Ripple (XRP) and JPM Coin, a floating and a stable coin, respectively serve nearly the same purpose according to the latest report by the World Economic Forum.
XRP and JPM Coin were listed as examples of crypto-assets designed for inter-or intra-bank payments and settlements.
“Ripple’s XRP is designed for inter‑ or intrabank payments and settlements”
— XRP_Cro (@stedas) February 14, 2020
Ripple (XRP) Versus JPM Coin
The report detailed the status of Central Bank Digital Currencies (CBDC). These are coins issued by the central banks of a country and are being experimented by several economies, including Tunisia. China’s PBoC is also said to be in the advanced stage and could roll out the Digital Yuan this year.
XRP and JPM coins fulfill different roles. XRP is not a stable coin, and its value floats depending on market forces. It is also an option, and Ripple Inc., the company that owns a majority of the coin is actively marketing the coin to different banks.
The recent was the National Bank of Egypt who will use the RippleNet, an option that doesn’t incorporate ODL and XRP.
MoneyGram, Cuallix, and Mercury FX work tightly with partner exchanges to facilitate value transfer across the globe.
XRP is Global and more “Inter-bank”
XRP is more global and inter-bank, connecting hundreds of banks.