Weiss Ratings is now supporting XRP, a native currency for the Ripple protocol (RTXP) and now solicits Binance to make it basic for its customers. Apparently, the XRP community is preparing similarly for obvious reasons: XRP is fast and cheap for moving funds when it serves as a base.
Ripple's currency, commonly known as XRP, was designed specifically for banks and as early as 2012, the currency was in full swing, helping up to 30 banks and global financial institutions to transfer value from one point to another . The intrinsic properties of money as speed and cost certify it as superior and in recent times has attracted the attention of Weiss Ratings.
XRP is perfect for Binance
It is along this line that Weiss Ratings has officially approved XRP as the fastest without confirmations to move funds between exchanges soliciting Bina nce to make it a base currency. Binance is one of the largest cryptocurrant exchanges in the world, exchanging volumes with the headquarters in Beijing, but trying to expand in Europe and specifically in Malta.
Weiss evaluations stated that it is "perfectly logical" that Binance creates the XRP base and that there is no need for users to "go through an intermediary currency for trade". This coincided after an XRP fan asked Changpeng Zhao, CEO of Binance, to make XRP as a base for their exchange.
At the moment, Binance offers four coins as basic coins: Binance Coin (BNB) – which is their native currency, Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) – a stable currency.
If Binance decides to create an XRP base, then he will join other exchanges such as Bitrue, OneCoin of India and DCEX based in Canada.