Ripple (XRP) plays a dual roles as a payment platform and a currency at the same time, this currency is 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?
Both XRP and Bitcoin are good. Over the years there have been so many coins that were created to be better than Bitcoin when it comes to transactions, so many of them are faster: Litecoin, Ethereum, Ripple so many of them, and there’s one that is faster than all.
But, if we look at the main purpose at which they were created for – Bitcoin was created for transaction, while Ripple’s main purpose is to be used into transfer assets, and they want it to be used by institutions. Ripple is faster, but it is not decentralized like Bitcoin, it is a private owned and they even have offices in places like UK and Australia. Bitcoin is used for transaction more than XRP, nobody even use that.