Why does stellar and ripples have similarities?

[Purwodadi]

it's true that stellar and ripples have a lot of things in common, and I don't think that is too much of a problem, and I think it's actually getting better and with the same potential and future, it's very good for all of them to progress

[moantana]

so the goal is to have a fairly cheap fee for coin transfer fees, and have speed in transferring into the wallet

[papar]

This split led to the creation of a new and philosophically distinct entity that has numerous differences from Ripple. Stellar claims to have fixed some of Ripple’s existing problems (Ripple disputes this), but ultimately the riff seems to be about overall vision as much as anything.

[lopart]

There is also some rivalry between Stellar and Ripple, partly due to Stellar’s claim that it’s an improvement on Ripple’s existing code. As it stands, Ripple has made a name for itself in the banking industry, as a way to conveniently facilitate the transfer of fiat between users. Stellar in its own right has also secured its place as a medium of asset transfer.

[aloever]

I  think  on  paper  they re  both   very  similar projects  but they  re  actually far  from  identical.Stellar   also  aims  to  offer  fast  and  affordable  cross-border  transactions  but  it  uses  a  distributed  payments  network designed.

[Bobcrypto]

In addition, both Ripple and Stellar make it their goal to improve the ease of completing transactions across borders, particularly those that involve multiple currencies.

[Sudarmono]

it is true that stellar and ripple have the same purpose about financial transaction costs, and I strongly believe that the two coins have great potential.

[Meysa123]

it's true that stellar has similarities with ripples, and that is a very good thing, and I strongly believe that stellar will be better someday, at a high price.