The two crypto companies are moving neck in neck, attempting to win over the huge Islamic market. This year Stellar got an approval from the Shariyah Review Bureau, which confirmed for all Muslims that using XLM is blessed and allowed by Allah. So now Stellar is preparing to conquer the world of Islam.
On the other hand, Ripple, among its numerous banking partners, has got itself the National Commercial Bank, also famous in the financial circles as AlAhli Bank. This is one of the biggest banks in the Muslim world. A while ago, it joined the RippleNet and has already made trials of the centralized Blockchain.
Both currencies now seem to have equal chances of tapping this enormous market.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Dan Burgin
Vladislav Sopov