I first came across XRP several years ago and at first I didn’t get the warm and fuzzies over it. It was and still is known as “the banker’s coin”. But then I caught myself in my thinking and I reminded myself of past decisions where I let certain biases cloud my decision. After some reading I thought this company had the inside track to replacing the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system as well as being used in banks all across the planet. In the past I had documented some middleware applications that used a SWIFT plug in. (Editors Note: A “plug-in” is a software application that lets two different applications talk to each other). So I changed my mind and started reading up on XRP and its future plans. Overall, the winning thought that convinced me to buy into the XRP movement was that I should have no qualms about making money off of the banker’s coattails! They have been doing it to me for decades! Just think of how much good I could do with my XRP returns! A while back I came across a table created by Ripple (see below) that compares XRP to Bitcoin (and others) and I knew this would be a useful tool (reference) in my tool chest. Essentially, the table below compares XRP to Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCC), DASH (a security digital asset), and Litecoin (LTC). Ripple published this table in Nov 28, 2017.
| Speed | Cost | Scalability (transactions per second) | |
| XRP | 3.3 secs | $0.0004 | 1,500 TPS |
| BTC | 45 mins | $1.88 | 16 TPS |
| ETH | 4.49 mins | $0.46 | 16 TPS |
| BCC | 60 mins | $0.21 | 24 TPS |
| DASH | 15 mins | $0.39 | 10 TPS |
| LTC | 12 mins | $0.12 | 56 TPS |
Let me know what you think: mike at protonmail dot ch