All markets are down today and going down for the past couple of weeks.
Ripple say they have agreements with some big companies like BOA or MoneyGram but does this help the currency? It doesn't, this is only for the news. I don't even understand why is listed as a crypto.
I'll always go for Bitcoin in this battle.
Why do you say this? I don't understand? It's got as much a place under the crypto umbrella as most of the crypto currencies.
It's not POW, it's not POS, it's not decentralized, what is it? It's an ordinary currency.
Actually it's not even a true currency ...yet... but that's another story. XRP exists natively within the Ripple protocol as a counterparty-free currency, as Bitcoin does on the Blockchain. ... Not dependent on any third party for redemption, XRP is the only currency in the Ripple network that does not entail counterparty risk, and it is the only native digital asset. It;s a bridge currency in a very similar manner to bitcoin. Yes it's not POS or POW but uses consensus protocol.... and?
Most coins listed under the crypto umbrella have less reason to be considered under that umbrella. XRP is being adopted as the darling crypto of the financial sector. That interest is what gives value to XRP and I still don't get why you think it shouldn't be listed as a crypto when you look at most other crypto coins listed?