Everex and Ripple are not competitors; in fact, they could be seen as more as interdependent entities.
Everex’s mission is to improve financial inclusion and provide underbanked people and SMEs globally. As such, Everex is oriented towards a business-to-business-to-consumer (B2B2C) model. Everex deploys its solution on the public Ethereum blockchain, where customization according to each customer’s needs is possible to a great extent. Also, Everex offers a stable coin feature.
On the other hand, Ripple mainly focuses on business-to-business (B2B) technology deployment and its clients are mainly big banks with whom Ripple works directly to manage large transactions. Ripple’s technology does not offer the stable coin feature and is not involved with the financial inclusion of the underbanked population.
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