As one of the giants of Internet commerce, Amazon not only started accepting digital currencies at the best time, but also has already shown its preference for adopting and promoting new technologies in the past. However, the problem now is which currency will Amazon use? ripple or litecoin? This topic has aroused heated debate. The supporters of these two currencies also have their own opinions.
Ripple
Ripple's payment technology has been adopted by 75 of the world's largest banks, money transfer services and other financial institutions, which has successfully caused Amazon’s concern because:
1. Fast trading speed and low transaction fee
In the Internet world, I think speed is a major factor that needs to be considered. Ripple's rapid transaction just meets this demand. The transaction just takes up to 10 seconds, usually faster, and the usual cost is 0.00001 XRP. (Aother cryptocurrency which can also provides instant and secure transactions for anyone, anytime, anywhere is infinitecoin.)
2.The price of each ripple coin is more easily accepted by most people
Compared to the price of Bitcoin, the ripple price usd is more easily accepted, because Bitcoin is like a luxury favored by the rich, and Ripple is a cheap commodity that most people can consume. This is what Amazon needs because Amazon’s user groups are not just rich people but all the ordinary people.
1. The availability in trading
The e-wallet address and QR code may be an intractable means of trading, but the availability of Litecoin is used in transactions to use money on a platform like Amazon.
2.LitePay and payment platform model
Technically, with the arrival of LitePay, customers will be able to use Litecoin to make payments on Amazon, just as with any traditional debit card.
I personally prefer ripple coin, because I think Ripple's position in the payment platform is not so easy to be shaken, and Ripple's technology in online payment is more mature and experience is more abundant. How do you think of that? Are you more optimistic about ripple coin or litecoin?