- Ripple prices up 1.4 percent in last day
- Remittance faster and cheaper in Ripple platform
- Participation levels low as prices flat-line
The decentralization argument will continue as long as there are ardent supporters. Ripple Inc executives maintain their ledger is decentralized, but critics are not buying it. Regardless, Ripple (XRP) buyers are in control and likely to close higher by close of this week.
Ripple Price Analysis
Like Bitcoin, Ripple is a third-party free remittance service. In a recent tweet, Pomp said Bitcoin as the first global payment option was faster and cheaper than competitors. Well, to some degree, that is true. Bitcoin may have a slower throughput than centralized alternatives but compensating that design choice is security, autonomy and most importantly, cost. MasterCard and Visa as competitors are way too expensive despite processing more transactions.
While Pomp has is opinions, tests reveal that Ripple as an alternative for banks and…
Read Full Story : NewsBTC