New York rapper 50 Cent has a few extra million bucks to his name. The hip-hop veteran has come forward to credit an investment in digital currency Bitcoin for helping fatten his wallet.
This week, Curtis Jackson jumped on Instagram to say he’s made bank dealing with the risky new form of money.
G-Unit’s Uncle Murda has not only promoted digital bucks on his IG page but rapped about it too.
Since launching in 2009, Bitcoin completely takes out the need to deal with banks.
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! … The price of bitcoin skyrocketed into the thousands in 2017. (CNN Money)
Another key advantage for some people using Bitcoin is not having to worry about fees.
Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value. (CNN Money)