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    Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26870698 times)
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    Coinseeker
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    July 25, 2013, 06:55:10 AM
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    Is Ripple actually gaining any traction as a payment network?

    I've yet to see a single business accepting XRP or payment through Ripple network, or hear about any major/regular transaction going through it..

    Are there any stats about this out there?

    This is a common misconception of XRP and the Ripple network.  

    The goal of Ripple is not to get people to accept XRP as payment.  That is not necessarily what XRP is for, nor is that what the Ripple network is about.  Ripple is for providing access to ANY currency not just one.  So for Bitcoiners, you could pay a business connected to the Ripple network, that dosen't even accept BTC, with BTC.  The business would receive on their end, any currency they choose.  XRP can be used to facilitate that trade, assuming that is the cheapest path.  Or, if liquidity exists, and it's the cheapest path, BTC -> USD or EUR or whatever the receiving business accepts.

    Remember, Ripple is still in deep beta so "traction" is not something that I suspect is being pushed.  Their investor list is quite impressive however, so from that perspective, their traction is quite good.
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