Coinbase, the leading exchange has constantly been avoiding XRP, but things seem to be changing soon for XRP as a couple of positive news arrived to start this week. Firstly, Weiss Ratings Poll has declared (XRP) the best coin for moving funds between exchanges and second Wirex, a top-ranking London-based crypto debit card provider, has added a Ripple Wallet to their platform.
XRP the best to move funds between exchanges – Weiss Ratings contrary to Coinbase
A recent poll conducted by Weiss Ratings on Twitter which was categorized into four options with ETH, XRP, BTC and “other” coins placed Ripple ahead of other digital currencies to move funds from one exchange to another around the world. XRP took the lead with 78%, BTC had 6%, while Ethereum and ‘Other’ had 8% votes. 7,598 crypto enthusiasts took part in the vote as XRP clearly stood out as an undoubted champion.
Which is best for moving funds between exchanges?
— Weiss Ratings (@WeissRatings) July 20, 2018
Weiss Ratings is one of the most reputed rating agencies for cryptocurrency today. The platform advertises itself as fundamentally incomparable to any rating agency in the USA today. The platform says it is America’s only 100% independent rating agency covering a complete gamut of financial products including cryptocurrencies, stocks, ETFs, mutual funds, insurance companies, banks, and credit unions.
Being what Weiss rating reputation is, this poll does make Ripple one of the most loved coins when it comes to moving assets from one exchange to other.
XRP added To Wirex
Wirex, which is one of the top-rated crypto debit card providers which is headquartered in London, has added a Ripple Wallet (XRP) to its platform. The company has delivered on their promise to its current 1.7 million clients in 130 countries, who now enabled to spend XRP using their current Wirex Visa Card.
Wirex’ mission is to effortlessly connect fiat and digital currencies to allow for multi-currency accounts and a wide range of exchange-related services. Being one of the world’s first company that offers a Wirex Visa Card allowing its holders to exchange and spend cryptocurrencies instantly and easily, Wirex had added another feather to its cap and differentiated itself from its competitors bringing digital currencies like XRP into the mainstream.
Explaining why XRP was chosen specifically, Dmitry Lazarichev, co-founder of Wirex, said that due to the fact that Ripple has a specific utility underscoring it, this crypto provides Wirex users with a stable and innovative altcoin. As XRP is both P2P payment network and cryptocurrency used by both: individuals and businesses to make fast, low-cost, global payments, it has already been adopted for internal remittance by a number of financial institution, which perfectly indicates protocol’s proven versatility and reliability making it one of the first choices of Wirex to integrate its wallet into the platform.
As XRP prices hover between USD 0.40- USD 0.50, many such long-term positive news for XRP will definitely add fuel to take its price beyond USD 1. In long-term XRP, definitely has utility but issues of it being a crypto or not still keeps the coin under pressure.