Contemplative
Coinmonks
Published in
1 min readJun 23, 2024

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Reconciliation Of Roles Between XRP and M Bridge

Let's reconcile the roles between XRP and M Bridge:

*XRP:*

- *Cross-border payments*: XRP is a digital asset used for cross-border payments, aiming to replace traditional payment systems like SWIFT.
- *Bridge currency*: XRP acts as a bridge currency, facilitating transactions between pairs of currencies that don't have a direct market.
- *Ripple Network*: XRP is part of the Ripple Network, a decentralized network for cross-border payments and asset exchange.

*M Bridge:*

- *Multi-CBDC platform*: M Bridge is a decentralized platform for cross-border payments and foreign exchange transactions using central bank digital currencies (CBDCs).
- *CBDC bridge*: M Bridge acts as a bridge between different CBDCs, enabling transactions between jurisdictions.
- *Blockchain-based*: M Bridge utilizes blockchain technology to ensure secure, transparent, and efficient transactions.

*Key differences:*

- *Digital asset vs. platform*: XRP is a digital asset, while M Bridge is a platform.
- *Decentralized vs. CBDC-focused*: XRP operates on a decentralized network, whereas M Bridge focuses on CBDCs and collaboration with central banks.
- *Use cases*: XRP targets cross-border payments, while M Bridge explores multiple use cases, including foreign exchange transactions and CBDC settlements.

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