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Ripple Takes Measures To Promote XRP

XMR

Ripple Aims to Make Investments in Startups That Will use XRP Cryptocurrency

Payments firm Ripple announced that it intends to invest in technology startups to broaden the scope of XRP - its' cryptocurrency which is presently the third biggest digital coin behind ethereum and bitcoin, relative to total market capitalization.

In January and December, XRP rose in value after a crypto market surge that involved bitcoin reaching almost $20k per coin. Collectively, the value of XRP was over $128 billion at its' highest, prior to a January market slump that diminished that value substantially. Now, the coin has a $30 billion market cap, however Ripple has been criticized for XRP's apparent lack of use. Originally, this was advertised as a banking tool, but it has only attracted overseas payment services as clients.

Amazon Announces Virtual Currency, Amazon Coins

The bitcoin logo

The bitcoin logo (Photo credit: Wikipedia)

Amazon Announces Virtual Currency, Amazon Coins

Earlier this week, Amazon announced their new service, Amazon Coins, which is a virtual currency used to buy apps, games and other in-app purchases. 

They kicked off the launch by giving all Kindle Fire owners $5 worth of Coins, equal to 500 coins.  Users can buy more Coins, and they can save up to 10 percent for buying high quantities at a time. 

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