Weiss Ratings says XRP is the fastest cryptocurrency on the market and is the best choice for transferring funds between exchanges.
Because of its utility, the company is now advocating for a USD/XRP pair on Binance.
We think that the #XRP is the fastest digital asset to transfer funds between exchanges. It only makes sense for #Binance to use it as the base #currency – why should one have to go through an intermediary currency to trade? #crypto #btc #altcoins
— Weiss Crypto Ratings (@WeissCrypto) August 10, 2018
The new statement comes a day after a prominent Weiss Ratings econometrician revealed his impression of the speed of XRP.
After XRP won a recent poll on crypto transaction speed, Juan Villaverde decided to take the feedback and determine for himself how adept the coin is at moving crypto from one exchange to another. He then posted his findings on Twitter.
Juan Villaverde to XRP community: “Thanks, guys! You’ve convinced me. I now use XRP myself to move money between exchanges. No wait for confirmations. Really fast.” #XRParmy #XRPthestandard #XRP #crypto #cryptocurrency
— Weiss Crypto Ratings (@WeissCrypto) August 9, 2018
Which is best for moving funds between exchanges?
— Weiss Crypto Ratings (@WeissCrypto) July 20, 2018
According to his bio, Villaverde is an econometrician and mathematician who has studied crypto for the last six years, and played a critical role in creating the Weiss Cryptocurrency Ratings model.
Ripple, which currently owns 60% of the total supply of XRP, has long touted the speed of XRP as a main advantage over other top cryptocurrencies like Bitcoin and Ethereum.