Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: coinhunter on October 28, 2017, 07:01:29 PM
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Can't they fork or build their own blockchains?
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my thoughts as well. what benefit would there be for banks when they can create their own since it's open source.
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i dont think so..bank actually hate ripple and its technology
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The idea of coins is to nullify banks and its censorship. Why would banks deal with a coin. Banks don't need coins in general. Not only Xrp
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I need to know more about ripple
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I don't think so banks need ripple although transaction costs are less if using ripple but unless enmasse ripple is promoted by banks the future is bleak at this stage
regards
Balaji
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They don't really need it, but it can be well utilized in place swift ;)
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More than 75 banks are now on Ripple's blockchain
“Our pace [of signing new clients] has dramatically increased,” says Ripple CEO Brad Garlinghouse. “I also think people are getting more comfortable with blockchain technologies. It’s no longer a science experiment. It’s not theory, it’s very real.”
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i dont think so bank need ripple right now
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if banks intend to enter the world of crypto-currency, it is a way of centralizing a currency of exchange.
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I dont think so.
Even if they want to be in this crypto world.
They have enough force to create a new cryptocurrency for their own.
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Maybe, if it's seen as a neutral ground ...
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maybe they need cryptocurrency to attract more investors first and then build them own blockchain
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banks dont need ripple, ripple either. ripple needs people who believe in ripple hype. no big bank uses XRP, only hyperledger
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Ripple is not really a useful altcoin. It completely misses the point of crypto technology in being centralized. Banks already have the capability to send money anywhere in the world with no problem and they LIKE being able to charge fees for it. They could just as easily not charge a fee because it costs them almost nothing.
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I don't think that banks need Ripple and I don't think that any bank will use Ripple. Even if banks begin to use blockchain or tangle(IOTA) for transfer of money why would they use ripple, only to make the owners maybe the richest persons in the world. If I was a bank owner and I wanted to utilize crypto currencies I would prefer to hire developers to make my own blockchain, with my own coins or if we are looking at using a single token between all banks we will be looking for decentralized private asset between all banks and not someones coin which we will have to buy.
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Banks need ripple for fast and secure payments system.... Lately Latin America Bank accept ripple so I think in the future more bank going to be accept ripple
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If we are only looking for fast and secure system - the technology behind visa is superior, with more transactions per second and higher security behind the transactions.
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I think they don't need it. Like Bitcoin, ripple has not reached any peak for it to be considered as very necessary for our generation
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I'm sure most banks already have plans in place to move certain aspects of their business onto the blockchain. Just recently Barclays announced that they have their own crypto desk. And Santander was due to launch their blockchain app in coordination with Ripple yesterday.
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Why create something if it already is, take and use. Big profit. Only on the transaction and processing speed banks save a lot of money.
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Can't they fork or build their own blockchains?
There are a lot of banks that currently have adopted the use of Ripple.when we experience a bear market, when regulations stiffen, it won’t effect the banks adoption of Ripple too much. This means trade volume should remain pretty steady for the foreseeable future.
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Can't they fork or build their own blockchains?
Yes they can, that's why ripple is a shitcoin lol. The devs own 55% of the total supply too, as if that wasn't retarded enough on it's own.
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as of now ripple passed the experiment and according to bankers through there study transaction cost lesser if the use ripple.but for me i don't think bank need need at this time may be 10 years from now
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I think banks will create their own blockchain if they want to get involved in this space.. banks typically dont really like middle men.. unless it's them collecting all the fees and creation rewards... it still remains to be seen though if theyre actually interested in the blockchain incorporated banking in this space.. but I don't think Ripple is the solution.
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Banks know best. no wonder they sign new banks every day. Soon all banks will be in this system. Some pros : the cost of transaction, speed of data processing
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Banks need ripple but at this time ripple does not need by banks because we are not yet at the crypto era.
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i dont think so bank need ripple right now
Yes agree mate. I dont think the banks need ripple right now. bank only intregrated ripple coin, not need.
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Can't they fork or build their own blockchains?
Banks only integrated ripple coin, So I Think It is not need. Maybe In the future It will be needed.
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Can't they fork or build their own blockchains?
I think Banks accepts ripple, not need. because ripple is more stable.
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More than 75 banks are now on Ripple's blockchain
“Our pace [of signing new clients] has dramatically increased,” says Ripple CEO Brad Garlinghouse. “I also think people are getting more comfortable with blockchain technologies. It’s no longer a science experiment. It’s not theory, it’s very real.”
It is a good news mate. I think ripple is bank coin and more stable coin. So many banks accept ripple.
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Can't they fork or build their own blockchains?
Yes I think many banks accept ripple. It the bank coin.
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Can't they fork or build their own blockchains?
Yes, banks need ripple, because ripple is bank coin. The banks integrated ripple coin. That's reason why.
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Can't they fork or build their own blockchains?
Yes , Ripple is bank coin. It will gain more investor. So, I think bank needs ripple.
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Banks already have the capability to send money anywhere in the world with no problem and they LIKE being able to charge fees for it.
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Banks have the capacity to make their own blockchain as they are the first that was founded for fiat transactions before crypto currency. Ripple did something that can connect crypto and banks but now it seems important for ripple to reach all banks in the world.
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Can't they fork or build their own blockchains?
Yes I think banks need ripple. Because Ripple is banks coin, many investor will prefer use ripple than other coins.
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Banks need ripple nor banks does not need ripple. Big banks can create their own crypto that they can handle the entire system. They can manage whether they wanted to pump or dump it.
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Banks needs ripple but due to the efficiency of performance banks did not push to let ripple welcomed in banks domain. Maybe banks are not yet totally prepared about it.
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Can't they fork or build their own blockchains?
Yes I think, because ripple is so popular now. Many investor used it, so I think banks need the ripple.
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actually I do not think the bank really needs Ripple, because I believe that banks will be able and able to build their own.
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Yes because we all know that banks uses ripple in order for the easy transaction where you can prove that it is really needed.
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actually banks can do it all, build and own blockchain themselves, but banks need Ripple because banks know that Ripple is a good future coin.
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They allow ripple to be their partner and by this I think the bank really needs ripple for some services that can be better with the help of crypto.
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Yes because we all know that banks uses ripple in order for the easy transaction where you can prove that it is really needed.
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banks should also be able to create their own blockchain because it will make it easier for banks, but I think banks also need ripple to make transactions more smoothly.
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Bank mostly banned crypto coin that's why i don't think bank really need Ripple coin.Banks do not need Ripple services.
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I think banks don't need Ripple coin but i hope someday it will.For me crypto coin should be accepted in all banks.
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My opinion Banks no need ripple coin but Banks needs to Ripple technology because right platform is bank systems and it enable high security and high speed transactions.
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yes, this is the best find for banks and exchangers for today, I have not yet seen particularly large competitors to this coin
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Ripple melakukan sesuatu yang dapat menghubungkan crypto dan bank, tetapi sekarang tampaknya penting bagi riak untuk menjangkau semua bank di dunia.
Bank memiliki kapasitas untuk membuat blockchain mereka sendiri karena mereka adalah yang pertama yang didirikan untuk transaksi fiat sebelum mata uang crypto.
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Banks need Ripple because banks know that Ripple is a good future coin. Actually banks can do everything, build and own their own blockchain, but banks don't want to do it because the government hasn't legalized the crypto currency.
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For now bank don't need Ripple coin.But i think in the future some banks will used this for safer and faster transaction.
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for now I think the bank really needs ripple, because ripples have very good technology that is very beneficial for banks, and maybe someday the bank will use its own blockchain technology.
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Can banks really build there own block chain technology knowing that the government is against cryptocurrency
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Due to some banks are banning crypto coin,i think banks don't need Ripple coin.I don't think banks can create thier own blockchain.
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This is the future of banks . Now Many countries supporting digital payment system so future many Banks build their own block chain they will follow ripple .
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Ripple isn't generally a valuable altcoin. It totally overlooks the main issue of crypto innovation in being concentrated. Banks as of now have the capacity to send cash anyplace on the planet with no issue and they like having the capacity to charge expenses for it. They could simply not charge an expense since it costs them nothing.
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Banks have the capacity to make their own blockchain because they are the first for transactions before the crypto currency.
Ripple does something that can connect crypto and banks, but it is now important to ripple to realize all the banks in the world.
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Can't they fork or build their own blockchains?
Banks now really need a ripple coin, as they previously used a long-outdated SWIFT method to transfer money, which became very slow. The same ripple coin allows you to transfer money to any part of the world within a few seconds.
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Although ripple do not really follow the decentralised Blockchain technology. It’s centralised and banks already are so banks do not really need it since they already operate well in that.
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The idea of coins is to nullify banks and its censorship. Why would banks deal with a coin. Banks don't need coins in general. Not only Xrp
Yea.Bank don't need Ripple.That's why there are so many banks that do not accept crypto coin because it will lessen their revenue.
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I think the bank really really needs a ripple for now in carrying out its activities to launch the bank's work system.
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Banks already have the capability to send money anywhere in the world with no problem and they LIKE being able to charge fees for it.
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Banks like now have the capacity to send money anywhere on the planet without problems and they like to have the capacity to charge for it. They cannot charge fees because there are no fees.
Ripples are usually not valuable altcoins. This completely ignores the main issue of concentrated crypto innovation.
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I don't think that way, because forks and blockchain have special ways to discuss, and for this I think, that I don't want to ripple fork, why? look at the price that is still 0.4-0.5 usd, if fork, then how much is the ripple price later? most of the coins fork down, and I don't want ripple to experience that. although it could be after fork the price continues to rise.
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ripples have very good technology that is very beneficial for banks, and maybe someday the bank will use its own blockchain technology.
for now I think the bank really needs ripples,
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I have no experience about this. XRP can create their own blockchains. If they contract their coins with the bank, it improves the quality. According to my knowledge, there are many gamela to do this. But they do not support all kinds of coins. So all types of coins can not blockchains.
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banks should be able to build themselves without ripples, but for now the ripples are really needed by the bank, and we can see the potential in the future.
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I think yes because Good news for XRP as State Bank of India partners with Ripple, Coinbase adds XRP to its Custody Service, and Bill Clinton becomes the keynote speaker for Ripple's Swell conference.
https://coinfrenzy.io/sbi-coinbase-bill-clinton-ripple-xrp-price/
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simple answer is no, banks do not
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I think the bank will need ripples so that ripples will be in demand by investors
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My opinion Ripple technology is the advance technology compared with all banks technologies hereby we can send and receive the payment very easily and very fastly but it's transactions fee is almost zero so nowadays many international banks are using Ripple technology and many deal with ripple technology.
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Banks take refuge from Ripple because it is obvious that Bitcoin is a serious threat to banks with decentralized systems.
So you can say that Ripple is the bank's protector from all cryptocurrency threats.
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Banks can use Ripple (the core settlement technology) to gain a better cost-structure for real-time cross-border payments. This is the result of a more efficient technical settlement infrastructure (which has a direct impact on the costs of avoiding settlement risk). Banks can also gain more efficient processing and liquidity management capabilities by using products developed by Ripple Inc.
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The banks hate crypto currency because this technology didn't need banks, but ripple can lobby banks to join them campaign. and use it for transaction.
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The problem here is why do you need to invest and take long time to create your own coin when you already have a potential banking coin like Ripple? THe cost and time for create a new coin that can compete with Ripple is really high and instead of that, use Ripple will surely saving a lot
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The problem here is why do you need to invest and take long time to create your own coin when you already have a potential banking coin like Ripple? THe cost and time for create a new coin that can compete with Ripple is really high and instead of that, use Ripple will surely saving a lot
Actually, many coins that have low transactions are not only ripples, like litecoin doge and others that have low tax transactions and the delivery process is quite fast. It's just that ripple is better known by many people and they are already well-known in every bank
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In my opinion the answer here is yes because Ripple has a good blockchain with a fast speed of transactions and a low price that can easily use for payment too
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I think yes because Banks are really needs to upgrade therefore Ripple is the best option for Bank systems actually Ripple technology is very high speed and more secure than normal Bank systems here by we can make high payments very simple.