This is a very big news. Ripple has the last two weeks made some big partnerships with biggest bank in Middle east, Google Pay, Western Union and more. Ripple CEO Brad Garlinhouse will be on CNBC Fast Money on Marth 6th 5pm EST with Coinbase President Asiff Hirji to discuss the future of crypto.
Could we see a new partnership very soon ? If that is the case, then we also can expect the XRP price will skyrocket and that would be a good deal for both company's and generally for the cryptomarket.
This announcement has caused a lot of speculation and anticipation around if it ever will be, and hopefully we will get the news soon!
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I am mixed on this being good news. I don't trust Coinbase. It was their shady practices that kept me out of investing for a good 4 to 5 weeks before Steemit convinced me to jump in. From what I can tell from investigating Ripple for a trade, they seem like little more than an exchange coin like BNB, only without an exchange. I am still new to all of this, so I am sure there are factors I am ignorant of. But two different organizations, neither inspiring to me to get excited on their own doesn't fill me with optimism.
I enjoy your posts as I learn from them. Other than the price temporarily jumping up for XRP if they partner, do you see any real benefits coming from this?
There are many people with big cash sums waiting to invest in krypto who are having trouble thinking about Silk Road news stories when they hear the word "Bitcoin". Ripple will not wipe the monks away overnight, but it's a step in the right direction to help the image of crytpocurrency and it's legitimacy as a financial tool. Therefor i think it could be a good idea with Ripple in Coinbase.
I will look into how they can ease peoples concerns of illegal activity. Thanks for pointing me in the direction to look. I have only seen a few people discussing Ripple online, always in a derogatory manner. In my brief look into them, they didn't seem to have any purpose other than to act as a currency. For some reason, in my notes I jotted down when looking into trading into their coin they were like the BNB coin without the exchange.
Hopefully by this time next year I will be able to have more meaningful dialogues with you. So far much of this seems over my head, many of the coins seeming to be working on the same ideas which has left me wondering how many coins we need doing the same things.
Firstly let me preface my comments by disclosing I am a XRP holder.
Ripple is much more than an exchange coin. They are a company assisting banks and financial institutions facilitating cross-border payments. This is a 20 trillion + market. Thus should they take even 1% of the market they will have significant success. Ripple are an actual company with 200 employees. Where some of the negativity surrounding ripple comes from is in 3 parts:
They are somewhat 'centralized' as they control who validates their transactions and also hold around 50 billion XRP tokens. The counter argument for this is that they are planning to decentralize the control of validators and that their XRP holdings can be used for growing the adoption of XRP by incentivizing clients.
Their primary market is banks and financial institutions. Bitcoin was born out of disdain for these institutions and some feel that Ripple is helping keep these institutions in power. The counter argument for this is that banks and financial institutions aren't going anywhere soon regardless of any ideals held by those against the current system.
Not all of Ripple's clients use or will use XRP. Ripple's core product is called Xcurrent which is a bank to bank messaging system like Swift but much more efficient and cheaper. This product does not utilize XRP. As a consequence of this people believe there is little value in XRP as most clients don't use XRP. The counter argument to this is that Ripple's strategy is to first gain the trust of clients by introducing them to the Xcurrent product before proposing client's switch to Xrapid (the product that uses XRP) as it produces the most cost savings.
As for Coinbase, while they certainly have some serious issues that need addressing, they are the most important exchange for investors wishing to purchase cryptocurrency with FIAT. At present it is a little difficult for investors to purchase XRP with FIAT, instead they need to buy another cryptocurrency and then trade into XRP. Being listed on Coinbase will solve the headache some investors have been facing with regards to trying to purchase XRP.
Every coin that has listed on Coinbase has seen significant gains, a lot of Ripple's run to all-time high was based on speculation that Coinbase would be adding XRP to their platform.
I personally am taking this interview with a pinch of salt as I don't want to get too positive on such speculation. No doubt the question will be asked on the show and we will get a response of some nature. Should Coinbase adopt XRP we will likely see significant gains, should they not we will see a decline.
Disclaimer: This is not financial advice, just my personal opinion.
I would just be surprised to see Coinbase listing Ripple over a lot of other cryptos. Although I guess they did list Bitcoin Cash pretty suddenly. My guess would be if they list Ripple, it will not be the only crypto they list at that moment, they would probably add a few more.
It is assured whatever crypto they list will get a pretty huge surge in price, just for the FIAT availability that crypto would have for the common person.
I have been an avid user of Coinbase for quite a while, and I am definitely eager to see what other cryptos they choose to add. Although I do worry a little about their shady practices in regards to insider information (like we might have seen with the BitcoinCash surge and 'crash'), they have been mostly reputable and consistent. There has been so much buzz and bounces with XRP and I would love to see the price of it increase exponentially, but I will remain patient and realistic in the hopes that Ripple will return to the $3 zone.
I also agree with you that any new crypto that gets listed on Coinbase will definitely see a significant increase in its price...at least for a little while prior to stabilization.
-Respect
And just a side note...Ripple is up about 10% on the major trading platforms.
Brad garlinghouse is so good with his words. His intentions questionable but yay. The discussions are beginning! March 6th is in my calendar now woot
This is amazing news, Its always nice to see crypto being on the news in a positive light! The past few months have been really dark for crypto. In line with this, XRP is one of the most discussed across tweets this week, as revealed from a bot I created to view the market from a macro level perspective. I am glad that our results are pointing towards sometimes similar and positive! I am very new to steemit and it is nice to see a caring community in here, where we share news and create content to better inform the crypto community. Thanks for your post! Do feel free to check out my site as I want to learn from veterans like you to improve and get better at creating good content! =)
Risk willingness is the key to success! 😉 Thanks for sharing this @tradewonk! This is something huge and definitely they've done research on this.. 😊
Would this be similar to what happened with youtube and google? xd
Good Luck
Very interesting. I like the idea of the Ripple coin, but I do not like the name. It makes me think of "rip-off". I wish they would create a new, more progressive name before being listed on Coinbase. Thanks for the heads-up about the upcoming CNBC Fast Money show. I will watch it.
Its strange that Ripple has actually gone down this past week. I'm betting on Po.et and Airswap...and that fkn ReddCoin....damn i was a fool...Cross your fingers the market goes on a run soon :)
This can be a good news for Ripple who has highly decreasing under $1.
Today XRP increase by +16% (at this moment) and is approaching the $1.10.
I'm not going to get too excited yet. Ripple has tried to get on Coinbase unsuccessfully before. Interestingly enough, even as good news of Ripple comes out each day, the price hasn't been rising. I'm hopeful, but skeptical. Thanks for the upvote worthy piece!
It’s crazy. Ripple has had some great news with very little movement. People are being very insecure with their investments since the small crash. Before that Ripple would have mooned on that type of news.
The partnership with Western Union is very good because
it allows us to change the digital currency to the local
currency and send money anywhere in the world.
In my opinion it is a good idea to invest in ripple since
this partnerships will bring confidence to the investor
something informative. thanks for sharing. @tradewonk
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expect it from many days. if coinbase add xrp then it's a great news for cryptolover. thanks for sharing a great news.
Ahaan Hitting the rock hard!
keep it up XRP!
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But in spite of all that, Ripple XRP continues to flat line
Great
That would be interesting to since there was a "hype" on Ripple rumored adoption on Coinbase last January. What's more interesting to see is that XRP's main rival Stellar Lumens is making a move right now. It's the only green among the top 10 with almost 10% increase in the past 24 hours.
Coinbase is now fighting two lawsuits including one in which they kept holding on to btc assets that were orginally sent by ther users (using the email transfer functionoality) to friends or family and coinbase just hoarding coins that were never claimed forever.
Coinbase today is just a crypto dinosaur- big, bulky, and from an outdated era. They need to either adapt or will just simply fade away into oblivion
All the partnerships listed are big names and potentially significant...but it is best to demonstrate patience when hoping for big moves in the land of crypto. News, partnerships, releases, betas, etc are all things that can effect the price of a cryptocurrency...but the real value of the coin is the longevity and the technology/community behind it.
I am really looking forward to this interview! All these big players in one interview, how exciting!
I am really hoping that we see a Coinbase partnership with Ripple. I am a strong believer in Ripple, and if it got added to Coinbase there would be a HUGE increase. Just look at what happened with Bitcoin Cash! I will definitely be tuning into fast money on Tuesday.
woah a soo small texte made you make 186.49 $$$ im fucking stunt !!!
i got 0.36cent on my last one and i was happy as fuck ...
now to stay on the ride i guess i will have to buy ripple XD steemit dosent work for evryones i guess XD
It will be very interesting to see what kind of an partnership can they come up with and how that can be helpful to the community.
Please bring Ripple to Coinbase! I'll be your best friend! -AdumB-
Please dont get me wrong, I'm not saying XRP is a scam level coin, but it is not what many of you hype it up to be. It is this kind of stuff that unfortunately is building the cryptocurrency bubble. Creating ridiculous valuations for things which aren't even used.
Ripple is one of the most overvalued cryptocurrencys around. They are a marketing machine. For a cryptocurrency to increase in value it must grow the users which use it for the purpose it was created and also increase number of transactions of those users. unless it does that the supply isn't decreasing and it will crash.
If you research Ripple you will find that all the news articles don't say the partnership will use the Ripple cryptocurrency itself, but instead will use the technology within their own system. This is like Steemit having no users, but Steemit being worth $3. Think about that for a minute.
Exactly how many of the partnerships announced in the news actually utilize the Ripple cryptocurrency?
The worse part is they have not had a single update in their technology since coming out. Also, keep in mind many of the original developers leftand made Stellar Lumen. Ironically, Stellar has had many updates. The technical team went to Stellar, but the business and marketing people are basically what's left with Ripple.
There's a reason why they are just now announcing that they are working on their first ever update. They know that they cannot keep the price pumped up with such old technology that hasn't been updated. The question is did Ripple hire a talented technical team that can innovate or just a team that keeps what exists working. Ripple is a high risk investment, but most people out there continually hype it keeping it heavily overpriced.
This doesn't mean it's worthless, but it's like a tech company that has a product which isn't being used for anything. People are buying the product as an investment with no regard for the fact the technology itself is not being utilized.
Again, do your own research. You will find that XRP has partnerships, but the partnerships are licensing the technology, not actually using XRP to settle stuff. Owning XRP doesn't make you a stock holder, you don't own the company. You don't profit when the company licenses their software to another company in return for direct payment.
You own the token which has it's value based on people using that tolen for it's intended purposes. Other than that owning Ripple means nothing.
Ripple could become a trillion dollar company through licensing their software...but those who hold XRP will not see anything for it other than funding Ripples growth.