Ripple CEO: Bitcoin will not be the only world currency
Source:
Yesterday, the CEO of Ripple brad Garlinghouse said that Bitcoin will not become a world currency in the future. Now the entrepreneur has compared the ability of XRP with the main cryptocurrency. It is reported .
theBitcoin won't replace dollar
At the request of the Director, Bitcoin is much slower ripple's in the matter of transfer of money. The information is correct. According Blockchain.info the average transaction in the Bitcoin network takes approximately 42 minutes, while XRP transaction takes only four seconds. However, the trading volume of Bitcoin is significantly more than Ripple.
I think the main cryptocurrency will not be the panacea that everyone was hoping in the past. Even now, we see how different technologies and cryptocurrencies are rapidly gaining popularity.
However, the durability of transactions in the Bitcoin network still depends on its blockchain, which was not originally adapted for millions of users. Garlinghouse believes maximalist ideology around a single cryptocurrency is a failure. In his opinion, competition in the stock market can get to not one but several winners.
In our community there are people for whom the idea of using Bitcoin was almost a Holy thing. I believe that the future market will belong to many successful startups, not just one cryptocurrency.
Statement about the centralization of Bitcoin is still not tally with the policy of the Ripple. Recall that about 60 percent of all coins XRP in the ownership of the company.
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