Who Holds More Ground in Cross-border Remittance – Ripple (XRP) or Stellar (XLM)?

The battle of wits in the crypto sphere is still ongoing despite the bearish market. The stage seems to have been left for cross-border payment contenders – Ripple’s XRP and Stellar Lumen’s XLM. For some months now, these coins have been making headlines with their continuous quest for supremacy in international transactions.

Investors are already buying into the idea of merging the two to create a formidable force in crypto transactions. With the current tempo, such action is not likely to happen anytime soon. In spite of this, Ripple (XRP) and Stellar (XLM) are not ready to concede defeat. The poser is which is better than the other?

Same Ideology; Separate Use Cases

It is true that some crypto projects are similar. But none has come as close as Ripple’s XRP and Stellar Lumen’s XLM. Both coins have the same ideology of boosting international transactions. XRP on its part focuses on financial institutions.

Stellar (XLM) has interest on the “ordinary citizens”. Stellar’s XLM is providing financial transactions to users in the developing world. In the light of this, one cannot help but wonder which is better. However, Ripple’s (XRP) partnerships have consolidated its footprints on cross-border transactions.

Supply Units – Another Turf of War

As the battle for firm grip on international transactions rages on, it seems Ripple’s XRP is coasting home to victory with limited supply unit. Cryptocurrencies are volatile but for a promising coin like Ripple (XRP), the 100 billion maximum supplies will create scarcity. With this, investors will be making rushes to lay hands on some XRP. When compared with Stellar’s (XLM) unlimited supply, Ripple (XRP) can create market scarcity to increase the coin’s value. It is worth noting that the team controls about 60% of the coins’ supply. To this end, artificial scarcity can be created when the fortunes of the coin dwindle.

Stellar (XLM) is “Down to Earth”

From another perceptive, Stellar (XLM) holds the four aces in international transactions. The concentration on end-users makes it possible for the “unbanked” to take a bit off financial transactions; even without a bank account!

IBM: The Mother of All Transactions

The latest trend in the crypto community is nailing more partnerships that could have bring the green back to a cryptocurrency. Ripple (XRP) topped the list of crypto coins with impressive partnerships. From MoneyGram to choice banks in Saudi Arabia, Ripple (XRP) has no doubt, made positive marks with partnerships.

In a counter move, Stellar landed a merger with IBM. This move could counter all partnerships Ripple (XRP) made in the past. IBM has lots of partners around the world and reports have it that the company is already campaigning for Stellar (XLM). If this pulls through, Stellar will certainly toss Ripple (XRP) off the stage.

Drawing the Curtain

Ripple (XRP) and Stellar (XLM) have unique chances to make their presence felt in cross-border transactions. Even though they work on the same premise, future events might put an end to their stiff competitions.

Meanwhile, Ripple (XRP) enjoys massive adoption from banks (Central banks included) around the globe. In the coming months, IBM’s support for Stellar (XLM) could trigger the coin’s cross-border transactions over Ripple’s (XRP) that is if the latter failed to continue in this pace.


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Niyi Adejare Moses Author

Niyi Adejare is a cryptocurrency analyst. He has written many articles on cryptocurrency, technology, and personal development.

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