An XRP Researcher has indicated that the present situation in the cryptocurrency market, especially the spike in Bitcoin price and volume are great opportunities for Ripple’s XRP, considering the uniqueness of the digital assets, its transaction speed and among others things.
Observing the present crypto market situation, XRP Research Center, an independent Twitter handle dedicated to promoting and researching about XRP, points that poor throughput, slow processing and validation times are what will make crypto lovers jettison Bitcoin for Ripple’s XRP, a digital asset admired for its fast transaction speed and its use case in the remittance industry.
XRP Research Center, based the assertion on the fact that “Bitcoin price and volume spikes are new opportunities for XRP to shine,” adding that “Poor throughput, slow processing and validation times, incremental fees, finality uncertainty and disproportional power consumption are trade-offs that always lead to look for alternatives.”
Bitcoin price and volume spikes are new opportunities for XRP to shine.
Poor troughput, slow processing and validation times, incremental fees, finality uncertainty and disproportional power consumption are trade-offs that always lead to look for alternatives.
— XRP Research Center (@XrpCenter) April 2, 2019
Before XRP Research Center dropped this assertion, there has been different observations across the world concerning the fact that a large number of individuals are considering XRP in place of Bitcoin.
Coinbase Adopts Ripple’s XRP for International Payment
Few days ago, Today’s Gazette reported that Coinbase has adopted XRP and USDC for cross-border cryptocurrency remittance to over 100 countries across the globe. While the action raised eyebrows in the cryptocurrency space, the decision to leave Bitcoin out of the Coinbase across-border remittance came as a surprise and appears a boost for XRP.
XRP community, from day one, are of the opinion that XRP is better than Bitcoin based on many properties exhibited by the digital token.
Coinbase, to make everyone understand the reason it selected XRP for the international remittance service, said it employed XRP owing to the asset’s use case, that is, its performance in the remittance industry.
Beyond Coinbase, yesterday, Mercury-fx Ltd states it saved one of its client $30,000. The customer, according to the firm, needed to move his fund to the UK after selling a house in Australia.
Mercury-fx said: “We just saved a client 30k on moving the cash from selling his house in Australia to the UK. That’s a huge saving compared to what he’d get from the banks – and goes a long way toward paying Stamp Duty on a house here!”
We just saved a client 30k on moving the cash from selling his house in Australia to the UK. That's a huge saving compared to what he'd get from the banks – and goes a long way toward paying Stamp Duty on a house here! #yourewelcome pic.twitter.com/dD2WDI0ow0
— Mercury-fx Ltd (@mercury_fx_ltd) April 2, 2019
Ripple (XRP) Gaining Wide Acceptance in the U.S
Meanwhile, Crypto Daily published today that Ripple is gaining wide acceptance in the U.S. last year, Google Trend revealed that the number of United States users who searched ‘how to buy Ripple’ outnumbered those who that intended to know ‘how to buy Bitcoin’. This is the same in some countries as well, signaling that the Ripple is gaining wide acceptance.