Was reading this reddit
As well as some others. The main difference is Bitcoin and other crypto currencies are for payments. This Ripple is for settlements between banks mainly. So one country wants to transfer money to another. With Ripple it can take 3.5 seconds because it is the medium that banks use. Unlike in the past, everything was hedged against the USD. Case in point how this is another step away from using fiat USD.
But still on the fence about this being any sort of investment for us because for the very reason of this being for transactions and settlements, they will be forced to keep it at an exact amount. I don't see how this will fluctuate.
As well as some others. The main difference is Bitcoin and other crypto currencies are for payments. This Ripple is for settlements between banks mainly. So one country wants to transfer money to another. With Ripple it can take 3.5 seconds because it is the medium that banks use. Unlike in the past, everything was hedged against the USD. Case in point how this is another step away from using fiat USD.
But still on the fence about this being any sort of investment for us because for the very reason of this being for transactions and settlements, they will be forced to keep it at an exact amount. I don't see how this will fluctuate.