- $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.
Direct from source.
— 📈BLOCK BULL📈 (@TheBlockBull) June 10, 2024
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
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.