Equities considered for selection include those companies involved in digital asset mining, blockchain and digital asset transactions, and those companies with blockchain applications and software services. Some say the real value of cryptocurrency lies in the underlying blockchain technology. A number of businesses have adopted blockchain technology for recording transactions made with conventional currencies as a way to increase trust and prevent fraud and money laundering. More and more businesses take crypto as payment, and financial transaction platform Square facilitates crypto transactions. Potential applications of blockchain technology include transfer of funds, trade settlement and voting. High returns, wild volatility and persistent media attention have propelled cryptocurrencies to the front of news cycles. In our view, these are find out more speculative, high-risk investments that require more regulated, quality products before we consider it a robust and investable asset class. Still, we believe long-term investors may benefit from an overview of what they are, the material risks and what’s ahead. Similarly, BlockFi, a crypto lender backed by tech billionaire Peter Thiel, offers rates of up to 8.6% APY on deposits, while bank savings accounts offer a meager 0.05%. Anchor, a savings protocol on Terra’s blockchain, provide more stable yields to depositors in an attempt to bridge the DeFi experience to that offered by traditional finance. The Lukka Prime platform offers pricing data for more than 550 digital assets, many of which are currencies—including top-traded cryptocurrencies such as Bitcoin, Ethereum, Tether, and Litecoin. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances.
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