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.
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.
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
Thank you for reading the article. Wishing you a very Happy New Year from team Blockmanity 🙂
Did you like the news you just read? Please leave a feedback to help us serve you better