Thread by @ShelbyGosling

#WeAreXDC #XinFin $XDC #Ripple $XRP

Meanwhile, Ripple hasn't been the only project to spot the need for a comprehensive payment and settlement network. XinFin is an enterprise blockchain platform supporting trade finance, which has been making impressive headway in its native

region of SouthEast Asia. It runs a live mainnet called the XDC Network, supporting over 100 institutions and over 10,000 wallets holding a balance of the platform's XDC token.

Unlike the XRP ledger, which simply settles payments, XinFin currently runs over a dozen decentralized

applications on its regulatory compliant smart contract platform. These include TradeFinex, a network for trade finance originators to distribute deals to the growing base of alternative asset investors, and Globiance, a regulated stablecoin issuer based in Singapore, which

manages stablecoins backed by Singapore dollars, Hong Kong dollars, and euros. MyContract is another XinFin service, providing ready-made oracle solutions for developers on the network, allowing them to tap into a wide array of external data sources.

Although Ripple and XinFin have been operating in different geographies to date, it seems evident that they'll begin to fish in the same enterprise client waters at some point as both projects expand.

However, Ripple is currently in the most precarious position due to the pending lawsuit.

The latest developments seem to be working in the firm's favor, but there are no guarantees it will win the case or that the SEC won't find another angle to exploit for a future lawsuit. In this sense, being in the more blockchain-friendly Asian region, XinFin has the advantage.

techtimes.com/articles/26346…

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