Altcoins Cryptocurrency

Ripple: We’ll Show our Worth by Securing European Banking License -Weitse Wind

UQUID Adopts XRP for Payment of Insurance, Mobile Credit & Electricity Bills In 150 Countries

The difference between Ripple and XRP has been causing FUD in the crypto space. Ripple is popular for providing one of the most efficient solutions for sending money globally, while XRP in the other hand is an independent digital asset deployed for payment across border.

Despite their distinction, the creator of the XRP TipBot, Wietse Wind, has promised to secure European Banking License.

Many cryptocurrency bodies have been attempting to integrate digital assets with the present financial system. XRP has been in this process as the company entered multiple collaborations with mainstream banks and other fiat-enabled bodies.

In the quest to keep improving XRP’s progress, Wietse Wind, Creator of the XRP TipBot, revealed that there’s a proposal to secure banking license for XRP TipBot, purposely to make it convectional, globally in terms of finance.

Wind opined in an XRP meetup during the weekend that “There’s been a lot of FUD around XRP and Ripple and such and we want to show that we are working towards something really awesome and useful. We are planning to get real licenses for tipbot so that we go mainstream. Granted we are still in the early stage but we are doing our very best to make it happen. Our next step is to get a European banking license and maybe call it the ‘legacy network’. Let’s see where we can get in a few years.”

XRP Success Rating

Weiss Crypto, the firm that evaluates digital assets’ potential for technology and global adoption, came out with a report titled “Dark Shadows with a Bright Future”. The research firm stressed that the two aforementioned recipes determine the success of digital assets in the crypto sphere.

About 120 tokens were rated in the report, taking just little number compared to the high volume of cryptocurrencies in the crypto market presently.

According to the above report, XRP falls among the best-rated digital currencies for the long term (graded “A”), including EOS and Bitcoin (BTC).

The company’s founder, Martin D. Weiss, aired some points about the rating system

“Despite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security. Equally important is our finding that these improvements are often powered by an evolution in the underlying technology.”

According to the rating, XRP holds top spot among other digital currencies in technology and mass adoption. This is the significance of the joint work of XRP board of directors as they propel to give way for more improvements as the world of cryptocurrency evolve.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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Isaac Ellis

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