Ninjastic
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Board Altcoin Discussion
Re: With the current ripple bubble(?) I wonder what one can do with it
by
gogxmagog
on 27/11/2014, 23:22:14 UTC
Quote from: hypostatization on November 27, 2014, 08:59:59 PM
Quote from: ParabellumLite on November 27, 2014, 07:41:57 PM
Quote from: giszmo on November 27, 2014, 07:37:19 PM
crypto coin tables gets a regular visit from me and today i noticed how ripple is doing totally exceptionally well. so well that i start wondering if there might actually be anything in terms of merchant adoption. is there a coinmap.org for ripple? is there a list of accepting merchants available somewhere? is there some hint on the number of users like the blockchain.info/wallet?

The only thing there is out now is simply people buying XRP and holding them. Merchant adoption is not here, nor is merchant adoption present in any significant way in Bitcoin. Investors took a look at the Ripple fundamentals and concluded that it indeed is undervalued.

Ripple, by design, does not require direct merchant adoption.

Smarty Cash and Shift Payments are card services integrated with Ripple, allowing users to use Ripple network funds to make merchant payments. As Ripple is a platform of many currencies, users are not restricted to XRP for funding accounts.

SmartyCash can be loaded with any currency, for example, and is therefore of equal value to users of Bitcoin or other cryptocurrencies. Ripple handles IOU conversion at the time of transferring funds card reloading. Crosscurrency payments in action.

XRP is used in the background to help make it all happen, but can for the most part be ignored by end users.

I am happy to see XRP rise in value, but fixation on XRP misses the point of Ripple Smiley

+100
I love this about XRP. Didnt the owner of Alibaba Jack Ma imply that he had invested heavily in XRP earlier this summer? I believe he answered a journalist who asked him if he had invested in cryptos with "Yes, but NOT BTC!" and this was around the same time that a few banks had stated they would work with XRP...

I believe XRP has capitalized where BTC has fallen short. BTC would be used way more widley if the average user used it without knowing, didnt need to learn all that ikky technical stuff, didnt need to go through sketchy exchanges and other points of failure...this is what XRP does for them, put very simply...I am enjoying seeing my free XRP turn into a healthy sum of $$$ carry on boys!!!