Ripple XRP against Bitcoin when compared more than once turned out to be significantly higher. The Ripple XRP digital asset helps with cross-border transfers. In addition, various experts have repeatedly noted the scalability of Ripple XRP and efficiency. So, a MAGIC analyst on a social network said that Ripple XRP is better than Bitcoin, because it has true utility, and skepticism is caused by an unfair assessment.
Ripple XRP vs Bitcoin: Details
Ripple XRP, unlike Bitcoin, has true utility, and skepticism is caused by an unfair assessment, according to a MAGIC analyst. The expert said on a social network that Ripple XRP is significantly higher than Bitcoin. This opinion about Ripple XRP was made by an expert at MAGIC in response to a preliminary review of Bitcoin’s usefulness, its true market for valuation, and the chances of an increase after 2019.
According to the expert, XRP, which gives Ripple an advantage as the best alternative to SWIFT in the field of global money transfers, can be underestimated, given its use as an on-demand liquidity agent. It is worth noting that recently Ripple stopped institutions from direct procurement of XRP and instead sent them to the secondary market. Supporters of Ripple XRP regarded this as a fairly positive point.
Commenting on the situation with the two digital assets, the MAGIC analyst emphasized that the Ripple XRP has real usefulness and, therefore, measurable value. However, there is a certain injustice in the assessment, because this cryptocurrency is compared with Bitcoin, which does not have any real benefit. Bitcoin may also have some of its advantages, but they are not used. Bitcoin’s value is to a certain extent speculative in nature, that is, based more on hype. On the other hand, this digital asset may collapse soon if it does not find real use. Thus, Ripple XRP in this case is an obvious gain, as it is used in money transfer technology.
This may mean, among other things, an increase in the cost of the Ripple XRP in the future, as well as a certain price leadership after a certain time. It was previously known that Ripple could help the European Union by acting as an alternative to Libra Facebook.