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Tag Archives: ripple

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Ripple gets support from cfpb

Ripple Takes a Big Step Towards Mainstream Financial Adoption

NewsBy Sam OhanianMay 21, 2020Leave a comment

As the top crypto dedicated to money remittance, XRP has just nabbed the support of the U.S. Consumer Financial Protection Bureau. See what big developments may result from this partnership – not just for cryptocurrencies, but for the financial industry as a whole.

dollar crypto global reserve currency

Can BTC or XRP Supplant the USD as Global Reserve Currency?

NewsBy AndyNovember 7, 2019Leave a comment

The U.S. dollar has enjoyed status as global reserve currency status for decades, but with growing discontent for the greenback around the world in recent years, some speculate that a cryptocurrency could take over that role. Could it be Bitcoin or Ripple? The arguments that some experts are making aren’t as farfetched as you may think.

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Important Tax Considerations:
BitIRA is not a legal or tax professional and does not provide legal or tax advice. It is BitIRA's understanding that Digital Currencies may be held in an individual retirement account, but if you have any questions regarding the legal rules applicable to individual retirement accounts, including which assets may be held in such an account, you should contact a legal or tax advisor. BitIRA makes no representation or warranty that purchasing Digital Currency for placement in an individual retirement account complies with government regulations or statutes or that current rules and statutes (or the interpretation of existing rules and statutes) will not change.

Important Investment Considerations:
In BitIRA's opinion, Digital Currencies are a highly speculative investment, and anyone considering purchasing Digital Currency should have the financial flexibility and resources, and the risk tolerance, to lose the entire investment. BitIRA does not offer any opinion as to which Digital Currency(ies) to purchase, in what amount, and for how long a customer should hold such Digital Currency. Nor does BitIRA offer any opinion as to what percentage, if any, of a customer's portfolio should be devoted to alternative and highly speculative investments like Digital Currency. Historical performance is no guarantee of future results. BitIRA does not guarantee or represent that anyone purchasing Digital Currency will make a profit.

BitIRA is not an investment specialist, tax specialist, financial planner (certified or otherwise), or retirement advisor, and BitIRA does not provide investment advice, tax advice, financial planning services, or retirement planning or retirement-specific advice. BitIRA facilitates the purchase of Digital Currency, nothing more, and charges a fee for the service it provides (based on the transaction value). No fiduciary relationship, broker dealer relationship, principal agent relationship or other special relationship exists between BitIRA and its customers.

Customers purchasing or liquidating Digital Currency make all investment decisions.

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