XRP as the #1 bridge between cryptocurrencies

[Takk]

One of the areas where Bitcoin has been shining over Ripple and other cryptocurrencies is in trade between digital assets.  

With SBI now partnered with Ripple and Kraken, this could be about to change.   If Ripple continues to build and take advantage of its banking partnerships in Asia and around the world, XRP will no doubt become the major bridge currency for trade between fiat.    If the new bank-backed exchanges really do have XRP as the bridge between all assets, both digital and fiat, then XRP's dominance within both spaces will be assured. 

At the moment, Bitcoin is really the only link people have to the other cryptocurrencies.  Much of bitcoins recent growth could be attributed to growth of the space in general and its role as bridge currency.   With Bitcoins current issues and the unique position held by Ripple's XRP, that could be about to shift.    

Edited April 7, 2017 by Takk

[Hodor]

27 minutes ago, Takk said:

With Bitcoins current issues and the unique position held by Ripple's XRP, that could be about to shift.    

Spot on - BTC is not a good bridge currency for a LOT of reasons.  XRP was constructed for this purpose, and it's central to Ripple's tech and business strategy. 

[LetHerRip]

48 minutes ago, Takk said:

One of the areas where Bitcoin has been shining over Ripple and other cryptocurrencies is in trade between digital assets.  

With SBI now partnered with Ripple and Kraken, this could be about to change.   If Ripple continues to build and take advantage of its banking partnerships in Asia and around the world, XRP will no doubt become the major bridge currency for trade between fiat.    If the new bank-backed exchanges really do have XRP as the bridge between all assets, both digital and fiat, then XRP's dominance within both spaces will be assured. 

At the moment, Bitcoin is really the only link people have to the other cryptocurrencies.  Much of bitcoins recent growth could be attributed to growth of the space in general and its role as bridge currency.   With Bitcoins current issues and the unique position held by Ripple's XRP, that could be about to shift.    

I was thinking about this exactly the other day also!

[hamasugu]

I think that Ripple become key currencies on the network as bridge currency of fiat first, too.

Next, Ripple would encroach on BTC as key currency of cryptocurrency.

If people are familiar with Ripple enough,BTC begins to be replaced. 

Kitao CEO of SBI said that a seminar of RIPPLE is performed.

SBI group has a dedicated seminar company.

http://www.sbi-moneyplaza.co.jp/

Probably seminar about Ripple is carried out, too.

More people will know Ripple.

 

 

 

 

Edited April 7, 2017 by hamasugu