In a recent interview, Brad Garlinghouse, CEO of Ripple, said it best that “XRP is solving a payments problem and it’s very efficient to do that.” Ripple XRP is best encapsulated with the statement that Brad made simply because that is Ripple’s main focus. The root of the problem that Ripple serves to answer is cross-border payments. Ripple has shown time and time again that it can be the enterprise solution to be an efficient,…
With the New Year of 2018 now upon now, tax season is looming. One of the most common questions I get asked is do I have to pay taxes on my cryptocurrency gains to the IRS? The answer is simply yes. You don’t want to position yourself to risk being audited by the IRS and potentially go through court hearings that may result in heftier fines, penalization, interest rates, and taxes. Currently, there is a…
Basic Attention Token (BAT) is a cryptocurrency that is more obscure or lesser known to the general masses in the digital currency space. Basic Attention Token is currently only ranked 50 (as of 1/2/2018) among all cryptocurrencies according to CoinMarketCap. If you know me and spoke to me, you would know I tend to stray away from lesser known cryptocurrencies that aren’t proven yet. However, in my eyes BAT was an exception . What made me an…
Bitcoin (BTC) is probably the first coin that introduced you to the world of cryptocurrency. It was for me. Month after month, I would always think that Bitcoin has peaked at $2,500, then $7,500, then recently $19,500. And, each time I would be absolutely dumbfounded by the potential gains. I would get tempted to invest in Bitcoin, but each time I found myself struggling to buy into the hype for fundamental reasons. I’ll tell you why…
You may have already been aware about the Ripple hype, but what about Stellar? Where Ripple is based on a top-down concept revolving around financial institutions first, Stellar focuses on a bottom-up model. In other words, Stellar’s main focus is on the consumer from micropayments similar to today’s Venmo. You may be saying to yourself, how practical is that considering that cryptocurrency tends to fluctuate a lot or does Stellar serve an utility purpose? I…
The Ripple hype has been crazy the past few weeks. The last time I posted about Ripple XRP, it was $0.70. Now, Ripple has doubled and is trending around $1.44 today. The question you may be asking yourself is why has it gone up so fast and if the boat has sailed. I personally stand firm in my position when I say Ripple XRP is still relatively cheap when taking into consideration its potential and…
Ask how many credit cards I own. The number may shock you. As of December 24, 2017, I possess about fifteen credit cards. Don’t freak though because I swear I know what I am doing. Or at least, somewhat. I have been fortunate enough to travel to Hong Kong, South Korea, Colorado, and upcoming Spring 2018, Washington D.C. for close to nothing out of pocket. Contrary to the belief that the way to go is…
A frequent question I receive is how do I grow my money with taking little to no risk at all if investing in the stock market is not for me? The answer I always give for those who are much more conservative is to open up an American Express High-Yield Personal Savings account. As I am writing this blog post at this very moment, the annual percent yield (APY) is 1.35%. And yes, opening up an…
A frequent question I get is how to buy Ripple XRP with money in a safe transaction with as little fees as possible. It has been about two weeks since I’ve blogged about Why I Invested in Ripple XRP. Since then, Ripple has tripled in price. As I am typing this blog post out right now, Ripple XRP is now effectively $0.70. I honestly think that Ripple XRP is still relatively cheap and will hit…
