Ripple News and XRP Price Analysis: Ethereum Co-founder Thinks Ripple is Not A Blockchain. Saturday, August 18
Important Ripple Cryptocurrency News
Ethereum Co-founder Thinks Ripple is Not A Blockchain
Joseph Lubin, the Consensys founder and co-founder of Ethereum said that Ripple is not a blockchain. This was his when asked of the possibility that networks that trade security for speed would dominate the space in the future.
Lubin maintained that “Ripple is not really a blockchain but a payment platform”. Speaking to Bloomberg, he said that he does not consider Ripple a competitor of Ethereum.
Another competitor which Lubin described at “slightly decentralized” is EOS of which he said, “EOS is an interesting technology but it’s incredibly dangerous to treat it as a layer-one technology,” he continued, disagreeing his perspective was “geek speak for the death of EOS”
Lubin explained what he meant by the a “slightly decentralized” EOS by making reference to the platform’s decision-making apparatus that comprises 21 individuals who know one another.
Ripple Labs Announces Preferred Exchange Partners
Ripple Labs this week named three exchanges- Bittrex (USA), Bitso (Mexico), and Coin.Ph (Philippines) as their preferred partners in their trans-border payments transactions. The selection of the exchanges is based on the XRP holdings of the exchanges.
With the collaboration in place with the exchanges, banks in these countries can trade fiat for XRP in these exchanges and consequently use their XRP holdings to facilitate international banking transfers using the Ripple ledger.
XRP Records 16 Percent Rebound
The coin market recorded a rebound on Friday in a bullish round in which Ripple (XRP) led the altcoins making gains of 16 percent. The coin made progress as it rose from 0.29065-fiat to 0.32853-fiat increasing the coin cap to nearly $13 billion.
The rally coincided with the announcement by Ripple Labs that it plans to strengthen its cross-border payment system xRapid that involves banking integration. The coin is presently trading at $0.3270.
XRP/USD Price Chart, Saturday August 18th:
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