Ripple XRP vs Stellar Lumens XLM - Get ready for a Brawl!

My thoughts on Ripple XRP versus Stellar Lumens XLM.

Notes:

-Jed McCaleb founded Ripple and Stellar Lumens

-Jed also founded Mt. Gox exchange which went out of business

-In 2014, Ripple had a fork and Jed started Stellar Lumens

-Stellar is considered a more decentralized version of Ripple. It is more distributed, not only focused on banks.

-Stellar stole some of Ripple’s Swell Conference thunder by announcing it’s partnership with IBM and its network of banks

-The use cases for XRP surround profit-generating, payment processing solutions for banks, acquirers, and international corporations, while Stellar Lumens focuses on non-profit distribution of wealth to the masses on an international level.

-Ripple is about saving costs and increasing efficiency; Stellar is about increasing access.

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Disclaimer - Thinking Crypto and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.