Compare Ripple alternatives: 3 top competitors

Your guide to three leading Ripple alternatives and how they compare to XRP.

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Launched with a mission to transform the international payments industry, Ripple offers a real-time settlement network for fast and affordable cross-border transactions. XRP, Ripple’s native currency, is used to facilitate transactions on Ripple’s global network.

However, Ripple isn’t the only cryptocurrency project looking to make waves in the world of international payments, so let’s take a look at three leading Ripple alternatives.

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At a glance: 3 Ripple alternatives

Table: shows partner brands and other brands, sorted by popularity
1 - 2 of 2
Name Product Ticker symbol Use Year released
Stellar Lumens
XLM
Cross-border Payments
2014
More Info
Nano
NANO
Digital Asset
2015
More Info
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An in-depth look into 3 Ripple alternatives

1. Stellar lumens (XLM)

If you’ve spent any time at all analysing the strengths and weaknesses of Ripple, you’ll no doubt have come across comparisons between Ripple and Stellar – and with good reason. Programmer Jed McCaleb played a key role in Ripple’s development, and after he left the company following a difference of opinion, he moved on to co-found Stellar.

Similar to Ripple, Stellar also offers a distributed payments network designed to provide fast and cheap cross-border payments. By connecting banks, payment systems and people, and through the use of its lumens currency, Stellar allows international payments that can be processed within two to five seconds, with fees of 1/600,000th of a cent per transaction. There are other features to the Stellar network as well, including an ICO platform and a decentralised exchange.

Though they’re often listed as competitors, Ripple and Stellar have so far concentrated their efforts in different areas – Ripple on joining forces with major banks and financial institutions, and Stellar on providing low-cost financial services to people in the developing world. However, it remains to be seen which project has adopted the more successful approach.

How to buy Stellar Lumens Learn more about Stellar Lumens

Where to buy Stellar

Table: shows partner brands and other brands, sorted by popularity
1 - 5 of 5
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro UK
Bank transfer, Credit card, Debit card, eToro Money

21

100

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Capital at risk

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Finder Award
Kraken
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Faster Payments (FPS), Apple Pay, Google Pay, SWIFT

7

238

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Capital at risk

View details
Uphold
Bank transfer (ACH), Debit card, Apple Pay, Google Pay

27

284

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Capital at risk

View details
CoinJar Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS), Apple Pay, Google Pay

4

63

Go to site

Capital at risk

View details
Coinpass Cryptocurrency Exchange
Coinpass Cryptocurrency Exchange
Bank transfer, Cryptocurrency

2

13

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Capital at risk

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Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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2. OmiseGO (OMG)

With a mission to “unbank the banked”, OmiseGO offers a peer-to-peer platform where users can quickly and securely exchange fiat and cryptocurrencies. Built on Ethereum, OmiseGO is developing a currency-agnostic decentralised exchange network capable of interacting with blockchains (eg Bitcoin or Litecoin) through clearinghouses in state channels or smart contracts, as well as with digital fiat platforms through the use of collateralised fiat tokens.

OmiseGO also offers an e-wallet software development kit which is free to use and allows digital wallet providers to connect to the public OMG network so that their users can transact any digital assets.

The end goal is to overcome coordination difficulties amongst payment processors, gateways and financial institutions, providing a value transfer service that operates across currencies, asset types and national borders. Although OmiseGO is focused on the southeast Asian market, its network is designed to allow anyone to conduct real-time, peer-to-peer financial transactions, including everything from payments and remittances to B2B commerce and supply-chain finance.

If you’re searching for a cryptocurrency with similarities to Ripple, it’s well worth a closer look.

Where to buy OmiseGO

Table: shows partner brands and other brands, sorted by popularity
1 - 3 of 3
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Finder Award
Kraken
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Faster Payments (FPS), Apple Pay, Google Pay, SWIFT

7

238

Go to site

Capital at risk

View details
Uphold
Bank transfer (ACH), Debit card, Apple Pay, Google Pay

27

284

Go to site

Capital at risk

View details
CoinJar Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS), Apple Pay, Google Pay

4

63

Go to site

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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3. Nano (NANO)

Our third alternative to Ripple is something a little different. Unlike Ripple and its focus on banks and major financial institutions, Nano (NANO) is designed purely as a peer-to-peer digital currency.

Originally known as RaiBlocks, Nano offers instant, zero-fee transactions and is designed to be infinitely scalable. Launched in 2017, this innovative crypto combines blockchain with directed acyclic graph technology (DAG) in a unique “block-lattice” infrastructure. DAG systems see individual transactions directly linked to one another, offering improved scalability compared to blockchain-based systems.

In short, Nano is a payment currency and nothing more. It aims to become a viable alternative to fiat currency for everyday transactions, offering fast and cheap peer-to-peer payments all over the world.

This means it’s being developed with quite a different focus to XRP, and can’t boast anything like the level of financial support or the impressive range of corporate partnerships that Ripple can. However, Nano’s features do make it a viable choice for individuals and merchants, so it’s a coin worth watching closely in the months and years ahead.

Where to buy Nano

Table: shows partner brands and other brands, sorted by popularity
1 - 2 of 2
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Finder Award
Kraken
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Faster Payments (FPS), Apple Pay, Google Pay, SWIFT

7

238

Go to site

Capital at risk

View details
Uphold
Bank transfer (ACH), Debit card, Apple Pay, Google Pay

27

284

Go to site

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Looking for more Ripple alternatives?

This is just a small selection of cryptocurrencies like Ripple. To find more coins and tokens with similar features and functions to Ripple, check out our comprehensive guide to altcoins.


Disclosure: At time of writing the author holds ADA, ICX, IOTA and XLM.

*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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