Ripple (XRP) or IOTA (MIOTA): Who Will Champion the DLT Cause?
There is no doubt that Ripple’s XRP has gotten the attention of many. From banks to Hodlers, the coin is a goldmine. However, the fight for dominance is not only coming from its main competitor – Stellar Lumens (XLM). IOTA (MIOTA) is very much in the game of usurping Ripple (XRP) from its spot. The poser is “which of the coins will champion the cause of the Distributed Ledger Technology?”
IOTA (MIOTA) Cements its DLT Roles
The second quarter of 2018 was quite welcoming as many coins were in the green. IOTA (MIOTA) came out of market crashes without unscathed. Now, it is gearing towards dominance of the crypto sphere. The coin is truly living up to its DLT dispositions and is already consolidating on its achievements. Despite stiff challenge coming from Ripple’s (XRP) DLT, IOTA (MIOTA) is making moves to gain more fiat adoptions.
The team behind the coin with open arms welcomed Dr. Rolf Werner, the erstwhile head of Fujitsu’s businesses in Central Europe. His entrance to IOTA’s (MIOTA) breeds many business connections for the coin.
IOTA (MIOTA) is beyond Machine-to-Machine Communication
In spite of having its concentration on IoT, IOTA (MIOTA) is leveraging its DLT to create more use cases. This time, the focus is on other industries that are inclined to the blockchain. For instance, the coin’s team is hitting on collaborations with major players in education, health, and supply chain management. Hence, it will not be all about machine communications but more of the use of the blockchain in the real world.
Ripple’s (XRP) DLT takes New Shapes
Ripple’s (XRP) biggest fan, the SBI Group has taken another leap at improving the coin’s fortunes. In the light of its quest to facilitate cross-border payments, the group rolled out the MoneyTap mobile application.
The iOS and Android compatible app that is available to three banks in Japan uses Ripple’s (XRP) Distributed Ledger Technology. This is a great way of driving more adoptions of the coin’s framework.
In addition, Ripple’s (XRP) fiat competitor, SWIFT laid credence to the fact that the coin’s DLT was impressive. Despite the fact that the payment protocol (SWIFT) declined further information on the prospects of Ripple’s XRP, it is clear that the coin’s xRapid product will outwit other competitors in cross-border remittance.
With the volatile nature of the crypto sphere, the tides can turn against any of these coins. From the foregoing, Ripple’s XRP has been making waves. However, IOTA’s (MIOTA) is a force to reckon with.
Despite the fact that Ripple’s (XRP) cross-border remittance is getting accelerated adoptions, IOTA (MIOTA) is giving it a run for the money by coming up with more use cases. With crossed fingers, the crypto community awaits a slip from any of their architecture – a slip that will crown one of them the leader in DLT.
Lawal Khalid Abiola Lawal Khalid Abiola Author
Lawal Khalid Abiola is a creative writer, entrepreneur and innovation lover. He contributes to platforms like ThriveGlobal, and also an editor at PRKnot, a Public Relation firm at its threshold. Lawal Khalid Abiola is an avid lover of Cryptocurrency.