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Frequently asked questions
Some experts predict that the price of this coin will get higher when more banks and financial institutes accept and start working with XRP and Ripple networks. If you are thinking about investing in a cryptocurrency, XRP can be a good choice. However, before buying XRP you should do more analysis and read more reviews to make sure it is worth buying.
Certain types of activity are more likely to be in the nature of an investment rather than a trade.
The Irish Tax and Customs Agency has released a document in conjunction with section 21 of the Taxes Consolidation Act, which in detail explains what constitutes trading in Ireland.
Yes. According to the Irish Tax and Customs Agency, purchasing cryptocurrency will generally not arise taxable events.
No. You should buy at least 20 ripples to activate the XRP wallet.
According to RTE, the national Irish news service, 18% of Irish people currently own or have previously owned cryptocurrency.
Chris Larsen and Jed McCaleb are the founders of Ripple network and its token “XRP”.