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Crypto, NFTs and Tungsten Cubes: A Guide to Giving Cash in 2021 – The Wall Street Journal

Posted on December 15, 2021 By Financial independence No Comments on Crypto, NFTs and Tungsten Cubes: A Guide to Giving Cash in 2021 – The Wall Street Journal

Cash 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.

Source: https://www.wsj.com/articles/nfts-and-cryptocurrencies-replace-cash-as-a-new-holiday-gift-11638873001

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