Cardano Or Ripple: Which Is Better To Invest In?

There are a lot of discussions lately around Ripple and Cardano – or XRP vs. ADA – as one of the most promising altcoins in the market. While Ripple (XRP) gained more than 30% and is now at a price of $0.85, Cardano (ADA) is also measuring huge gains and is at a price of $0.3 this week.

But which one is better to invest in?

Both Ripple and Cardano have had a great year behind them, so it’s really hard to determine which one is better. I believe that when making a comparison like this, you should do a lot more research and decide where you want to put your money in.

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 Ripple can be made without developing a fork. Cardano is built based on a Haskell programming language which is extremely secure.

This above said should make your decision making a little bit easier, but it is in the end up to your own preferences. Also, you should do a little deeper research before you invest and you can start that here!