The popularity of blockchain technology continues to gain momentum as stories such as Microstrategy using Bitcoin ( BTC ) to pay executive bonuses and Topps announcing plans to release non-functional collectible token cards make headlines almost daily.
As more companies and organizations explore what integrating blockchain technology can do for them, tokens that offer enterprise solutions and provide stakeholders with simple ways to explore and use distributed ledger technology have seen triple-digit gains in 2021.
Stellar ( XLM ), XRP and XinFin Network (XDC) are three enterprise-focused cryptocurrencies that have outperformed over the past few weeks as global companies increasingly look to blockchain technology to help create a simplified and efficient global trading network.
XRP is arguably one of the most well-known crypto projects behind Bitcoin and Ethereum, as it has a large group of supporters, often referred to as the XRP Army, for their willingness to defend the somewhat controversial project.
While XRP's rise in 2021 was initially slowed due to regulatory action by the U.S. Securities and Exchange Commission, which led to XRP's withdrawal from many cryptocurrency exchanges, its price rose in April.
XRP's trading and social activity increased significantly in early April as the platform refocused its marketing efforts on promoting how Ripplenet can help create a "more sustainable and inclusive future."
The shift in focus also included the acquisition of a 40% stake in cross-border payments specialist Tranglo on April 5 and the announcement of a partnership with Mercury FX on April 9. The goal of these partnerships is to help develop an international payment system across Africa, and this coincided with the recent big jump in the price of XRP.
Stellar is an open network that was originally founded in 2014 as a result of a hard fork from Ripple Labs protocol due to differences in vision of where the project should go.
Over the years, its mission has evolved from seeking to increase integration by reaching a world without banking services to helping financial firms connect with each other using blockchain technology.
