Bitcoin price prediction coinbase
In this article we will look at the hidden reasons behind the refusal of the Coinbase platform to add Ripple XRP. The Ripple company owns billions of this currency and can manipulate the price of the currency by displaying the currency units for sale and thus leading to the collapse of their value.
Although the company is making good profits for itself mainly from the services which it is providing to banks, and although it enjoys the confidence of large financial institutions, but the billions of this currency scare the defenders of the decentralized and mineable digital currencies.
The company put forward a plan to offer 55 billion of XRP. This plan means that each month it will offer 1 billion units to sell and that over the next 55 months it will end its monopoly of this currency , stressing that the mechanism of selling this quantity will be safe and good and will not adversely affect the price of supply.
The company started this plan since the end of the last year. There is another reason behind this unjustified and indirect rejection of this successful digital currency: It is clear that Coinbase supports Bitcoin and its family which are the currencies that can be modified on their own technology by their enthusiasts, while Ripple XRP which is owned by one company that will continue control it, is a very fierce competitor and different from Bitcoin and her sisters.
Ripple company has successfully concluded agreements with dozens of banks and financial institutions including Western Union, MoneyGram and other institutions, and offered its currency as the best in all respects as it is less expensive and faster in remittances and safe.
The most horrifying point for the Coinbase platform and the Bitcoin community is that this digital currency has a vision of rapprochement with the global financial system rather than fighting it.
The competition between Coinbase and Ripple shows an important issue: This is the second time that rumors have been circulating about the direction of the Coinbase to add Ripple XRP to the trading, and the company published an official statement denying the rumors. While thousands have submitted an electronic petition for approval without responding to their demand to keep the third largest cryptocurrency outside the largest trading platform in the United States.
Founder and Editor of RippleCoinNews. Passionate about how technology can empower people to create a more just and sustainable world.
Don't like authorities that are ruled by international corporations. It is perfectly natural to have a steep learning curve for emerging technologies. And make no mistake, cryptos are on the bleeding edge of emerging tech. Not only are they a relatively recent phenomenon, but they are fundamentally different from other asset classes.
That is what makes them so special! My larger point is that mainstream uptake is always contingent on user experience.
Coinbase has a smooth and intuitive platform that has made it incredibly popular. As such, it feels the least shady to investors just dipping their toes in the crypto pool. I am a robot. I just upvoted you! I found similar content that readers might be interested in: Therefore, it needs to be listed on Coinbase.
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