Stellar Lumens And Zcash Added To Bitcoin IRA
Bitcoin IRA is the world's largest and one of the most secure cryptocurrency IRA platform. It allows customers to purchase Bitcoins and other cryptocurrencies for their retirement accounts. They recently announced that Stellar Lumens (XLM) and Zcash (ZEC) will be added to the list of available digital currencies. These new additions will join other digital offerings on BitcoinIRA.com's platform. These include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum Classic (ETC).
These digital coins were selected by the platform based on a variety of factors which included customer requests, overall marketplace acceptance, product development progress and regulatory factors.
Bitcoin IRAs allow for investing in various cryptocurrencies using retirement savings. It acts as a “self-directed IRA” provided by a few financial institutions in the U.S. which allow alternative investments for retirement savings. Essentially, one can keep other retirement accounts with traditional investments, and separately engage in the self-directed option for cryptocurrency investments.
Their Chief Operating Officer, Chris Kline said:
“As the preeminent company for crypto retirement investments, we're excited to meet the high demand for both Stellar Lumens and Zcash in the marketplace by making these coins available to customers looking to diversify their retirement portfolios.”
Stellar Lumens’ has recently caught the attention of the crypto community. Not only because of its unique cross-border transactions but also the decentralized payment network’s lucrative partnerships with industry biggies such as IBM and Deloitte has been making waves too. Zcash is the first cryptocurrency which open and permission-less. The cryptocurrency uses zero-knowledge cryptography to fully protect the privacy of transactions. The Freedom of the Press Foundation recently announced that they’ll be accepting cryptocurrency donations including Zcash (ZEC).