Will XRP and XLM Lose in the Face of the Rising XDC?

June 11, 2024 at 11:02 PM GST 2 mins read Crypto Live News

XRP and XLM face legal challenges, raising concerns about their regulatory compliance and future viability.
XDC Network emerges as a strong contender, offering a hybrid blockchain model for global trade.
Block Bull’s post reveals UAE’s rejection of XRP and XLM over security and privacy issues.

XRP and XLM have faced significant legal challenges recently. The commission argues that Ripple’s behavior could lead to future violations, despite Ripple’s claims of compliance and restructuring post-lawsuit.

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Ripple $XRP + Stellar $XLM both ruled out. Despite Ripple previously having an agreement in place with the central bank.$XRP is old news due to privacy concerns and lack of advancement with smart contracts. $XDC ticks all the boxes. pic.twitter.com/b0JpuIfB5z
— 📈BLOCK BULL📈 (@TheBlockBull) June 10, 2024

According to the post above, we see how Stellar‘s XLM, while not currently targeted by the SEC, shares similarities with XRP that could potentially attract regulatory scrutiny. These legal woes have cast a shadow over XRP and XLM.

Adding on, the crypto enthusiast also casts doubt on the future of Ripple and Stellar. The post shows a letter from the Central Bank of UAE, indicating that both XRP and XLM have been ruled out due to security and privacy concerns.

The Rise of XDC Network (XDC)

XDC Network (XDC) emerges as a formidable challenger to XRP and XLM. Unlike XRP and XLM, it targets the niche of global trade and finance. XDC’s unique proposition lies in its ability to offer secure and efficient transactions by combining the best features of both public and private blockchains.

This hybrid model presents a significant benefit in enterprise adoption. It provides the transparency of public networks while maintaining the security and privacy of private networks.

Moreover, XDC’s compatibility with existing financial infrastructures facilitates seamless integration. This reduces barriers to entry for businesses looking to leverage blockchain technology.

Furthermore, XDC resonates with the growing demand for blockchain solutions that can handle complex transactions and smart contracts. While XRP and XLM have a big role in the financial sector, XDC is gaining traction in areas yet to be fully explored by XRP and XLM.