According to a tweet from Weiss Ratings, XRP has a competitive advantage” over other cryptocurrencies in the area of payments. It seems that Weiss Ratings is acknowledging the good work that the Ripple team has been doing in 2018.
Weiss Ratings, a private company which provides research and analysis for consumers and business professionals, sent out a tweet this week in which they said that Ripple’s consensus mechanism gives it a “competitive advantage” over other cryptocurrencies in the area of payments.
The tweet from Weiss Ratings:
#XRP strives to change the way we make cross border payments – using XRP, transactions can settle within seconds, and this is huge for private investors and institutions alike. We think the way XRP’s consensus works gives it competitive advantage over others in this area. #crypto
— Weiss Ratings (@WeissRatings) December 28, 2018
It has been a good year for Ripple and XRP and Weiss Ratings seems to acknowledge this. In October, the company conducted a Twitter poll amongst its followers, to see which cryptocurrency projects were the ‘most favorite’ to buy with prices this low.
Giving people the option to vote on which is the best crypto to buy under $1, a total of 5,276 people participated in the poll. The results revealed that XRP, the token by Ripple, was the best crypto buy under $1. This, according to the voters at least.
Follow our feed to find out our answer!
— Weiss Ratings (@WeissRatings) October 11, 2018
In 2018, XRP and Ripple recorded a lot of successes with the release of xRapid and all the xRapid partnerships. The hype around XRP has only been getting bigger after XRP took over the second spot from Ethereum last month. It seems 2019 will be a great year for XRP.
At the time of writing, XRP is trading at $0.358, down 2.55% over the past 24-hours, according to data from CoinMarketCap.