When it comes to tokens, Ripple’s XRP is a volatile crypto asset, while Fiat running on Public Mint is as stable as the underlying currency. The asset’s volatility prevents it from being used as a currency.
As a platform, Public Mint is not positioned to become a settlement system between banks, replicating the same old siloed financial structure, where banks are gatekeepers between individuals/companies and their money. Instead, the Public Mint network gives full control of funds to the end user, removing banking friction from transactions.
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