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RE: Should Bitcoin Be Worried About Ripple | Update On BTC Goal

in #bitcoin7 years ago (edited)

Anyone that decides to check out Ripple should consider the effect that a banking failure might have on that crypto. As I understand it, the Banks are using it as a way to clear bank to bank transfers rapidly, at low cost. I don't understand what will happen to Ripple if the banks start dropping off.

I don't think we can mine or purchase Ripple, it is a different platform all together.

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very true, I hadn't considered that yet.

I hadn't either! And to be honest, I feel like that banking failure might be coming sooner, rather than later

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