CRYPTOCURRENCY | BLOCKCHAIN
As the crypto world prepares for the next bull run, a familiar debate is taking center stage: Ripple’s XRP or Stellar’s XLM, which is the superior cryptocurrency for investment?
Both XRP and XLM have amassed significant attention, often touted as two of the most promising contenders for mainstream adoption. Let’s break them down, taking a closer look at their potential as the superior cryptocurrency for the next major rally.
Founders and Teams: The Brains Behind the Coins
XRP: Founded by Chris Larsen, David Schwartz, Jed McCaleb, and Arthur Britto, XRP is the cryptocurrency of the Ripple Ledger network. The Ripple team comprises experts with extensive backgrounds in digital payment systems. Its team has actively formed partnerships with international banks and financial institutions.
XLM: Stellar Lumens was also co-founded by Jed McCaleb after parting ways with Ripple. Stellar Development Foundation, a non-profit, oversees its growth, and it is focused on connecting banks, payment systems, and people to allow for large-scale, low-cost financial transactions.
Replacing Banking Processes: A New Financial Paradigm
XRP: Ripple’s primary use case is for real-time gross settlement, currency exchange, and remittance. It positions itself as an efficient, low-cost solution for cross-border payments, aiming to replace traditional banking systems like SWIFT.
What is XRP? Ripple Explained with Animations
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