Weiss Ratings Show Ripple (XRP) Is Ready to Hit Growth Stride in 2018
Earlier this week BitcoinExchangeGuide had reported that Ripple founder and current CEO Brad Garlinghouse mentioned how a major wave of institutional investors is going to step-in in the third quarter of the year.
In his own words, “One of the things I will tease for a future announcement within the Q3 market reports, which we always share…where we see institutional participation in buying XRP. Q3 will definitely be a record of institutional participation in buying an interest in holding XRP.”
The positive coverage of XRP could be traced back to David Schwartz – Chief Technology Officer at Ripple continuing to post and respond on twitter and Ripple‘s website about the project and the decentralization of the ledger.
“Bitcoin and Ethereum are currently viewed as the gold standard for decentralization…Since these blockchains are considered decentralized, then by design, the XRP Ledger is also, if not more so, decentralized than both Bitcoin and Ethereum.”
Often scrutinized PoW protocol that runs on Ethereum‘s and Bitcoin’s network was praised while noting out issues by the CTO. Mr. Schwartz mentioned how by time various miners can command the system significantly making it more centralized that you want it to be.
Now, the network has been praised for its technological achievements by Weiss Ratings many times via their social channel Twitter. The often mentions do showcase one feeling of recommendation and the low prices for the moment could be a golden opportunity to step in.
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 Ripple company plans on integrating all of Ripple’s software products of #xVia, #xCurrent and #xRapid into one convenient solution known as Convergence. It looks like a complete solution aimed at the banks to push the #XRP token on them. Maybe they’ll bite? #crypto
— Weiss Crypto Ratings (@WeissCrypto) August 20, 2018