For bitcoin being an efficient online currency, the transaction fees make it impractical. Ripple provides a much better way of doing micropayments.
If one would want to build a way to make a router provide payed access to anyone who comes along, Ripple is a better technology. The same goes for renting VPN on demand and similar tasks.
It much easier to imagine that some third world country shifts from using prepayed mobile cards for distant currency transfers to using Ripple than that they shift to using bitcoins.
Ripple allows an entity in the country to play bank and issue currency. That means that a village in Africa where everyone has a smart phone could just decide that the village government issues currency and demands that taxes get payed in that currency.
The village can issue enough currency that the whole economy of the village runs in the currency.
On the other hand a village in Africa can’t simply switch to bitcoin, because they would have to buy them expensively and they don’t have money to do so.
Ripple also has the advantage of payments clearing much faster than bitcoin payments
Ripple allows to make payments in Dollar or in Euro if you want to do so without having any risk of fluctuating exchange risks that you have with bitcoin.
Maybe another process will even improve on Ripple but I think Ripple is superior to bitcoin for most purposes, so Bitcoin won’t stand a chance over the long run.
Ripple has also the advantage that it has a business model that can pay for developers so I would expect it to get more development hours than bitcoin.
For bitcoin being an efficient online currency, the transaction fees make it impractical. Ripple provides a much better way of doing micropayments.
If one would want to build a way to make a router provide payed access to anyone who comes along, Ripple is a better technology. The same goes for renting VPN on demand and similar tasks.
It much easier to imagine that some third world country shifts from using prepayed mobile cards for distant currency transfers to using Ripple than that they shift to using bitcoins.
Ripple allows an entity in the country to play bank and issue currency. That means that a village in Africa where everyone has a smart phone could just decide that the village government issues currency and demands that taxes get payed in that currency. The village can issue enough currency that the whole economy of the village runs in the currency.
On the other hand a village in Africa can’t simply switch to bitcoin, because they would have to buy them expensively and they don’t have money to do so.
Ripple also has the advantage of payments clearing much faster than bitcoin payments
Ripple allows to make payments in Dollar or in Euro if you want to do so without having any risk of fluctuating exchange risks that you have with bitcoin.
Maybe another process will even improve on Ripple but I think Ripple is superior to bitcoin for most purposes, so Bitcoin won’t stand a chance over the long run.
Ripple has also the advantage that it has a business model that can pay for developers so I would expect it to get more development hours than bitcoin.