4 Vital Services that Ripple (XRP) and Stellar (XLM) Can Improve

The transaction speeds of these two cryptos (Ripple XRP and Stellar XLM) are incredible, and they can also help to reduce the transaction time and the costs involved in the world’s trade system.

August 22, 2019 8:55 AM

4 Vital Services that Ripple (XRP) and Stellar (XLM) Can Improve

With lots of partnerships today, Ripple (XRP) has been regarded as one of the best cryptocurrencies in the crypto sphere. Stellar (XLM) is not doing poorly either, it has gotten lots of attention in the media, the crypto sphere and among investors today.

Both cryptocurrencies are geared towards solving the world’s real-life problems.
Both Ripple and Stellar have incredible transaction speeds and do not need much power/electricity, or powerful nodes before the actions on them are being processed.

Ripple makes use of a HashTree System (that’s still blockchain), while Stellar makes use of the blockchain system. Subsequently, both cryptos have their own technologies and advancement, and hence, these two can improve quite a lots of services in the world today. So without much ado, let’s take an abstract look at them.

Cross-border Payments

We do know that the system of the world’s cross-border payments is out-of-date-, slow, and costly. Ripple(XRP) and Stellar (XLM) are firmly focused on changing the way in which cross-border payments are performed, and they have both made a promising start to this.

It is important to know that Ripple and Stellar have an excellent financial setup; a robust network to offer the latest technology for cross-border payment.


Ripple (XRP) has xRapid and xCurrent as a liquidity tools for banks. And, Brad Galinghouse (CEO of Ripple) said this about Ripple’s xRapid being a liquidity tool for banks and other financial institutions:

“By the end of this year major banks will use xRapid as a liquidity tool. By the end of next year, I would certainly hope that we will see… in order of magnitude… of dozens. But we also need to continue to grow that ecosystem… grow the liquidity.”

At the moment, Ripple and Stellar are being adopted by banks as liquidity tools.

Exchange of Funds For the Credit Industry

Stellar (XLM) and Ripple (XRP) allow the transfer of funds at near instant speeds, which will be helpful for the credit industry. Wetrust and other companies make use of the credit industry to get funds on different accounts.

Hence, Ripple’s HashTree system and Stellar’s blockchain system with price analysis software can enable the credit industry offer more rates and prices that are best for businesses.

Global Asset Hegde Funds

It is important to know that the world’s global assets are locked in a system where most investors invest their money in and hence, there isn’t much transparency.

Even though the value of the global hedge funds is more than a trillion, liquidity and clarity is still a problem. Nevertheless, it is needful to know that Ripple and Stellar are a decentralized network and with that, lots of investors have the opportunity to invest and trade equally, thus, creating an environment where everyone is involved without being controlled by anyone.

Final Words

Ever since the inception of Ripple (XRP) and Stellar (XLM), both cryptos aim to solve real-life problems by using a common ledger on a decentralized network. The transaction speeds of this two cryptos are incredible, and they can also help to reduce the transaction time and the costs involved in the world’s trade system.

And of course, if these cryptos start resolving the mentioned real-life issues at full, their value might skyrocket in no time too. But, that cannot be done in days, both cryptos need to achieve more and more in mass adoption race so that they can fully take over these issues. I believe sooner or later they will, though. But yeah, these are my very own views.

Image Courtesy of Pixabay

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