Cryptographic currencies, XRP and Stellar, are coming out of their shells. The plan is to collaborate with platforms that have been included in the blacklist by Blockchain technology as selfish and biased oriented.
Price XRP (XRP) today – XRP / USD
Currently, there is a warmongering crypt, and it could degenerate proportionately. Technology support Ripple and XRP are fighting Stellar, its closest rival.
The duration of the war is not yet known, but it is clear that a winner must emerge from the two.
The best option for cross-border payments
Ripple was launched six years ago but has taken huge steps in this short period. These moves have increased its value on the market. It is currently third in the ranking by market capitalization.
In the beginning, Ripple was interested in making cross-border payments as simple as possible. The company succeeded, and it was ironic that his rival, Stellar, had entered the scene hoping to replace Ripple.
Investors have no idea which of the currencies should be used for the purpose. Many had launched Stellar against XRP, but it is not right to conclude quickly without giving all parties a fair hearing. Ripple started before XLM.
However, it's not enough leverage up. Rather, understanding the functionality will end the discussion once and for all.
Stellar set to Topple XRP
Throughout 2012 and 2013, Ripple dominated the sector when it came to cross-border transactions. Solutions seemed to have become acid after Stellar started a year later.
Since then, Stellar has made moves to take the place of XRP. He started this great plan by working with IBM. Analysts believe this move gives XLM an advantage in these payments. It is also the input that can bring the currency of need on a legal basis for users who want cross-border payment solutions.
Furthermore, Stellar seems to be working with the dictates of user-oriented governance that is the rule of Blockchain technology.
XLM is also channeled to help the user have trouble-free payment across borders. Positioning it near XRP shows that XLM has a better chance of attracting and retaining users.
Is XRP better?
While it is true that XLM has the upper hand, XRP could be even better. This is because it is not clear how many people will use it.
For example, XLM has provided the population with non-access to various payment solutions with a bank account. Banks are still important during the use of XRP.
The XRP has been adopted by financial platforms such as banks. These platforms have understood that XRP could be a long-term threat and have decided to bring some services to RippleNet. This is Ripple's technology for some cross-border payments.
The similarities between both
Both Ripple and Stellar have common goals. Currencies want to make cross-border payments faster, cheaper and decentralized. They also share founders and do not require mining because they are made up of private nodes.
Ripple is still the king
XLM is ahead thanks to the revolutionary partnership but lacks key personnel compared to XRP. The XRP has also built a strong community that is evident in its place in the list of market titles.