Weiss Ratings to Issue New Crypto Report

According to famous rating agency, Ripple is number 1, EOS is 2 and Bitcoin is on the 3rd position
27 March 2019   628

In the new report on emerging trends in the cryptocurrency market of the rating agency Weiss XRP and EOS received higher marks than Bitcoin.

On Tuesday, the company submitted a report under the heading “Dark Shadows with a Bright Future”, in which it included 120 cryptocurrencies and assigned them letter ratings for the best combination of technology and practical significance.

XRP, which is currently the third largest crypto asset in terms of capitalization, received an “A” rating. According to the publication, it is in the “best position” to compete with the SWIFT. EOS was also awarded the “A” rating as the leading cryptocurrency competing with Ethereum as the “basis of the new Internet”.

Bitcoin became the third cryptocurrency with a rating of "A". The company took into account the development of a second-level solution for implementing the Lightning Network transactions and recognized the potential of Bitcoin to become a popular means of accumulation. He is followed by Ethereum with “A-” and Cardano with “B +” as platforms with wide possibilities for creating and launching smart contracts.

Nothing could be further from the truth. Leading cryptocurrencies now enjoy three times more volume in user (on-chain) transactions than they did in early 2018. The industry’s network capacity and security have improved dramatically. And the underlying technology has evolved with new, more efficient ways to create digital assets.

Weiss Ratings

Weiss Ratings Top 10 Coins
Weiss Ratings Top 10 Coins

In a separate procedure, the agency assessed the attractiveness of crypto assets for investors from the position of risk versus potential profitability. According to Weiss, only EOS, XRP, Bitcoin, and BNB deserve a “B-” rating, and none of the cryptocurrencies have been rated “A”.

Coinone to Join RippleNet

Coinone and Ripple cooperation started in May 2018, and now exchange believes it will help to create wide range of blockchain based financial services
18 June 2019   524

The Korean exchange Coinone, a member of the Big Four of Asian cryptocurrency exchange platforms, has joined the RippleNet network, AMBcrypto reports. Through participation in RippleNet, Coinone will be able to use Ripple's xCurrent solution to provide interbank services to its customers.

Coinone CEO Shin Won Hee, in a conversation with local media, said that his company would rely on cooperation with SBI Ripple Asia in creating a wide range of financial services based on blockchain technology.

According to the media, Coinone was the first exchange in South Korea, which joined RippleNet. As part of the cooperation with SBI Ripple Asia, Coinone intends to “organize overseas remittance events for 3,000 new subscribers to the block chain overseas remittance service.”

Coinone and Ripple started working together in May 2018, when the company integrated xCurrent solution into its own payment service called Cross. According to updated data, customers of the exchange can send transfers to eight Asian countries through the system, taking advantage of reduced commissions.

Earlier this month, Siam Commercial Bank, the largest commercial bank in Thailand, said it would use XRP cryptocurrency in its operations, but later, for unknown reasons, refused this statement.