Ripple 10 times secure than Fiat for Cross border payments

[cryptovlek 2597]

I think that Ripple is secure but not decentralized. You can search more on the internet how the ripple network validates transcations and you will find they have central validators operated by them. It is a system created for the banking network and this can work for them but it doesn't work for the people that want freedom on where and when they can send money and not a system that will be able to change and adapt to the wishes of a centralized governance.

[Fixfin 2569]

I think that XRP is not a bad coin as it is really fast but it could be even cheaper to use. Bitcoin with lightning network will be cheaper than ripple and even better speed as transcations will be instant but for right now I too use xrp some times.

[Goyaa 2414]

I agree that XRP is suitable for transactions between countries, because XRP does offer an advantage, namely transaction speed. If you want to transact between countries without having to exchange fiat, you can give XRP a try.

[Whited35 15285]

On 6/27/2020 at 1:32 AM, TimopheyKa said:

This is really good news, because Ripple and XRP are developing very well! And I am sure that in the future this altcoin will become quite promising and relevant in our region, and we will use it in the blockchain system!

So there are so many plus points into private blockchain network like Ripple. Ripple blockchain has all the known participating nodes it means permissions to access data to the random nodes are restricted. Transaction fees and transaction speed is the top ranked from Ripple blockchain network. 

 

[Syedbesharat 5423]

XRP is not volatile but it is also it's negative point for those who do trading at crypto currency don't  prefer stable coins because when you invest in stable coin your time, money does gives you profit. Xrp is bank backed Coin so it's more stable the any other coin. 

[Mella 3680]

I am thanks for the information my dear, now you are say that you found this news that someone from Ripple said that his company is 10 times better from fiat money. I am not see how this is news or importance. If it was say by a bank then I can say it is good news for ripple but if the same say it is mean nothing.

[annayks 2314]

On 11/1/2019 at 3:56 PM, wcolins said:

The experts of the Ripple reasoned that the XRP is a lot more secure and quicker alternative than other fiat money when it comes to cross border remittance, Ripple specialists said that its token XRP is a superior alternative for global installments. The XRP is multiple times less volatile when contrasted with conventional monetary standards during cross-fringe settlements.

Source: TheCoinRepublic

I didn't understand a lot but it seems that this is coming from Ripple whales and nobody actually cares for a crypto like xRP that has created massive losses for anyone that has invested in it for three years now and never recovered.

[zhoutong 2188]

Very catch words used by some ripple people but they are not exactly right. The system of Ripple is not less volatile as they say but it can be said it is faster and if they just offer the centralized blockchain they made to banks for free as they do it will not help them too much. They made millions and they can stop trying to ripoff poor investors as they keep doing.

[noshot 154]

Ripple XRP is an important cryptocurrency and I checked a lot the past price, it has done a high at three dollars and more and now it is close to where it began with this rise so maybe there can be another similar rise. But it needs to hold with very strong hands probably.

Edited November 1, 2020 by noshot

[yonkii 3205]

I have to admit I think that ripple has a good coin and I will look for more but it looks to me ok as an investment for the future. I read a lot of hatred against Ripple and this only makes me think that bitcoin holders think of it as a competitor but I think of it as another big company and Bitcoin can't be alone or the only good coin. There are many and they can't all be bad or altcoins.

[kryptonick 2659]

Ripple is close to being called a scam as many altcoins. All of them premined and they are just selling a few each time to keep some millions flows in their banks. I mean really when will you wake up and see what this coin is about.

[percare 3192]

XRP makes everything Bitcoin and other cryptocurrencies do, but in a centralized way. This is why it was attached with the banks to sell a controllable blockchain. It is not a bad system but not very different to the banking system and the banks are not very convinced they need Ripple.

[bogdanoff 3173]

I wonder how they come with these numbers. 10 times more secure. Like they have a metric to know how secure it is and how the other systems are. I don't even think it is more secure than what banks have but putting a few financial terms in a sentence to make it look scientific helps some people.

[Jromz 2158]

I'm not sure how surprising these facts could possibly be. After all XRP was conceived with such ideals in mind, faster and more secure transactions than traditional bank transfers. I guess what hugely limits the usability of XRP for this purposes is all the volatility around the cryptocurrency market, where value could be lost in relatively short periods of time, compared to fiat currency.

[Sykkuno 2887]

If a bank said that it maybe would mean something but this is from a Ripple person so it only means they are trying hard to advertise their product. It doesn't mean a lot to me and the language used doesn't mean anything either. XRP will face some problems in the US as I've been hearing too, but maybe they will also try to pump the price and stop the Ripple sales. 

[MalikAdnan 1662]

Yes you are right. These type of currency like crypto very safer and easy and helpful and very fast trading and transfer one country to another country. Crypto is safer than the fiat for transaction to the other countries.

[Mouhadheb 196]

Ripple currency is the basis for banks, but it is strange that it was not a stable digital currency, as price fluctuations in my opinion may be one of its flaws, and its future will be bright if all the world's banks are interested in it.

[Maaz sultan 265]

RIpple (XRP) in one of most secure and high potential low value but high future coin and now a days its market price goes to top record at 0.48 usd it about to touch 0.5 dollar and if the bull run starts the values of all the crypto currencies will goes higher then we thinks , This is the potential of crypto market .

[Mcd0d0 5882]

On 4/23/2020 at 1:14 AM, bitcoin-shark said:

all cryptocurrencies are better than cash, fiat financially and for transactions therefore obviously also xrp even if it is not entirely decentralized however it is safer,and one of my favorite coins...

Well, there are many reasons why cryptocurrencies is better than fiat it's because we can get some extra money here and also it has a anonymous transactions but it's better to used fiat because not all of cryptocurrency coins are accepted in some countries.

On 4/23/2020 at 1:14 AM, bitcoin-shark said:

 

 

Edited November 23, 2020 by Mcd0d0
Double post

[Onden 2098]

On 11/1/2019 at 8:56 PM, wcolins said:

The experts of the Ripple reasoned that the XRP is a lot more secure and quicker alternative than other fiat money when it comes to cross border remittance, Ripple specialists said that its token XRP is a superior alternative for global installments. The XRP is multiple times less volatile when contrasted with conventional monetary standards during cross-fringe settlements.

Source: TheCoinRepublic

In my opinion, Ripple's specialty is transaction speed, this makes transactions easier between countries. XRP is the fastest cryptocurrency at the moment. Apart from speed, ripple can also handle around 3 to 15 transactions per second. On the other hand, the Ripple network consistently handles around 1,500 transactions per second. I think Ripple is very safe for transacting across borders.

[babaji 1228]

I do not understand how can an asset being traded on free market be less volatile than any fiat currency, which is the base of stable coins. Case in point USD to USDT. 

Anyways, XRP has it merits, and hence all the hype surrounding it, but the problems are more then meets the eye, and hence it is not doing as good as it should. Personally, if something is not decentralised, then it is not cryptocurrency for me. 

[khan22 3478]

Ripple is a good coin and that coin future is very good and bright in the crypto market so many peoples will use the BTC, ETH but now they start to use the XRP coin and that is very secure and good coin and the fee is very low than the BTC and ETH.

[ShiNorton 906]

Ripple has super fast blockchain network with cross-boarder technology. I think it is also faster than other traditional  financial tools or technology. Personally  I like ripple blockchain networks & xrp  is the good altcoin in the crypto world. 

[VijithaVarghese 1994]

The Ripple makes the transactions quite secured. The charges are conparitively low. The only issue lies in the problem that the coin is centralised. This is a big issue for many users. Still there are faster transactional which is quite helpful.

[estmerbol 257]

On 11/1/2019 at 6:15 PM, MaxKron said:

So yes. Ripple wants to replace the usual bank transfers with their system. Today, bank transfers have to wait up to three business days. Ripple makes such transfers in a couple of minutes.

Without a doubt this token is giving to talk for a few reasons, for example the speed of its transactions I myself have made exchanges with this token and in question of the second I had the tokens in my wallet. Another advantage is the low fees for making exchanges and shipments. And to finish now in 2020 increases its price. It will be very good for XRP holders