When you think of cross border payment solutions, there are two key projects that should spring to mind with regards to cryptocurrency and blockchain technology. Ripple and Stellar, with their respective currencies XRP and XLM.
Both are designed to tackle problems with cross border payments, but only one will find the true, universal solution, right?
Is the race truly on?
Not yet, both of these projects are working on established technologies that now have a number of large partnerships (namely Ripple and Santander vs Stellar and IBM) but even so, it’s hard to actually see a finish line in this race, therefore it can be assumed that there is a lot of work to be done by both parties before cross border payment dominance can be achieved.