A brief comparison between XRP and XLM

🔹 Main objective:

- XRP (Ripple): aims to facilitate financial transfers between banks and large financial institutions.

- XLM (Stellar): focuses on facilitating financial transfers for individuals and small businesses, especially in areas with limited access to financial services.

🔹 Partnerships and adoption:

- XRP: Extensive partnerships with banks and financial institutions around the world such as Santander and Bank of America.

- XLM: Partnerships with technology companies such as IBM and non-profit organizations.

🔹 Mechanism of operation:

- XRP: relies on a distributed ledger (XRP Ledger) to settle payments quickly and at the lowest cost.

- XLM: uses the Stellar network to achieve fast transfers across digital currencies and traditional currencies.

🔹 Fees:

- XRP: Very low fees, amounting to a fraction of a cent per transaction.

- XLM: Almost zero fees (0.00001 XLM per transaction), making it ideal for small transfers.

🔹 Speed:

- XRP: Transactions take around 3-5 seconds.

- XLM: Similar to XRP, only takes a few seconds.

🔹 Supply:

- XRP: Maximum supply is 100 billion coins, and cannot be mined.

- XLM : Maximum supply is 50 billion coins, and cannot be mined.

🔹 Decentralization:

- XRP : Criticized for being more centralized due to$XRP Ripple Labs’ heavy control.

- XLM: Considered more decentralized due to the open nature of the network and its non-profit orientation.

🔹 Uses:

- $XRP

XRP: Facilitates international remittances and enables on-demand liquidity for banks.

$XLM : Enables remittances betwen individuals and facilitates donations and cross-border payments.