Jan 22, 2018

01/22/18: Should you invest in something that calls itself Ripple?

HTML EMBED:
COPY

There are LOTS of cryptocurrencies. Yes, bitcoin, but also: Ethereum, Ripple, Litecoin, IOTA, Dash, TRON and Bitcoin Cash. What’s a new investor to do? Read Reddit threads, of course. And starting this week, there are now official financial ratings of…

Segments From this episode

A visual representation of the digital cryptocurrency, bitcoin alongside U.S. dollars on Dec. 07, 2017 in London, England. 
Dan Kitwood/Getty Images

There are LOTS of cryptocurrencies. Yes, bitcoin, but also: Ethereum, Ripple, Litecoin, IOTA, Dash, TRON and Bitcoin Cash. What’s a new investor to do? Read Reddit threads, of course. And starting this week, there are now official financial ratings of the coins, as well. Weiss Ratings is going to assign letter ratings to cryptocurrencies, though, because of their volatile nature, the grades could change daily. Marketplace Tech host Molly Wood talks with Martin Weiss, who’s behind the ratings. 

Listening makes you smarter…
donating makes it all possible.

Our mission is to raise the economic intelligence of the country, exploring the intersection of the economy, tech, and our daily lives. As a nonprofit news organization, we count on your support – now more than ever before.

Secure the future of public service journalism today when you become a Marketplace Investor.