The Ripple Effect – XRP | Ripple, XRP

When I got into bitcoin and started getting deeper into why its so important. I met by Partner and we would and still do have heated discussions on the importance of crypto currencies or altcoins as we would like to call them. I am more of a one currency for the world type of fan, where as my partner is more into blockchain its developments and derivatives. It brings into aspect how much we love what we do and it keeps us both on our toes to understand the eco system that is building around us. Its fun to be able to just sit daily and talk about the possibilities that come forth because we both are crypto enthusiasts in general.

We often discuses how one coin maybe better then the other or not. The pros and cons while I am looking to it from general business stand point, he looks at it more towards possible potential of the design that the coin follows. We both might be wrong but it does bring out interesting arguments. One such argument when we met early was on altcoins such as dashcoin, doge and litecoin where I pointed out (this was back in 2014) that xrp or ripple will eventually become the second largest currency and give bitcoin a run for its money. While I still believe that btc is here to stay as xrp is now becoming the poster child for closed source coins with stellar also created by the co-founder of ripple is in close for second. From finance stand point of view it was obvious back then that when the banks start realizing bitcoin and its truly remarkable concept they will opt to fight it and at the heart of that xrp or ripple will emerge, as not only will it the closed source the banks will be able to control the infrastructure while still keeping tap on whats happening.

Today we see 10 of the largest 50 banks of the world in support of xrp and recently published news that Standard Chartered is testing it, right after western union news that they were also testing ripple to bring credibility to it.

I am still of the view that bitcoin will lead the way since it was presented as a decentralized distributed ledger to the world which could only be controlled on consensus rather then an entity, xrp will be used more as a poster child to replace the old technology that is running at the hearts of the banks called “swift” and outdated systems.