XRP Preferred as a Gift over Bitcoin (BTC) and Monero (XMR) according to Poll

XRP was picked as a holiday gift by the majority over Bitcoin (BTC) and Monero (XMR)

Globee, a cryptocurrency service company that helps merchants adopt cryptocurrency has conducted a poll to understand which is the preferred cryptocurrency for gifting.

Image Source: Twitter

The clear winner of the poll as seen above was Ripple (XRP), with 50% voting in favor of the fast and cheap cryptocurrency. It was followed by Bitcoin (BTC) with 37% while Monero (XMR) only had 9% in preference. Out of the options, 4% voted for none of the options.

XRP being voted as the favorite has been seen to be developing as a faster and more efficient cryptocurrency, while BTC, on the other hand, has become slow due to scalability issues and has increased regarding transaction costs. XMR which utilizes privacy transactions, so that tracing of payments to and from users cannot be tracked was not entirely favored.

Quite a number of people voted with the final total count in with 14,618 votes. It is noticed that many users commented in the Twitter poll asking why Dash (DASH) was not included. It suggests Dash is growing in interest.

Blockmanity’s Take

Ripple has had a phenomenal 2018, in terms of business developments and technological advancements. One of the most notable achievements was overtaking Ethereum during the November-December bear markets to be ranked the second best cryptocurrency regarding market capitalization. XRP is continuing in the second position.

The only question of doubt for XRP remains about it being determined as security or not by the SEC. The importance of the decision has kept major exchanges such as Coinbase pending on its decision of listing XRP. According to the successful founder of Binance, Changpeng Zhao founder of Binance XRP is not a security.

As of now with the holiday week starting, the crypto markets are looking bullish. XRP at the time of writing is in the green at a price of $0.367916  and a market capitalization of $15,008,817,236.

Image Source: Unsplash

Also Read:

XRP Adoption is Unlikely as it is Too Centralized says Nano’s Founder

Get the latest news on Blockchain only on Blockmanity.com. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Post Views:

Be the first to comment

Leave a Reply

Your email address will not be published.