XRP Isn’t As Good As Bitcoin For Cross-Border Payments Expert Says As XRP Outperforms Bitcoin On CoinMarketCap

XRP news today – Ripple has made its goal clear from the beginning. The Silicon Valley tech company intends to dominate the cross-border remittance world by replacing SWIFT with xRapid and other decentralized payment protocols. This is why XRP is commonly called the banker’s coin. Ripple sells its xRapid technology to banks and this technology uses XRP as fuel. XRP has proven itself efficient in doing what it was created to do. Digital asset investors on the XRP rich list hope that this xRapid protocol is going to positively influence the XRP prediction 2019 and change the game for Ripple. Apart from using the xRapid protocol, XRP is also one of the fastest and cheapest for international and local transactions. In our previous XRP news, we talked about how XRP has already gotten the attention of many financial institutions. Now, an expert in the space is suggesting that Bitcoin is better than XRP for cross-border payments.

XRP Prediction 2019: XRP Price Prediction 2019: XRP News Today – Bitcoin News Today – Bitcoin Is Better Than XRP For International Payments

According to the George Harrap, the head of Bitspark, XRP may look like the perfect solution for cross-border remittance but it is not as ideal as Bitcoin. Even if XRP is fast and cheap, it is not as usable and practical as Bitcoin. He also noted that Bitcoin is more popular and is accepted by many companies compared to XRP. In his words;

“The number of Ripple gateways that exist hasn’t changed in four years and basically consists of bitcoin exchanges for people to speculate on the price of XRP for BTC,” Harrap adds. “None of these companies are remittance companies, nor are they using XRP for its intended purpose.”

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.270
-7.02%

Harrap’s company sponsored a cryptocurrency research that evaluated the top cryptocurrencies based on certain variables to determine which cryptocurrency is best for cross-border remittance. The researchers noted that Bitcoin and Ethereum have medium viability in this regard. However, it gave Stellar Lumens a higher rating because of its integrated decentralized exchange and efficiency as a platform for the creation of stablecoins. Bitcoin was ranked higher than XRP.

Apart from xRapid, xCurrent is another cross-border remittance solution by Ripple that makes it easier for banks to communicate with each other when international payments are initiated. However, the research gave it a low grade because it has inferior liquidity. Against fiat currencies, Ripple hasn’t provided enough liquidity in the market according to the report. While the xRapid protocol is efficient when you’re trying to send the USD, it is not easy to use the protocol to send USD through other less popular currencies.

XRP Price Prediction 2019 – XRP Prediction 2019 – Current Price Of XRP – XRP Outperforms Bitcoin

Meanwhile, the cryptocurrency market is currently correcting lower following the last bull run. At the time of writing, the price of XRP was $0.445827. This means that it is up by 4.57% against the USD and up by 5.24% against the price of BTC. The trading volume over a 24 hour period is $3,031,116,316 and the market capitalization is $18,776,746,169. XRP is also outperforming Ethereum and almost every other top cryptocurrency on CoinMarketCap. At this rate, it will cross the $0.50 before the end of the week.

What do you think about the XRP prediction 2019 in our XRP news today? Is Bitcoin better for cross-border remittance than XRP?

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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