Ripple : Uphold USD card and capital gains

Ripple update: Uphold USD card and capital gains

I was wondering if any Uphold users can answer this question. If I move XRP to my USD card in Uphold but do not cash out does doing so trigger capital gains? In other words, if the price of XRP was plummeting and I decided to temporarily move my stash to the USD card but then transferred back to XRP at some time in the near future does that count as a transaction with capital gains or is it only if I transfer USD from Uphold to my bank account?

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About Ripple (XRP)

Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.

Author: dreamofpolyphemus

Score: 5

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