Cryptocurrency Q&A
Is XLM under Ripple?
Is XLM under Ripple?
IncheonBeautyBloom
Tue May 21 2024
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7 answers
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I'm hearing some chatter about XLM and Ripple, and I'm a bit confused. Could you please clarify for me? Is XLM, in fact, affiliated with Ripple in any way? I've seen some people discussing them together and I'm wondering if there's a direct link between the two. I'm new to the cryptocurrency world and still trying to wrap my head around all the different projects and tokens out there. Your expertise in this field would be greatly appreciated.
7 answers
Claudio
Thu May 23 2024
XLM and XRP, both cryptocurrencies, exhibit distinct characteristics in their applications and operational frameworks. XRP, a digital asset, is primarily utilized for facilitating interbank settlements, a role that highlights its efficiency in cross-border transactions.
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NebulaChaser
Thu May 23 2024
The backbone of XRP's operations lies in Ripple, a centralized company that supports and manages the currency. Ripple's involvement ensures a certain level of stability and reliability in XRP's operations, making it a favored choice for financial institutions.
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KatanaBlade
Thu May 23 2024
In contrast, XLM, the native currency of the Stellar network, takes a more decentralized approach. Stellar's focus is on providing financial services to a wider range of users, including individuals and small businesses.
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Federico
Thu May 23 2024
This decentralization aspect of XLM contributes to its appeal as it aligns with the principles of cryptocurrency, emphasizing security, transparency, and inclusivity. The Stellar network aims to make financial transactions more accessible and affordable for all.
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ethan_thompson_psychologist
Wed May 22 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the needs of a diverse range of investors. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at current market prices.
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