Ripple owners got some cold water thrown on them, according to Taylor Hatmaker. Over the weekend ripple was the big mover, and it was based on a rumor of Coinbase adding it. This is the second time, Ripple has been a victim of the rumor mill. I hear on the third time charges will be filled. One thing to say about Coinbase, they are not afraid to come out and shoot down a rumor where it stands. Unlike 50 Cents or did he lose that to his creditors.
But back to the Ripple thing, due to its centralized system, a lot of people believe that is why they are getting the green light by banks. Makes sense, if there is a issue then you have someone to talk too. Imagine if Chase sent 4 billion to B of A and someone messed up the address, who do you talk to on a decentralized system?
News keeps coming out on Ripple signing up bank after bank, curious to see how many continue to sign up. I feel this is going to be the first big adoption of the blockchain tech by the business world.