Breaking News

Is Ripple Poised To Disrupt Bitcoin?
Is Ripple Poised To Disrupt Bitcoin?
By Investing South Africa   |  Sep 19, 2017 09:21
Saved. See Saved Items.
This article has already been saved in your Saved Items

by Tanzeel Akhtar

If you haven’t heard of Ripple (XRP) already, now is a good time to get to know the digital currency. Though still low key, Ripple has huge potential and could soon rival Bitcoin.

So what exactly is Ripple?

Ripple uses blockchain and distributed ledger technology. It is a global settlement network. In order to make a settlement, a fee must be paid in XRP and these are what trade on cryptocurrency markets.


Ripple aims to provide a “frictionless experience” to send money globally using the power of blockchain. Ripple has also been adopted by a number of banks including Spain's BBVA (MC:BBVA), Royal Bank Of Canada (NYSE:RY), Bank of America (NYSE:BAC) and Standard Chartered (LON:STAN). Indeed, buzz about Ripple indicates it could have the potential to revolutionize the financial services sector.

Currently Ripple is considered to be the third most popular cryptocurrency after Bitcoin and Ethereum. At the time of writing, XRP was trading at $0.186. The currency has a market cap of almost $9 billion, after starting the year with a valuation around $250 million.

Ripple: considered exciting and solid

Jeremy Epstein advisor to OpenBazaar, IOTA and ZcashRipple explains he has been a fan of XRP ever since he read the Ripple whitepaper fifteen months ago.

Epstein says:

“I was excited about Ripple. I think their focus on a specific use case and being the common overlay for the global banking system of settlements is spot on. The effort to make XRP a de facto settlement coin is strategic brilliance.“

He adds:

“At the same time, as banks continue to mobilize on the blockchain front, they have an existential threat in the form of industry consortia that, sensing Ripple's potential dominant role, will respond in kind. The good news for Ripple is that consortia have a poor track record, so I like their chances.”

Another huge fan of Ripple is David Drake, the chairman of wealth preservation firm LDJ Capital. Drake is also enthusiastic about Ripple. “A lot of people in the beginning question Ripple but now when they are doing the second round of fundraising for Ripple Labs I expect a larger valuation. It is not inconceivable that this may simulate the trajectory of something like Uber down the road.” he says.

No digital currency hype

Another cryptocurrency commentator said there is “no hype” concerning Ripple. Xavier Hawk, founder of Permacredits and Phireon notes:

”While some other currencies have bravado and hype, Ripple has revenue, clients, and a strong position in the market.”

Hawk describes Ripple as the “quiet turtle plugging away with its eyes squarely set on the right prize which is revenue”.

Hawk adds:

“Ripple is establishing itself as a solid organization with its priorities set straight. Since the beginning of its inception in the market it has gone after the right clients, built the right networks, and provided value to the banking world behind the scenes irrespective of all the hype in cryptocurrencies."

Kamil Przeorski, co-founder of platform said:

“Ripple has immense potential. Ripple has a unique market position compared to other currencies. It has been getting stronger in the market over the last few years.”

Przeorski thinks Ripple bridges the gap between old style bank-type infrastructure and brings financial institutions into the new era of blockchain technology.

“It's in a great position working with banks and can expand into other products or services and that's where it has strength over others. These partnerships will allow Ripple to continue to expand and become more valuable.” adds Przeorski.

As more and more investors and financial institutions gain understanding of the latest wave of digital assets, Ripple will undoubtedly see increased interest.

Is Ripple Poised To Disrupt Bitcoin?

Related Articles

Is Ripple Poised To Disrupt Bitcoin?

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email