Both Ripple and Cardano had a great year last year. Both of these cryptocurrencies are exceptional and offer many great opportunities. NEO, on the other hand, is the favorite altcoin among developers. Let’s see why.
Ripple is great for all the financial institutions that like to replace the old SWIFT system they currently use, mostly banks. They want faster transactions and of course, cheaper ones. Ripple makes this possible. Ripple enables fast transactions with far lower fees than the existing SWIFT system. A lot of partnerships have been made with Ripple over the past year such as with American Express, MoneyGram and many other banks around the world. Also, you can use Ripple’s XRP token with the American Express card for even faster payments later on. In Japan, there is currently being developed a payment system that you can use with your phone using QR scan codes.
Cardano has a lot of advantages too. It is built with two layers, the first one called Cardano Settlement layer which handles the ledger balance and then there is the second layer called Cardano Computation layer. The second layer can be used to build decentralized apps and smart contracts. Because of the two different layers, every change in Cardano can be made without developing a fork. Cardano is built based on a Haskell programming language which is extremely secure and it’s one of the most promising cryptocurrencies.
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