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.
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:
Discuss this news on our Telegram Community. 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
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
In the rapidly evolving landscape of web-native payments it has become clear that new infrastructures…
A New Era for Global Trade: Alibaba Taps JPMorgan's Blockchain Global commerce has long been…
The Promise of Web3 Meets a Centralized Reality Web3 was built on a revolutionary promise:…
Bitcoin's Sudden Plunge Shakes the Crypto Market The cryptocurrency market is awash in red after…
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…