Coinmama is a global cryptocurrency broker that was launched way back in 2013. This exchange service is owned by New Bit Ventures Limited, who have their headquarters in Israel. Although Coinmama is deemed an exchange service, users are limited to just buying specific cryptocurrencies, as opposed to trading them. Presently, the only cryptos available to buy on Coinmama are Bitcoin and Ethereum.
The advantage of using Coinmama is that it’s available in a large number of countries. In fact, it supports the widest range of nations; almost 200. These include countries like Algeria, Belgium, Kenya, Thailand, UAE, just to name a few. The only countries that aren’t supported are those that have been sanctioned. Coinmama also supports states in the U.S. including Colorado, Kentucky, South Carolina, Texas, etc. Coinmama also allows buying cryptocurrency with credit cards and offers some of the highest limits among brokers that accept credit cards. You are able to buy up to $5000 worth of Bitcoin in a day and up to $30,000 per month.
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.