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@Sebastian has previously pointed out, rightly so, that Circle may be the most realistic competitor to Ripple at the moment. Seemingly working backwards, Circle worked on creating a peer to peer value transfer service, and is now looking to integrate crypto into that service. Part of the argument about XRP being valuable is that it'd make it difficult for another company to create a crypto that we somehow trust, but if that said company had already built a platform people trust, and then issued their own currency, then flipped the switch, it's conceivable they could usurp quite a bit of market from XRP. Particularly if they go the banking route, which they seem to be doing. Obviously Ripple is going enterprise, not Peer-to-Peer so that could be the primary difference. Companies are going to vie for control of various customer bases so we should be on the lookout for their possible routing strategies.
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Blog URL: https://xrpcommunity.blog/celebrate-the-speculation-and-look-to-utility/ I cover the latest news relating to XRP in today's blog, along with why I believe hodlers can celebrate both speculation & utility! 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The SEC posts an open position for a "Crypto Specialist." 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The International Association for Trusted Blockchain Applications is founded by Ripple and over one hundred other blockchain companies to work with leaders in Europe; and on Monday, April 1st, David Schwartz, Ripple's Chief Technology Officer, held an "Ask Me Anything" (AMA) session on the Quora platform. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Have you ever wondered if it's possible to guess somebody else's secret key? I've got the answer for you; Bithomp publishes a downloadable tool to facilitate the creation of an escrow; MoneyMessage capabilities are extended to Gmail users; Leonidas Hadjiloizou authors a community-based XRP report for the first quarter of 2019, comprehensively detailing progress and statistics; and Coinbase adds a free value transfer capability for its customers, using XRP and Circle's USDC as a transfer currency. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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https://blog.circle.com/2017/06/14/free-cross-border-payments-european-growth-product-features-and-new-services/ does Circle has/need/use a proprietary currency to make the transactions, like Ripple has XRP? ...
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"Part of making money work the way that the Internet works is overcoming the arcane, siloed systems of currencies and bank transfers that exist today, and making it work the same way that we send and receive email or browse the Web... No one needs yet another closed transaction network. A critical element of Circle’s “money without borders” open value proposition is blockchain technology." Go on... https://blog.circle.com/2016/04/05/circle-and-british-pound-sterling-social-payment-app-updates-limitless-spends-and-withdrawals/
