Ripple (XRP) plays a dual roles as a payment platform and a currency at the same time, is this currency better fit for payment solution than ethereum and Bitcoin since it's created to allow quick and cheap transactions out of the box
At this time of writing this post ripple is trading at 0.34$ with daily volume of 4billion dollars, in the last 24hrs XRP is up 14%, what's your take on this?
That's always been the aim of XRP as far as I know, to be a crypto payment and their target? - a billion dollar remittance business that's why they have partnered with a lot of companies to really take a slice on that big pie. So it's not a threat to bitcoin per se, but it will be on remittance services such as Western Union or MoneyGram and others. It will continue to go up, as bitcoin is going up as well, sort of a trickle effect on the top 10 altcoins.