Coinbase & Ripple Unite!steemCreated with Sketch.

in #xrp6 years ago

So first off Ripple and coinbase.
There's a lot of Articles and rumors going around that Ripple is being added onto coinbase now the problem with this is that from coinbase or Ripple themselves that they are adding Ripple onto coinbase is platform.


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So as of right now you can't say it's a fact that it's really happening you can really only say that's conspiracy and speculation now we are going to be looking into reasonings why I could see Ripple on coinbase and not see it on coinbase.

So first off the reasonings I could see Ripple on coinbase is it is a top cryptocurrency now I know that sounds very broad but you need to understand that the majority of people looking in the cryptocurrencies are going to see the top cryptocurrencies they're going to see Bitcoin ethereum Ripple Litecoin.

Those are the cryptocurrencies most looked at so that's one reason why Ripple has potential also Ripple has the volume and demand needed for Mass adoption of a cryptocurrency especially on queen bees Ripple has the supply it has the demand and the daily volume to be traded on a platform Like coinbase.


Also Ripple is cheap now what I mean by this is that Ripple is low in dollar value Ripple as a dollar 15 now I know CHRIS what are you thinking it's at 44 billion dollars in market cap and then total supplies 99 billion I understand that but as a new investor coming into cryptocurrencies if you were to see Ripple on coinbase at a dollar 15 you're more likely to invest in Ripple instead of Bitcoin etherium.

That's $11,000 or $1,000 the reasoning for this is a lot of people would rather have a couple tokens of a cryptocurrency other than having a decimal point of one so that's a main factor why people could definitely enjoy the adoption of Ripple on to the coinbase platform is that is a low u.s. dollar value.

Also Ripple is centralized now I know that's the reasoning why a lot of people don't like Ripple but if we continue to get government regulations in cryptocurrencies coinbase is already centralized and being regulated by the government Ripple can definitely have an addition onto coinbase being centralized and sort of being a safe haven for people in cryptocurrency to invest in cryptocurrencies and really a great entry point for those people in a cryptocurrency that are afraid of jumping into the decentralized side of things.

So also coinbase is really starting to get competition we have Robin Hood and we have up hold those are big competitors to coinbase and coinbase doesn't want to lose their reputation of being number one

Now why I'm bringing this up is that I found this article of this gentleman named Greg kid he just recently though they donated 57 million dollars to up hold up hold is a a platform very similar to coinbase where you can buy and sell cryptocurrency with your credit debit card in your bank account very like practically similar to coinbase and he donated $57 to this company to have Ripple added onto the platform.

Also he is an advisor and an investor in Ripple as well as he is going to be on the the board of uphold so potentially you can expect Ripple to be added on to uphold as a form of a cryptocurrency you can buy and sell with your credit debit card also you have Robin Hood Robin Hood is a great great platform that is going to do phenomenal when they get started and in the future who knows they could be adding Ripple as a form of cryptocurrency you can purchase.

Also this is the other reasons why coinbase could potentially add Ripple they need to keep up with the competition because they don't want to see their users go other over to another platform so those are my main reasonings why I think Ripple could potentially be added onto coinbase also the reasons why I think Ripple could not be added onto coinbase is that.

First off I went through coinbase is guide for adding cryptocurrencies they have a guideline and a cryptocurrency has to me all these guidelines in order to be considered on to the coinbase platform Ripple passes all of them except one spot...........

The one spot that Ripple does not pass in is the decentralization mark

:(

Decentralisation the network is public decentralize and Naples trustless consensus this is the one part where Ripple would not pass this checklist is a triple is not decentralized and opened up to the public.

So this is the main reason why I can see coinbase not adding Ripple on to their platform if coinbase wanted to eat their guidelines they could simply do as they please let something inconsiderate as well but I don't think we need to just go out and do that I just to add a cryptocurrency on to their platform another interesting thing about Ripple.

Ripple and coinbase is that they're their headquarters are right near each other in San Francisco California so that is another interesting thing is that they are very close to each other also if you go over to the coinbase support tabbed this is something that's been going around on the internet for quite some time.....

they have this tab or you can type anything in and see what pops up so what a lot of people have been doing is they were typing specific cryptocurrencies and see what pops up so for example if I was typing vertcoin 9 / coins not a super popular cryptocurrency market cap value but it's just an example you could see that sorry there are no results.

But if I was just typing Ripple in this tab let's see what pops up we get one Resort 1 results supported digital cryptocurrencies so the tab that talks about the supporting digital cryptocurrencies on the coinbase platform comes up when you type in Ripple so that means.

Somewhere in the coating for this page the word Ripple is implemented so who knows maybe that could be an addition in the future they could be adding Ripple as a form of payment or they could just have it in there so if any reason they need it they can have it?

Oh this is what comes up you can see the additions or I'm sorry these supported cryptocurrencies on the coinbase platforms so I thought that was kind of a little Easter egg to see that that does come up when you type it in coinbase but again this is still all speculation is not necessarily happening but if it does happen you can potentially see it happening probably within another month or so!!!!!!!!!!!!!!!!!!!

Because Ripple is really starting to pick up traction when it comes to Partnerships they are working with a lot of companies to really see how these companies can work with the Ripple xrp token how they can use it and they're really just studying it right now.

Not a lot of companies are implementing a right now but a lot of companies are studying it researching it putting it in studies testing it seeing if it would work with their platforms and if the potential does come or Ripple does get Partnerships like Western Union.

Could be huge for ripple and cryptocurrencies so as of right now I understand reasonings why people don't like Ripple for the obvious reasons but you need to realize that Ripple is really just helping cryptocurrencies as a whole.

Ripple is really helping bring Mass adoption in to cryptocurrencies and the aspect of bringing these big corporations and a cryptocurrency to get that mass adoption of the smaller investors because if you have these big corporations coming out and saying we are using Ripple a cryptocurrency as a form of payment of to make our transactions that's going to get a lot of people interested in cryptocurrency and get a lot of more investors into the space.

So overall I understand why people don't like Ripple but you need to understand that Ripple is just helping cryptocurrencies as a whole helping the adoption of cryptocurrencies so that's the bright side of Ripple.

So as of right now we can't safely say that Ripple is being added onto coinbase but we can say that it's a good chance that we could see some potential big movements in Ripple in the next month or so.

Weather being added on to uphold or Robin Hood or other exchanges as well as big Partnerships so as of right now we do have all these articles talking about Ripple being added on coinbase but we can't say they are actually true because coinbase and ripple themselves have not announced it.

That is the blog for today guys I hope you enjoy this one!!!

And remember the people that invest in crypto today are the future rock stars of the 2020s.

Thank you and have a blessed day :D

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