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Wednesday, August 15, 2018
Coinmama Announced Addition of Ripple (XRP)
Ripple News

Coinmama Announced Addition of Ripple (XRP)

Coinmama announced its support for Ripple (XRP) as now customers using the platform can purchase ripple (XRP) using credit or debit cards.

Ripple (XRP) is the oldest and the third largest cryptocurrency in digital asset world as per the market capitalization. Its inception dates back to 2012. It was co-founded by Jed McCaleb and Chris Larsen.

Coinmama is a financial platform that makes it safe and easy to buy digital currency from anywhere in the world. It commenced its operation from 2013 and provides a customer-centric and simple solution to problems.

It allows to buy packaged or custom amount of tokens using a debit or a credit card from VISA or MasterCard. It ensures a safe and secure transaction with the use of encryption. It currently operates in 188 countries and provides fast-track verification.

Registration is the first step to access the services of Coinmama after which a user needs to submit his/her details and can buy cryptocurrency. The service then transfers the cryptocurrency tokens bought to a wallet that is chosen by the user.

Ripple has slowly gained popularity as it is built on the most advanced blockchain technology. It is secure, scalable and connects various entities with each other to provide frictionless experience to exchange cryptos. Ripple has a system called ‘xRapid’ which helps lower liquidity costs by utilizing XRP’s instant liquidity processes. Its market capitalization is valued at $26.43 billion USD.

The Coinmama had recently added Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA) among others on its platform. Coinmama has introduced Ripple following great support indicated by cryptocurrency investors. Investors prefer Ripple because of its reputation, acceptance by well-known banks and financial institutions and that Ripple is inexpensive and fast to send.

Considering this, Coinmama announced the addition of Ripple which is available for purchase from today itself. In order to provide a seamless process for their customers, Coinmama introduced Ripple. XRP packages are priced in USD and EUR.

The post was posted on the website of the company Coinmama.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.