Weiss Crypto Ratings, a crypto and financial ratings company, said that the XRP community transitioning over to XLM would make sense. The company suggested Stellar leads in “technological advancement” but struggles with adoption, which is why migration from XRP to XLM would close that gap.
Weiss Crypto comes up with a bold suggestion
The nature of cryptocurrencies makes it incredibly hard to reach mainstream adoption, which is why some of the most successful crypto projects are the ones that most closely resemble a traditional monetary structure.
However, those projects often find themselves on the receiving end of incredibly harsh criticism for their lack of decentralization and other basic crypto-principles.
And while this seems that it might be a problem that looms over the industry forever, a financial rating company believes there is a solution to this persisting problem.
Weiss Crypto Ratings, a provider of ratings of stocks, ETFs, financial institutions, and cryptocurrencies, said that a marriage between a popular and a technologically advanced cryptocurrency would heal the industry’s woes.
“Some say #XRP community transitioning over to #XLM would make sense. XLM has the technological advantage over XRP, but XRP leads in adoption. If the XRP community moved over to XLM, that adoption gap would close,” the company tweeted, asking its followers whether they would cross over if such a movement happened.
Crypto Twitter unites against Weiss
The company tried to distance itself from the bold statement by insinuating that it originated elsewhere but to no success. The reaction that ensued seemed to unite the always divided crypto community against a common enemy.
The reactions ranged from mildly amused to completely baffled,