Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Leading XRP Developer Codes Projects Outside of Ripple, Talks Crypto Beyond Big Business

by Daily Hodl Staff
November 3, 2018
in Altcoins

Host Tom Shaughnessy of the 51percent Crypto Research podcast recently interviewed the developer of the XRP Tip Bot. Hailed as a game-changer, the social media bot allows users on Twitter, Discord and reddit to send small amounts of XRP to tip other users, showing their appreciation for great content and knowledge sharing.

By developing the tip bot, creator Wietse Wind has bridged two strong communities – social media and XRP.

The seamless integration works by allowing a user to reply to a comment with a simple formatted message that includes the amount of the tip.

+<amount> /u/xrptipbot (reddit)

+<amount> @xrptipbot (Twitter and Discord)

The application, which creates a new way of social interaction, shows how cryptocurrency is a new form of money that can outperform old-fashioned fiat where transactions between peers carry bloated processing fees.

In the interview, “Wietse Wind: An Unbiased Conversation On XRP The Cryptocurrency Beyond Ripple The Company,” Wind tracks his developments as a crypto hobbyist. He begins with his early interest in cryptocurrency in 2010. In 2016 he saw an interview with David Schwartz, Ripple’s CTO.

“I noticed that the technology is really easy to get started with. If you’re a web developer or someone who programs in his spare time and knows some JavaScript and stuff like that you, you can just get started in a few lines of code. That got my attention. I kept on doing that – coding, sharing code, open source, creating XRP projects, and I’m doing that almost full-time now.”

[the_ad id="42537"] [the_ad id="42536"]

Wind says XRP delivers on some critical advantages over other cryptocurrencies, making it a sensible choice for developers who want to create real-world applications for consumers and small businesses. It’s fast, cheap and easy to implement in apps and in browsers, and it doesn’t require a massive setup because the software is designed to allow developers to run smaller nodes that don’t require downloading the entire history of the blockchain in order to interact with it.

Wind says that although there are other cryptocurrencies with similar benefits, XRP’s ability to settle transactions within 4 seconds makes it the most attractive. His primary focus, however, is on use cases for consumers, peer-to-peer transactions and small businesses.

These types of applications for XRP fundamentally differ from the main objectives of the company Ripple, which is targeting banks and remittances. To date, Wind says over 70,000 XRP tips have been sent through his tip bot, roughly 100,000 XRP, or a total of about $45,000, with zero dollars in transaction fees. To send $1 in XRP to another user, for example, is free.

Wind talks about applying creative to the space and producing other applications that can be built on top of the technology. He’s currently working on ways to implement XRP tipping at restaurants and other venues.

“It’s still a hobby that got out of hand. It’s still fun. There’s no business model. The community tips me to keep the servers running.”

“Even if Ripple would disappear tomorrow, I believe we would still be able to keep the network running and all the advantages, like price, security, speed, would still be there…

For me, personally, nothing would change. I still think their technology can be used for many, many different things, and it would really solve real-world problems.”

As for mainstream adoption by everyday people who are comfortable with banks and the services they provide, Wind says he’s uncertain about a cryptocurrency takeover. His own mother, he admits, wouldn’t use cryptocurrencies because she has traditional banking cards that work for her.

“In the long term I think it will be a device to transfer value under the hood, and people will just see their own local currency, and they will just be able to send value fast and cheap to someplace.”

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • DAM Finance Receives Strategic Investment From Arrington Capital Moonbeam Growth Fund
    August 11, 2022
  • Metaverse, Web 3.0 Disruption and Blockchain Advancement To Be Discussed at MetaWeek in Dubai
    August 11, 2022
  • DeFiChain Community Brings Attractive Rewards for DFI ERC-20 Pairs on Uniswap
    August 8, 2022
  • Bware Labs Announces the Blast Incentivized Testnet, Code-Named Houston
    August 8, 2022
  • Aurigami Collects $12 Million War Chest To Grow Aurora-Based Lending Protocol
    August 2, 2022
  • Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network
    August 2, 2022
  • Serenity Shield and Digital Insights Announce Strategic Partnership
    August 2, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$24,571.58
$24,571.58
0.11%
Ethereum
$1,988.81
$1,988.81
1.17%
Cardano
$0.588329
$0.588329
8.83%
XRP
$0.382492
$0.382492
0.38%
Dogecoin
$0.074146
$0.074146
1.45%

Spotlight

  • BlackRock and Coinbase Deal Could Trigger Bitcoin Burst to $773,000, According to InvestAnswers
    August 8, 2022
  • Macro Guru Raoul Pal Sets Price Target for Ethereum (ETH), Predicts Slowdown of Inflation
    August 10, 2022
  • Shark Tank Investor Mark Cuban Hit With Class Action Lawsuit for Promoting Voyager to NBA Fans
    August 12, 2022
  • Crypto Markets To Face Biggest Test of 2022 This Week, According to Analyst Justin Bennett – Here’s Why
    August 8, 2022
Finance Magnates London Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl