If you're interested in crypto, you must have come across XRP and XLM, and both are always said to have fierce competition between them. So why is that? Let's understand the story from the beginning.
The origin is the same.. but the direction has changed
For those who don't know, both of their founders were people who worked together!
XRP was launched by Ripple in 2012 to facilitate international bank transfers quickly and with very low fees. Its main goal is to serve large banks and financial institutions.
After a while, one of the founders of Ripple, named Jed McCaleb, decided to separate and establish a new project called Stellar, which created its currency XLM. But this time the goal is not just banks, but also individuals in countries without good banking services. So XLM has a more charitable nature.
What makes people compare them?
✅ The technology is quite similar: both use the same basis in their blockchain technology and offer high transfer speeds with almost no fees.
✅ Almost the same field: both operate in the field of cross-border payments.
So what are the differences?
💰 XRP: It has partnerships with very large banks and payment networks (like Santander and American Express), but it has legal issues with the U.S. Securities and Exchange Commission (SEC) which sometimes affects its price and movement.
🌍 XLM: It works more with charitable institutions and organizations that help people in poor areas, and has a strong partnership with companies like MoneyGram to reach ordinary people.
Market movement
XRP is likely ranked higher than XLM in terms of market value, which is due to the strength of its partnerships. However, XLM has the advantage of focusing more on global financial inclusion.
Who will win?
The truth is, there isn't one correct answer. If you are looking for a project that supports big banks and large financial networks, you might bet on XRP. If you prefer a project aimed at serving simple people and providing an alternative to banks, then XLM is closer for you.
Both have a future if they can solve their problems and develop themselves. The winner in the end is the one who can attract the largest number of users and partners.
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Summary ✨
XRP and XLM are originally siblings, but each chose a different path. The competition between them is not a war, it's a healthy competition that drives the market and makes this field develop faster.
So tell me, who do you think will win the race? Share your opinion, and if you liked what you read, give it a share and a like so everyone can benefit! 🚀
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