Today news
About the same in other media
NFTs and cryptocurrencies replace cash as a new holiday gift
Reading now: 251
livemint.comCash in little wrapped boxes or tucked inside Hallmark cards is one of the most reliable and beloved gifts. But this holiday season, cash gifts are taking a new form as cryptocurrencies and nonfungible tokens, or NFTs.
Giving digital money requires planning, though, as you can’t simply buy one of these assets and send someone a link. Instead, they need someone to have a digital wallet already created, through a provider such as Rainbow, MetaMask or Coinbase. The wallet then holds the assets, effectively acting as a bank account.
“There’s a fixed cost to getting started, and there’s no way around that," said Lex Sokolin, head economist and global fintech co-head at ConsenSys, a blockchain software technology company. “It is like you’re
Read more on livemint.comAbout this in other media
Allowing cryptocurrency may erode central bank's control over money supply: Former RBI Guv Duvvuri Subbarao moneycontrol.com /2 years ago
Crypto-backed loans: How banks are working to capitalise on cryptocurrency mania cnbctv18.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
