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RE: Ripple - The Future of Bitcoin?
I´m not too deep into Ripple yet. But as they are using it to connect the traditional banks worldwide the currency used (Ripples) has to be quite stable on the long run as the banks might otherwise face issues. So I don´t think the price will skyrocket like e.g. the one of Bitcoin does. How do you see this?
If a lot of major banks use Ripple for transfers then they will have to buy up huge volumes of coins and the market cap wont be like anything we have seen before with alt coins. If Ripple reaches $1 there wont be enough Ripple to cope with that level of international transfer. It would have to be much higher.