in most cryptocurrencies. This will actually help him emerge victorious among other cryptocurrencies. Furthermore, investors in ripples do not have to worry about the underlying value of the cryptocurrency. The principle behind cryptocurrency is quite strong. For this reason, Ripple is here to stay.
According to the CEO, it is one of the very few cryptocurrencies that is facing a real problem. This is why many investors are also trying to invest in ripple. Furthermore, the number of banks and financial institutions that are starting to use ripple is abundant. This is another reason why the potential uses of Ripple are also increasing.
Ripple CEO Brad Garlinghouse speaks at the technology conference
Despite the perception that Ripple, an emerging company, is a blockchain or cryptocurrency company, CEO Brad Garlinghouse believes it is something simpler and not just a business that tries to cling to the last words of technology.
"We are a payments company" Garlinghouse said on stage a Goldman Sachs technology conference in San Francisco.
He explained that Ripple uses blockchain technology, one of the underlying accounting technologies used for Bitcoin, to record transactions between banks. And he said his company uses its XRP cryptocurrency as a payment method to make it easier for banks to transfer money internationally.
The hope is that major banks will use Ripple's xCurrent payment software and its XRP cryostanization instead of the industry-standard SWIFT software to transfer money across borders. Unlike some supporters of cryptocurrency, Garlinghouse believes that the best way to bring cryptocurrency to the mainstream is to "work within the system" rather than using cryptocurrency to circumvent government regulations and financial institutions.
"While contrarian and unpopular in the crypted space, in retrospect it is very clever," said Garlinghouse.
He compared the proliferation of crytocurrencies such as XRP and Bitcoin to the advent of different types of databases, rather than "a database to dominate them all". Most of these digital currencies will die out, he says, because it's not clear what problem they solve.
He contrasted Bitcoin with XRP by saying that the typical Bitcoin transaction costs users around $ 13 and takes three to four hours to complete, making Bitcoin unsuitable to solve the problem of bank-to-bank payments. In contrast, XRP "is about 1,000 times faster than a Bitcoin transaction" and costs "a fraction of a penny".
In order for Ripple to grow, big banks need to purchase their payment software and use its XRP cryptocurrency, which is a big challenge considering it has to convince financial institutions to change the way they've been doing business for years. The biggest obstacle in convincing banks to use Ripple's services is that many banks have other IT projects that are more of a priority for them than Ripple, said Garlinghouse.
When asked whether the big banks will eventually accept cryptocurrencies, Garlinghouse expressed optimism, but did not give a specific time horizon. He said he discussed the issue with senior executives of unspecified investment funds on cryptocurrency trading, which may take more than six months, perhaps even after 2019.
"Despite the prediction of Jaime Dimon, this is a class of business that I do not think will go away soon," Garlinghouse said referring to the negative comments of JPMorgan Chase's CEO on Bitcoin at the start of this year. Source: fortune
Who is Ripple's CEO, Brad Garlinghouse?
This Harvard M.B.A. has a leading traditional technology pedigree: CEO of Hightail (formerly YouSendIt), president of AOL's consumer applications and senior vice president of Yahoo. As Ripple's CEO, Garlinghouse, 47, has a 6.3% stake in Ripple, but that's not what our list does. Although Ripple controls $ 61.3 billion of XRPs, companies that account for $ 95 billion worth of value, Ripple venture capitalists appreciate the company for only $ 410 million. Like many traders on this list, it is his personal XRP stock, confirmed "in the nine figures", which brings him here. Source: Forbes
Ripple's CEO, Brad Garlinghouse, talks about XRP and is a "long" Bitcoin
There are few people able to generate the amount of excitement among the cryptocurrency community like Ripple chief Brad Garlinghouse. On Wednesday, in front of a crowded house at the top of Yahoo Finance All Markets for Crypto in New York, Garlinghouse spoke with his former employer of his payment company Ripple and XRP, the digital currency in which Ripple holds 61% of capital and has advanced 32,000% more than in 2017. It has also revealed that it is a long-term BTC.
Garlinghouse used the forum to announce that the initiation of payments Ripple has just signed LianLian, the service provider of Chain No. 4, to its xCurrent platform powered by blockchain for cross-border real-time e-commerce payments.
He exposed on cross-border payments, emphasizing with humor that before Ripple's xCurrent, to get £ 10,000 from New York to London on the same day, the fastest way would be to go to the nearby Newark airport and fly the money there. "XCurrent enables real-time messaging and regulation between banks," he said.
Garlinghouse underlined what he termed as a "misunderstanding about digital resources" that pervades today, giving an example of the dot.com era that can be applied to today's cryptocurrency environment. He recalled how in his early days when he was working in telecommunications, he then visited the SBC Communications manager Randall Stephenson, who is currently leading AT & T.
Returning to the beginning of the century, Stephenson told Garlinghouse that SBC would never use IP for voice traffic. "The point was, he said they had a solid network of analog switches that worked brilliantly for the voice" and that invest in the data. Garlinhgouse stressed that today there is no voice network at AT & T – it's all VoIP.
"I think the same thing will happen in the banking sector." People who are invested in us love xCurrent but are not sure about xRapid (the product of Ripple for liquidity.) I can hear Randall Stephenson's echo chamber " , he said, adding that he considers xRapid to be a sluggish product, indicating the four current users that include MoneyGram and Mercury payment providers. "I think it's just the beginning," he said.
On the whole, he believes that the congressional hearing that took place at the beginning of this week on regulation and events such as those of Yahoo are signs of maturity within the cryptocurrency market.
"For me, I felt like 1997 and the birth of the Internet when I was a young whippersnapper in Silicon Valley," said Garlinghouse, adding: "Regulators are behaving as they should to ensure they have regulation around KYL and AML. There are reasons for this: if trades are trying to circumvent KYC requirements, [regulators] should enter and enforce this ".
Garlinghouse on BTC
Meanwhile, even if Garlinghouse is a long bitcoin personally, stating that it is not of the idea that "BTC dies of a terrible death." However, he does not see it solve world payment problems, saying, "XRP is 1,000 times faster and cheaper than a bitcoin transaction, will you use a fraction of BTC to buy a cup of coffee? It will take hours to complete the transaction. coffee will become cold, "he joked.
Garlinghouse on JPMorgan
Ripple is a payment company that focuses on cross-border transactions, a market that is widely used by SWIFT for global banks. But as Garlinghouse points out, only a small number of banks dominate SWIFT and in the meantime make billions of dollars in profits from the rest of the banks.
"Ask why Jamie Dimon is saying things [he said about bitcoin]", Said Garlinghouse, pointing to Citi, HSBC and Chase at the top of SWFT." They are making a lot of money from other banks. We talk to the banks, and 99.9% of them want Ripple to succeed because I'm tired of paying these guys, "he said.
Inning Innings
In conclusion, Garlinghouse gave his views on the sector, which he says remains in the "adolescent phase". It is incredibly important to him and to Ripple's success that the industry matures, including media coverage. In the meantime, do not consider the other blockchain startups as competitors.
"Many of them follow several cases of use, like the early days of the Internet, Yahoo is not competing with Amazon, the Internet had to grow, I want all businesses to increase, an important element of a mature industry is the maturation of all aspects of coverage, "he said. Source: CCN
Ripple CEO: most cryptocurrencies will go to $ 0
Ripple's CEO, Brad Garlinghouse, the man behind the XRP token, said he expects most of the cryptocurrencies to end.
Speaking at the Goldman Sachs Technology and Internet Conference, Garlinghouse said that most currencies do not have a value proposition and are traded exclusively on a speculative basis.
It is still expected that bitcoin, at least, is long-term as a store of value.
SAN FRANCISCO – Ripple's CEO, Brad Garlinghouse, may be the man behind the popular XRP cryptocurrency, but that does not mean he has faith that every single token will survive.
Speaking to an audience of analysts at the Goldman Sachs technology and Internet conference, Garlinghouse said that he believes that "most" cryptocurrencies will eventually lose their full value. In short, he believes that most of these coins are not very useful as transactional currency, which means that there is no reason why they exist.
"It is not clear what the use case is: it is not clear what the value proposition is," he told the audience. "The long-term value will be dictated by the utility of that good."
The XRP, which peaked at $ 3.31 in January before falling to $ 0.99 at the time of writing, attracted investors' attention due to its use in the interior of the Ripple payment system. Essentially, XRP is a token specifically designed to make fast, low-cost international transactions between banks. For the Garlinghouse point, this is the purpose of XRP.
XRP holds the third highest market capitalization of any cryptocurrency of $ 40.1 billion. However, some have criticized Ripple for holding most of XRP in corporate reserves, thus giving the company more influence over the price of the currency. This is in contrast to bitcoin, where inflation is determined by the speed with which the "miners" generate new coins.
Although Garlinghouse's position may seem rigid for someone whose company has come to prominence thanks to the recent crypto-madness, it has not erased all digital currencies.
Garlinghouse beckoned to the idea that bitcoin – which he thinks is 1000 times slower and more expensive than XRP – will still be used as a store of value, similar to the role that gold has played. But it will not be used for payments, in his opinion.
"Bitcoin is about to solve a different problem," he said. Source: BusinessInsider
Ripple CEO Brad Garlinghouse talks about the reasons for their growth and their differences with other criptos
Cryptocurrencies have represented a revolution in the world of finance and traditional trade relations. The blockchain is considered by many analysts (prominent authors of Forbes and Nasdaq) as the "most important technological progress since the arrival of the Internet". having brought the total market capitalization of cryptocurrencies to a much higher uptrend than any other financial service or asset available on the market.
However, since the creation of Bitcoin, many cryptocurrencies have been developed, each of which adapts its technology to the standards or philosophies of its developers. But even if they have different approaches and technologies behind them, almost everyone shares a similar philosophy: Cryptocurrency is a mechanism that tries to counter dependence on traditional payment methods that third parties (such as banks and governments) have to rely on.
And that's what makes Ripple different from others. Even if it is a software development based on blockchain technology, the truth is that they share very few similarities with other altcoins. In fact, for some people, it could be said that Ripple represents "the opposite" of what the cryptocurrencies are. Some see it as the black sheep and question its nature by saying it is not a "real" cryptocurrency. Some people say that Ripple is exactly the opposite of the "beautiful vision" that Satoshi Nakamoto had when he created Bitcoin and started the revolution that followed its beginning.
Despite negative opinions, Ripple is proud to support its growth in support of real "heavyweights" in the global economy: business partners ranging from Western Union to SAMA (Central Bank of Saudi Arabia) and to the Bank of England. Ripple does not try to position itself as an alternative to traditional payment systems; on the contrary: it seeks to facilitate mechanisms that improve and facilitate traditional payment systems. And this is where Ripple's strength lies, according to its CEO.
At the start of this year, during the "Blockchain Connect" conference in San Francisco, Ripple's CEO, Brad Garlinghouse, had the time to release an interview with Cointelegraph in which he was mailed a series of questions related to Ripple's vision as a company, and his opinion on other encrypted ones.
He sees Ripple as an intentional initiative, and while the Ripple website says they do not have a defined roadmap, the vision for the future of what they want to achieve seems to have been the lifeblood of their success.
"There are many scientific experiments in the Blockchain space, I think we are still at the starting line of the Blockchain space, on the whole.[Ripple] they are the only ones who actually passed the starting line. There is a marathon ahead, and I think we have a long way to go. But it is clear that Ripple has passed the starting line. And I think there are many people who are still experimenting trying to understand their product market in shape ".
If you're not solving a real problem for real customers, you're not driving speed and activity in that digital resource (…) For Ripple, that global liquidity problem is measured in trillions of dollars, I think people are realizing that Ripple is gaining momentum, we are gaining commitment, we are gaining more customers. So there was interest in this. "
Ripple has worked in this direction, creating a series of strategic alliances that have allowed them to consolidate themselves as a blockchain-oriented payment processing platform between traditional service providers, even though many use their token (XRP) as a means to speculate like any other altcoin.
At the beginning of this year, Ripple reported an alliance with the Chinese payment service provider Lian-Lian; and subsequently an important strategic agreement was announced with SAMA. Shortly thereafter, Western Union joined the list of companies that have experienced Ripple, and just a few hours ago, Cambridge Global Payments confirmed the use of xRapid, an XRP-based technology solution for 39; processing of payments at the international level.
The massive use of Ripple by institutions with so much economic power has made its capitalization very significant, placing its token in position number 3 of the most important criptos according to coinmarketcap. It even outweighed the importance of Ethereum, but after removing the indicators of the South Korean trading houses, the value of the XRP dropped sharply (like that of many altcoins), however, since the last weeks its value has increased considerably. .
Another aspect that never escapes in an interview or discussion on Ripple is the philosophy that sustains its existence. Faced with this controversial position, Mr Garlinghouse clarifies his position without reservations:
"One thing that's interesting to me about Ripple is that somehow people have seen Ripple as the contrarian, and from the beginning we were really interested in how we work with governments, how we work with the banks. in the cryptic community they were very, "How we destroy the government. How do we bypass the banks? "
