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AMP versus XRP, what are the differences?

  - 7:35

Amp and XRP cryptocurrency differences, do they really have any? Yes and no. They are both exchange mediums, meaning they take one currency in one end and can spit out another on the other end, but as far as that goes, that is the end of their similarlities. The big difference between AMP and XRP is in their usage. XRP is a lot more institutional facing and AMP is a lot more customer facing. At this time, I can use AMP in the store to buy shoes, and I cannot use XRP for that. However, in an effort to remain unbiased, I can use XRP for a large capital transfer from the US to Europe, and I cannot use AMP for that. The big difference in my opinion, is that AMP seeks to make cryptocurrencies into a medium of faily exchange for goods and services and XRP does not seem to be going that direction. They are both excellent coins, solid ideas with a great network behind them, but radically different end games. Will they both be around for a long time? Yes. Will you be using them in the near future? AMP, probably. XRP? Probably not. I admit I am biased, but until I have the necessary capital to need to move Bitcoin on one end and spit gold out the other end, I just don't see what I would use XRP for.


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Uploaded 3 years ago  

May 27th 2021  

File Size: 151 MB

Category: How To & Education







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