Why Bitcoin and Ethereum Could Not Compete with XRP in Global Payments
🔹 Main Idea:
Bitcoin (BTC) and Ethereum (ETH) are not suitable for global payments in terms of technical performance and regulatory compliance, while XRP excels in speed, cost, and scalability, making it more suitable for financial institutions.
🔹 Key Points:
1. ✅ Scalability:
BTC and ETH process less than 20 transactions per second.
XRP processes up to 1500 transactions per second, with almost no cost and a confirmation time of no more than 4 seconds.
2. ✅ Regulatory Compliance:
The high volatility of BTC and ETH, slow transactions, and high energy consumption hinder their adoption by institutions.
XRP is designed to be compliant with regulatory frameworks.
3. ✅ Institutional Design of XRP:
XRP uses the Federated Byzantine Agreement (FBA) consensus mechanism, suitable for institutional systems.
4. ✅ Adoption by Institutions:
Major financial institutions like Bank of America and Standard Chartered prefer technologies like XRP because they meet the requirements for speed and reliability.
🔚 Conclusion:
XRP technically and regulatory-wise surpasses BTC and ETH in the field of global payments, making it the preferred choice for institutions rather than just a speculative tool like other digital assets.
