Ripple update: XRP rated higher at Weiss Ratings
Out of a hundred rated values, XRP ranks first with Cardano and EOS. The B- at Weiss means “BUY”.
The rating of XRP progresses from C + to B – and they motivate it as follows:
Ripple (XRP) technology gets upgraded!
This comes as the result of two key developments:
Implementation of Codius, a second-layer solution for smart contracts and distributed applications (dApps). Running on top of the Ripple network, Codius enables fast smart-contract settlements. It also makes it easy to scale up to accommodate thousands of dApps all running at the same time.
Major progress decentralizing the network. Just to be clear, we think Ripple still retains too much control of the XRP network. But we also acknowledge the development team is moving steadily in the right direction — toward more robust decentralization.
Improved decentralization and dApp capability are both taking XRP exactly where we think it should go: Away from an over-reliance on big financial institutions, and toward a truly permissionless, decentralized ledger that’s capable of accommodating just about anyone with an internet connection.
Although XRP still has lots further to go in this direction, the progress already made is sufficient to bump XRP’s score on our Technology sub-index up by a notch.
PS I can not attach a link because I need an access code that I can not communicate.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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