Twitter Poll Reveals Crypto Community’s Preference for XRP in Making Payments
According to a survey conducted by Wirex, the popularity of XRP in the crypto space has increased. The research, conducted in the form of a Twitter poll, indicated that a whopping 73% of the voters are interested in XRP, followed by BTC at 15%, LTC at 95, and ETH at 2%.
Wirex is a platform that enables users to buy, store and exchange both cryptocurrencies and fiat assets without levying any fees. The platform has over 1.8 million registered users. Through a Twitter poll, Wirex sought to establish the preferred digital currency in purchasing commonly-used commodities. As mentioned above, XRP is way ahead of its closest competitor, BTC.
Although the poll is scheduled to end on October 17, XRP has seemingly taken an unassailable lead. The large number of participants that have voted for XRP is a clear indicator that XRP is the favored crypto when it comes to making payments. In second is position is BTC with 15%. For now, a majority of crypto investors use Bitcoin as a store of value. The dismal performance of ETH is understandable, as the coin was created to facilitate transactions on the Ethereum network on which developers create DApps, smart contracts and ERC20 tokens.
Last week, Weiss Ratings conducted a poll seeking to identify the most popular virtual currency whose value is below $1. The poll involved Stellar Lumens (XLM), Cardano (ADA), Ripple (XRP), and IOTA. XRP came out on top with 64%, followed by ADA at 25%, XLM at 8%, and IOTA at 3%.
The Rise of Ripple
The rising popularity of Ripple is heavily attributed to its partnership with over 120 financial institutions worldwide. The objective of the Ripple blockchain is to become a world leader in the remittance market. For this reason, the company launched the xRapid solution that enables the real-time settlement of payments.