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Weiss Ratings: Binance Coin’s Success Is Attributed To Its Centralized Nature & More

Weiss Ratings: Binance Coin’s Success Is Attributed To Its Centralized Nature

In a tweet, Weiss Ratings analytics said that Binance’s native token BNB is successful because it’s centralized. The tweet went on to state that because it’s centralized, the token’s creators are always creating new use cases for it. The exchange has been very creative in offering its clients a reason to hold its native token, for instance, when it recently completely revamped their new launchpad service. Not everyone though agrees with Weiss Rating’s viewpoint.

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More Charities Are Beginning To Accept Crypto

Cryptocurrencies have only been around for a decade now but the rate at which they are being adopted for real world use is impressive. Non-Governmental Organizations are the most recent group to warm up to cryptocurrencies. Some have already started accepting donations made in crypto while others slowly starting to gain confidence and trust on the same.

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The Most Significant Use Cases For Cryptocurrency

Crypto assets have made a lot of progress since Bitcoin made its debut a decade ago. It all started out as a P2P payment system but over the years, an array of use cases have spawned that extend far past the digital currencies’ original designation. While there are still debates about the primary function of crypto assets like BTC and ETH, what is evident is that there are more use cases of digital currencies than just for paying for goods and services.

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