Stellar Lumens (XLM) is a direct competitor of Ripple (XRP) in the cross borders payments and remittances industry. The basic difference between the two is that Stellar Lumens (XLM) is peer to peer dealing as if you would buy Bitcoin on a website like Localbitcoins or Paxful. Ripple (XLM) on the other hand is like buying Bitcoin on Coinbase. An interesting debate on this subject is one regarding how people grew tired of too much control and centralization and welcomed cryptocurrencies with open arms as an alternative mode of payment, exchange of information and a lot more. Critics argue that Ripple (XRP) could meet the same fate at some point when people do not want to have anything to do with banks or financial institutions at all and instead turn to peer to peer dealing without the need for middlemen. In fact, such an economic model coupled with a decentralized system that verifies transactions and user identities by itself instead of a third party is the need of the hour according to most crypto aficionados.
Perhaps this is also the reason why Ripple (XRP) is often subjected to a lot of hate and negativity in the crypto community. While feelings of animosity towards Ripple (XRP) are unwarranted for the most part, it is a growing concern that Ripple is increasingly being rejected by the outside world. First, exchanges like Gemini and Coinbase refused to list Ripple (XRP) on their platforms, despite Ripple’s persistence and continued appeals. Ripple CEO, Brad Garlinghouse also asked XRP believers to take to change.org and sign a petition requesting Coinbase to list Ripple (XRP). Despite continued attempts, Ripple (XRP) failed to secure a listing. This vindicates the fact that Ripple (XRP) is not seen as a positive influence by most in the crypto community. Earlier in 2017, Coinbase CEO Brian Armstrong also hinted that he is not a big fan of XRP.
In addition to that, negative news regarding Ripple (XRP) being classified as a security could make things a lot complicated for the company, Ripple and XRP holders. It is pertinent to note that Ripple has already lost more than one cases to its rival, R3 over XRP in the past. Despite the ambitious and energetic attitude of Team Ripple, it seems that they are constantly dealing with one legal problem after the other. While Ripple’s economic model is deflationary in nature, which means a certain amount of XPR is destroyed during every transaction, the company has an unusually large supply of XRP which is a concern for some investors. Ripple (XRP) price currently trades in a falling wedge and a fall can be accelerated by negative news. Meanwhile, Stellar Lumens (XLM) continues to do well for now as investor confidence has peaked in anticipation of future developments as a result of its IBM partnership. While Ripple (XRP) does appear to have run into problems for the time being, it should be noted that Ripple has one of the smartest people as part of its team and has never failed to surprise.