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.

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.”

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.

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Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

1 COMMENT

  1. Hugely misleading title, and article. By his use of trademark symbols (™), Vitalik is clearly poking fun of commonly disputed XRP claims regarding bank partnerships and institutional investment.

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