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  1. #1
    Goldenbruce is offline Brand New Member
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    Default Will XRP become the crypto of choice for making payments?

    Bitcoin has had a good run. Surely, no one can deny that. But is it now so expensive and volatile that it's not very practical for making payments. Could 2025 be the year that XRP becomes popular for making payments in crypto?

  2. #2
    content is offline Public Member
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    No.

    Will it be a choice? Sure.

    I can tell you on my top performing casino, more players choice litecoin than bitcoin(odd that the crypto space trashes litecoin so much, when online gambling is the ONLY multi-billion mainstream industry that uses crypto as a primary payment method of anything). I did have a big XRP depositor the other month. My spread is about 40% litecoin, 25-30% bitcoin, and most the rest ETH though sometimes some others.

    I kinda like XRP, and think it has potential(solana dominated crypto social media this past year with all the memecoins, but really both SOL and ETH are not ideal, both have high risk from MEV for the popular use case of liquidity pools, and ETH is a dinosaur with 7 transaction per second while other networks handle thousands per second, but XRP has 0 mev risk, do to chronological minimal fee transaction processing even for defi activities).

    Litecoin, at least among my players(and also pretty normal with the big slot streamers), seems to be the main fall back to bitcoin(which honestly sucks for deposits and withdrawals due to fees and block times, many casinos allow despits near instantly with other networks, but bitcoin transactions can still take sometimes hours to confirm, not fun if youre trying to chase the slots, lightning network confuses people and never caught on. Many new gamblers start with bitcoin and get tired of fees and waiting so switch, and Litecoin and ETH are the two most common accepted after bitcoin).

    I think XRP is good for many reasons but I do not think they will become the majority market leader for casino deposits or in general with crypto payments anytime soon. XRP has room to grow. I think he biggest thing detracting from XRP is the online community who thinks it will miracullousy grow 500 times the marketcap of bitcoin and become worth like $20k a coin and be worth more than all the realestate in the world and more than all the money every printed combined with gold(if you do the math on what some of the shills predict, they'd need more cash inflow into XRP than all of U.S. gov's spending per year for 100 years combined lol). But I think it's a good coin, and worth mentioning in terms of a deposit option. Though it's probably less than 10% of the deposits on the crypto casinos I promote(and I have made content specifically about XRP before too).

    Bitcoin doesn't dominate among slot players, at least 60% of my players use something other than bitcoin. So I think bitcoin maximalists really should look at the $250b industry(my estimate actually that gambling is $500b, based on calculations from evolution gamings public numbers, in terms of how much deposits they needed on partner casinos to make that much rev, and factoring in how much marketshare they actually have vs all the slots sports sports betting, considering most the curacao online casinos aren't publicly reporting their revenue, I think the popular $150b to $250b number is way off. Go ahead and try based on evolutions numbers how much deposits casinos got to make them that, then multiple by how much marketshare other slot providers and sports betting got, imo at least $400b-$500b a year) that crypto is actually used in, because bitcoin really isn't the be all end all.

    I think XRP has good potential, but not market dominance potential.

  3. #3
    Goldenbruce is offline Brand New Member
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    Thank you for a very thoughtful reply. I'm also amazed by those who think XRP is going to be worth hundreds - or even thousands - of dollars per coin. There are just too many coins in circulation for this to ever happen.

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    serious is offline Non-sponsor Affiliate Program
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    Well, at least the cost of address activation has decreased for XRP! On my sites, most people buy for bitcoin. We promote litecoin as the main crypto, since it is cheap and fast transactions. By the way, ETH on ERC 20 is often confused with ETH on BASE, where the cost of a transaction is almost zero, and as I understand it, this crypto is promoted by Coinbase - one of the most popular exchanges on Tier 1 markets.

  5. #5
    Eleni-CasinoGruppen is offline Private Member
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    Quote Originally Posted by Goldenbruce View Post
    Thank you for a very thoughtful reply. I'm also amazed by those who think XRP is going to be worth hundreds - or even thousands - of dollars per coin. There are just too many coins in circulation for this to ever happen.
    Many people online make bold statements about a crypto's growth, promising 500x and more on the price, yet they seem to be forgetting that the market cap of said coin would probably surpass all fiat currencies and coins in circulation in value, if their predictions came true. XRP is indeed aiming to be the decentralized version of SWIFT, and its competitors are few (TRON, Algorant, Quant etc), so if XRP manages to get a foothold on the real world, it will have a large number of users. However, XRP's total circulating supply is 100 billion (current is 59 billion with more coins to be issued in the future) and, if it reached 20-25k per coin means that total market cap would be 2 Quadrillion+ USD. That is more than all human economic output combined (including all assets AND financial derivatives). So yeah, it is 99.99999999999999% an exaggerated claim and wishful thinking.

  6. #6
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    efialtis is offline Private Member
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