Binance Using XRP as the Base Currency only Makes Sense: Says Weiss Ratings

Weiss Ratings is echoing the sentiments of the XRP community as it says Binance adding XRP as the base currency makes complete sense. The crypto rating agency seems to be taking a liking to XRP as it recently Tweeted XRP being really fast in exchange for the money.

XRP community appealing Binance to add XRP as base currency

Recently, XRP is gaining a lot of traction as a new base currency. San Francisco-based, DCEX exchange added XRP as the base currency on its crypto-to-crypto trading platform. At this time only, an Indian exchange Unocoin has also done the same thing. Before this, Bitrue has added the world’s 3rd largest cryptocurrency as its base currency.

Bitrue, the First #XRP Base Currency Cryptocurrency in the Pacific Launches, Partners with Wanchain – https://t.co/fCe8dul11u

— XRP News (@XRPtheone) July 26, 2018

Now, the XRP community wants the leading digital asset exchange Binance to add XRP as the base currency. Currently, binance is using Binance (BTC), Ethereum (ETH), Binance Coin (BNB) and Tether (USDT) as the base. A few days back, an XRP enthusiast asked Binance, if it is looking into adding XRP as the base currency.

Hello @Binance, we would like you to add $XRP as a base currency/pair to your platform – are you looking into it? #XRPCommunity is a big fan of your #exchange and this could certainly drive tremendous volumes for you.. Don’t be like #Bill (aka @Coinbase). Cheers! #XRPTheBase ?

— XRP.Paris ?? (@IntelliCrypto) August 3, 2018

Not long after, the entire community started appealing Binance to just do it!

We would like to see #XRP as one of the base assets on @Binance in order to move value much more quickly!

Please do it @cz_binance !

Let’s get some retweets to let them know. ?#xrpcommunity #xrpthebase
@BankXRP @AlexCobb_ @haydentiff @XRPTrump @Hodor7777 @digitalassetbuy

— C3|Nik (@C3_Nik) August 9, 2018

So, this is how it went!

One Twitter user wrote,

“We’re on @Binance, too. With #XRP as a base we would use this exchange a lot more. XRP is great for shipping your currencies around, cheap & fast. Perfect base. We avoid BTC when we can, the fees are ridiculous. BTC is a collector’s item, XRP is the best bridge. Love that coin.”

One Redditor wrote in part,  “XRP is a lot faster and cheaper than BTC and ETH which are the most common base pairs. It makes a lot of sense, no matter what you think of XRP.”

Also, read: 5 Million Users can now use XRP Instead of Fiats to Pay their Bills

XRP is really fast to move money between exchanges – Weiss Ratings

Not long ago, in the Weiss Ratings’ “Which is best for moving funds between exchanges?” poll, Ripple’s XRP got the top spot with 73 percent votes.

In its latest Tweet, Weiss Ratings also stated XRP being fast in money exchange with no waiting for confirmations.

Juan Villaverde to XRP community: “Thanks, guys! You’ve convinced me. I now use XRP myself to move money between exchanges. No wait for confirmations. Really fast.” #XRParmy #XRPthestandard #XRP #crypto #cryptocurrency

— Weiss Ratings (@WeissRatings) August 9, 2018

The growing interest of Weiss Ratings didn’t stop here as it further shared the same sentiments as of XRP community in Binance adding XRP as base currency which makes complete sense as Tweeted by the cryptocurrency rating agency:

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 Ratings (@WeissRatings) August 10, 2018

XRP has a big and active community that has always been extremely supportive and sentimental about its cryptocurrency. With the way XRP community is getting vocal and passionate about Binance to add XRP as the base currency, it just might become a reality sooner than later.