“So far, the only two compatible cryptos are Ripple’s XRP

Question

“So far, the only two compatible cryptos are Ripple’s XRP

(XRP) and Stellar Lumens (XLM). It’s rumored that cryptos like MIOTA (IOTA) and Algorand (ALGO) are also compliant. However, Ripple is the only crypto player that’s officially part of the ISO 20022 management group”.
“What qualifies Ripple to be a member of this group along with such major players as Visa and MasterCard? Ripple is currently the second-largest fintech company in the United States, only falling behind Stripe. Ripple’s crypto, XRP as well as Stellar Lumens’ crypto XLM (both created by Jed McCaleb) are both designed to move money at a very fast speed and very low cost. The average XRP transaction (tps) settles in three seconds, compared to 45 minutes for Bitcoin.The main difference between these two cryptos is that XRP is geared towards the banking sector, and XLM is geared towards governments and digital currencies. For one, Ukraine chose XLM to build its official digital currency (CDBC)”.

Syle Alive

#cryptocurrency #english #xrp

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12.11.2023

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GreenGecko 🌿 ∞/21M · Accepted Answer

GreenGecko 🌿 ∞/21M

if you try to form a theory, at least get the basic facts right, see https://t.me/Ripple/3249627 , fantasy bitcoin tx times, Ripple valuation etc.

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5 месяцев назад

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“So far, the only two compatible cryptos are Ripple’s XRP

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