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In The Know: Digital currency, crypto credit cards and the federal tax liabilities

Podcast explores the boom of cryptocurrency

The idea of digital currency, once reserved for the pages of obscure corners of the internet, has gone mainstream with hundreds of thousands of cryptocurrency investors, millionaires and prognosticators of what will come next in the ever-changing world of online commerce.

One local tax expert here in the Valley of the Sun contends there are two major factors that make digital currency work. First, consumers believe it has value and through blockchain technology, those transactions are the most secure in the world.

Tom Wheelwright, a Tempe-based certified public account, best-Selling author of Tax-Free Wealth --- better known as the Rich Dad Advisors Series --- speaker and entrepreneur joins the YourValley In the Know podcast for Season 2 Episode 8.

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