Binance Says NANO Network has Fastest Payment System (XLM #2 & XRP #3)
NANO, an important virtual currency in the market has been ranked as the fastest payment system compared to all the other virtual currencies listed on Binance. The cryptocurrency exchange is one of the most active in the market.
Nano uploaded a tweet on June the 27th saying that binance acted as a Nano representative and that the core team is now holding 33% of the total network voting power.
— Nano (@nano) June 27, 2018
After Nano, Stellar (XLM) and Ripple (XRP) have been considered the fastest payment systems. Nano, former RailBlocks, has been created as a virtual currency to process instant transactions with zero fees and infinite scalability. The coin has been launched back in 2015 by Colin LeMahieu, a latency payment platform that requires very few resources and it works perfectly for P2P transactions.
It is important to mention that there are individual blockchains for each account. All the users provide computational power so as to verify transactions. Furthermore, running a node costs nothing because the protocol is lightweight.
As a trading pair, Nano could work as a great tool for traders. Moreover, the company says that they are a cryptocurrency to ‘quickly pay friends and family using Nano, whether you’re paying rent or splitting a taxi fare or bill.”
In addition to it, Nano can be used for micropayments. Users can send or receive Nano in small amounts for digital asset rights and content subscriptions. ANother important feature is that it offers a business to customer functionality. The company offers Flawless checkouts.
At the moment of writing this article, Nano is the 39th most important cryptocurrency in the market according to is value, Nano is now being traded around $2,2 and it has market capitalization of $295 million dollars.
In the future its price may see an upward trend it the currency is able to show all its strongest points, sign partnerships, and keep working in order to make it a better crypto.
Binance is currently the second most important virtual currency exchange by trading volume. In the last 24 hours, the company moved $800 million dollars and the number can grow as the price moves.