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NFTs and cryptocurrencies replace cash as a new holiday gift
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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
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