Vitalik Buterin Says Ripple’s XRP Is A Better Option Than Bitcoin Due To Institutional Adoption And Partnerships
In a recent tweet uploaded by Vitalik Buterin, he says that XRP is a better option than Bitcoin (BTC) itself. He answered a tweet written by the software engineer Pierre Rochard who said that Bitcoin is the ideal stablecoin and store of value.
This is the ideal stablecoin and store of value.
You may not like it, but this is what peak sound money looks like. pic.twitter.com/xZ5HrzGN6x
— Pierre Rochard (@pierre_rochard) February 23, 2019
Mr. Rochard uploaded a graphic in which he shows the price of Bitcoin compared to Bitcoin itself. Thus, the graphic is just a flat line that is worth 1 BTC at all times.
Vitalik Buterin answered that he believes that Mr. Rochard wanted to use the XRP graphic instead. Buterin said that the XRP graphic would look the same but it is also sound money. Additionally, he mentioned that XRP has been adopted by several institutions and signed many partnerships around the world.
Ripple is a company that offers services to financial firms and banking institutions around the world. With Ripple’s products, it is possible for corporations to send cross-border payments in just a few seconds and reduce their costs. In order to do this, Ripple’s services such as xRapid use the XRP digital asset that provides liquidity on-demand to these institutions.
Whale Panda, a recognized Bitcoin supporter answered that it is not possible to use Ethereum (ETH) as a store of value because it is not possible to know whether the graphic is ETH1.0/ETH1.0 or ETH1.0/ETH2.0 which do not have the same value. Moreover, he said that Bitcoin and XRP have a predictable monetary policy, compared to Ethereum that is just a “handful of people on a call that decides it on a whim.”
True, can't do that with ETH/ETH because you don't know if it's ETH1.0/ETH1.0 or ETH1.0/ETH2.0 which obviously don't have the same value. ¯_(ツ)_/¯
And Bitcoin and XRP have a predictable monetary policy. With $ETH it's just a handful of people on a call that decide it on a whim.
— WhalePanda (@WhalePanda) February 24, 2019
There are several comments from XRP supporters that seem to be very happy about the tweet that was written by Vitalik Buterin. Other individuals were attacking him regarding the things he said. However, a Twitter user wrote that Vitalik was being sarcastic with the crypto community in the popular social network.
Bitcoin, Ethereum and XRP are the three largest digital currencies in the market. They have a market capitalization of $73.2 billion, $17.27 billion and $13.92 billion, respectively. Bitcoin can be purchased for $4,169, Ethereum for $164 and XRP for $0.33.