News

XRP Is Rated As Number One Cryptocurrency for Tech and Adoption in Weiss Crypto Ratings

Financial ratings agency Weiss recently saw its crypto division grade various tokens get rated in a report and the results were perhaps not entirely what the community would have expected. While many projects scored an “A-” grade when it came to technology and adoption on the whole, few cryptos managed to get as high as a “B-” on overall ratings.

Bitcoin (BTC), Ripple (XRP), and EOS (EOS) were the only tokens to get an “A” on tech adoption, with Ethereum being graded at “A-”.

Ripple also gets a special mention, with Weiss saying that the SWIFT global payments systems, which is considering its own implementation of blockchain technology, could be strongly challenged by the cross-border payments solutions put forward by the project. The report reads,

XRP, managed by the Ripple company, is leading the charge to compete with SWIFT, the global network for money transfers among the world’s financial institutions. Looking further into the future, XRP may contribute to a banking system grounded in Distributed Ledger Technology that helps provide consumers higher returns, enhanced protection against risk and lower borrowing costs.

No project scored higher than a B- on overall ratings, and the XRP token in particular has come out very respectable in the report. The report makes another interesting point: it believes that the EOS project might be a strong rival to the Ethereum project, and could serve as the backbone of a new internet.

The rating of XRP by Weiss is accompanied by a good slew of news for the project: SBI Holdings CEO Yoshitaka Kitao is very bullish on the token, as are Japanese investors. Ripple has also become the founding member of INATBA, an organization that includes IOTA, Cardano, Lisk and many others as members, with the intention of encouraging blockchain adoption and growth.

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

Share
Published by
Abhimanyu Krishnan

Recent Posts

Is A Silicon City Tech Giant Behind BlockDAG Network As Its $11.4M Presale Outcasts Floki Inu Price Surge Amid BOME Fluctuation

With Floki Inu's next bull run approaching, investors are closely monitoring its innovative token burn…

2 weeks ago

BlockDAG Becomes Top Crypto Investment Choice with $9.9M Presale, Beating Fantom & Apecoin

BlockDAG (BDAG) has continued to stand out with its innovative presale strategy, offering early investors…

2 weeks ago

Render and Dogecoin Price Predictions Defy Expectations As BlockDAG Emerges as the Highest ROI Crypto for 2024

As we venture into 2024, the crypto market is brimming with potential for unprecedented growth.…

3 weeks ago

Solana’s 20% Trading Spike Sparks BlockDAG Presale Interest While Memeinator Presale Reaches Edge

This analysis contrasts the flourishing momentum of BlockDAG coin's presale against the backdrop of the…

4 weeks ago

CryptoGames Review: Bitcoin and Altcoin Casino

Ever wondered what it is like to experience the extravagant casino vibes in the comfort…

2 years ago