The company behind one of the top 3 cryptocurrencies in the market, Ripple, has located itself to be one of the most vital crypto companies in the ecosystem as well as the whole blockchain scene as a whole.

In the past few weeks, the value of the XRP token has been fluctuating massively but now the coin seems to be on a steady path and has even surpassed Ethereum and became the second most important digital currency in the space for a short time.

Ever since altcoins began to gain some traction to a bigger audience, the question has been asked of who the next big player in the crypto world will be. During Ripple’s Swell Conference held in San Francisco earlier this week, the CEO of Ripple Labs, Brad Garlinghouse has had his say on how he believes XRP is faster, cheaper and a more decentralised coin compared to Bitcoin:

“I really don’t think about the price performance. I do think about the technical performance. And I think about the fact that XRP is about 1,000 times faster than a Bitcoin transaction and about 1,000 times less expensive than a Bitcoin transaction. XRP has demonstrated it is the most efficient digital asset to solve a payment problem.”

Garlinghouse isn’t the first personality to use this type of advertising. Others have also compared their Altcoins with certain aspects of Bitcoin in an attempt to persuade the public to move into altcoin territory rather than Bitcoin.Bitcoin Cash’s Roger Ver, Charles Hoskinson of Cardano and Ben Doernberg of Dogecoin.

Ripple has recently announced that one of its flagship products, xRapid is now available for commercial use which has already been implemented by multiple banks of a recognised reliability.

This announcement was received with a warm heart as the crypto community saw it come in with open arms. Whether it is bigger than Bitcoin or not doesn’t seem to bother users either. XRP seems to fill a gap somewhere between disruptive technologies and traditional. XET Fund’s ‘boogieman’ commented on the matter saying:

“It’s clear it’s a cryptocurrency for banks. Imho, there is a big market for such tech, and it is already in use. And it will grow many times. People who criticise XRP just do want a crypto for banks. While masses will never know about crypto without this step, XRP is taking. The world will not use crypto tomorrow, tomorrow they will use XRP, and the next week they will learn about the power of crypto and leave the banks. The change never happens in a day, and XRP is a middle step in that long way. “

What are your thoughts? Do you think XRP is better than BTC? Let us know down in the comments!