Quote from: jeffthebaker on October 07, 2018, 01:05:34 AM

Quote from: iconoclast on October 07, 2018, 12:48:16 AM

Quote from: daporivera on October 07, 2018, 12:13:37 AM

Will Ripple XRP be the number one cryptocurrency before the end of the year?

No, for that to happen it would have to be adopted by all the banks and become the defacto cryptocurrency for all the banks. That is not going to happen for a couple simple reasons. Banks are never going to adopt a system that they do not control. The reason banks use the SWIFT system for money transfer over any other competing system is that they own it and all the fees it generates goes to the banks. They also know that the system can not be hacked since the only authorised users with access are banks. Banks are working on projects to update SWIFT to a blockchain. That is where the future is for transnational money transfer by banks. Not in Ripple.

This is a blatantly false and uninformed analysis of Ripple as it's already being adopted by many of the biggest banksin the world. Sweet SHIFT shill... althought that coin doesn't really offer much merit.

Ripple will likely stay as a major crypto but I don't think it will be the largest. The utility for XRP is too little to justify such a valuation, and it doesn't have the ideological superiorities of Bitcoin, either.

SWIFT - Society for Worldwide Interbank Financial Telecommunication, not SHIFT. https://www.swift.com/
You would know what that is if you knew anything about Banking.