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Weiss Ratings states that XRP is the fastest cryptocurrency on the market and is the best choice for transferring funds between exchanges.
Because of its usefulness, the company is now supporting a USD / XRP pair on Binance.
We think that #XRP is the fastest digital asset to transfer funds between exchanges. It only makes sense #Binance use it as a basis #currency – why should you go through an intermediary currency to exchange? #crypto #btc #altcoins
– Weiss Ratings (@WeissRatings) 10 August 2018
The new declaration comes the day after a prominent Weiss Ratings economist revealed his impression of the speed of XRP.
After XRP won a recent survey on the speed of the cryptographic transaction, Juan Villaverde decided to give feedback and determine for himself how clever the currency is in transferring crypto from one stock exchange to another. He then published his findings on Twitter.
Juan Villaverde to the XRP community: "Thank you guys, you convinced me, I now use XRP to move money between exchanges, no waiting for confirmations, really fast." #XRParmy #XRPthestandard [19659012] #XRP #crypto #cryptocurrency
– Weiss Ratings (@WeissRatings) 9 August 2018 [19659016] Which is the best for moving funds between exchanges?
– Weiss Ratings (@WeissRatings) 20 July 2018
According to his biography, Villaverde is an econometric and mathematician who has studied cryptography for the last six years, and has played a key role in the creation of the Weiss Cryptocurrency Ratings rating model.
Ripple, which currently holds 60% of the total XRP supply, has long exploited XRP's speed as a major advantage over other major cryptocurrencies like Bitcoin and Ethereum.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin or cryptocurrency. Your transfers and exchanges are at your risk. Any losses you could sustain are your responsibility. Keep in mind that The Daily Hodl participates in affiliate marketing.
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