Sentences with phrase «bitcoin as an alternative currency»

European Union Commissioner Pierre Moscovici says he does not consider bitcoin as an alternative currency as he explains the EU's view of the cryptocurrency.

«At this stage, we do not consider Bitcoin as an alternative currency,» Moscovici said.

Not exact matches

Bitcoin has soared more than 1,600 percent this year as people rush to buy the digital currency in the hope it will become a legitimate alternative to gold or traditional money.

It's being billed as the first mainstream service allowing consumers to buy and sell bitcoin, the virtual currency used as an alternative to traditional money systems.

What's more, even new, alternative currencies, as well as presumably anonymous means of payment like the Internet currency Bitcoin, rank among the targets of the American spies.

Bitcoin is commonly characterized as an alternative currency, but actually the core concept has little to do with money.

Some have advocated using Bitcoin as an alternative to inflationary fiat currency.

Bitcoin got an unexpected endorsement this week - federal authorities signaled they view the digital currency as a legal means of exchange and legitimate payment alternative.

Altcoin is a combination of two words: «alt» and «coin»; alt is short for alternative and coin as to do with currency; together they imply a category of cryptocurrency that is alternative to Bitcoin itself.

As an exciting new alternative to traditional currency, centralized banking, and transaction methods, cryptocurrency was introduced as a mainstream product in 2009 with the appearance of BitcoiAs an exciting new alternative to traditional currency, centralized banking, and transaction methods, cryptocurrency was introduced as a mainstream product in 2009 with the appearance of Bitcoias a mainstream product in 2009 with the appearance of Bitcoin.

Also, the awareness that astronomical gains don't continue forever doesn't mean that bitcoin won't last as a digital currency and as an alternative to using dollars and other currencies to make purchases.

Although Bitcoin is, and will continue to be, the world's leading cryptocurrency, companies such as Abra are taking a closer look at alternative currencies.

The confidence in Bitcoin may break as a result of unexpected changes such as: unfavorable legal regulations, banning electronic legal tenders, introducing the prohibition on trading in virtual currency in specific areas, imposing high taxes, creating competitive alternative currencies, deflation, and other factors which may significantly affect the shaping of the exchange rate of Bitcoin against other currencies.

Bitcoin may have originally been proposed as an alternative currency, but with such volatile pricing, it doesn't qualify anymore, he warns.

We can also see the value in the use of Bitcoin (and other crypto currencies) as an alternative to traditional currencies, particularly in countries or markets where there is little faith in the stability of the currency or where there are significant transactional restrictions in place.

And if Bitcoin acceptance in Arizona is successful, it could encourage other states to follow suit, which should help speed Bitcoin's acceptance as a successful alternative currency.

To Adam Sah, co-founder and CEO of Best Friend Wholesale & Mercantile, a San Francisco - based specialty grocery store chain, offering the digital currency bitcoin as an alternative payment solution for customers seemed like a no - brainer.

Make sure your merchant system supports an alternative payment solution As in the case of foreign currency relative to the U.S. dollar, bitcoin rates can fluctuate.

In a November speech, Bank of Canada Senior Deputy Governor Carolyn Wilkins warned, «As we think about alternative futures, we have to envision a world in which people mostly use e-money, perhaps even one that's not denominated in a national currency, such as Bitcoin», adding that «If we don't start now to find new approaches to handle these and other alternative futures, we won't be prepared for whatever comes our way»As we think about alternative futures, we have to envision a world in which people mostly use e-money, perhaps even one that's not denominated in a national currency, such as Bitcoin», adding that «If we don't start now to find new approaches to handle these and other alternative futures, we won't be prepared for whatever comes our way»as Bitcoin», adding that «If we don't start now to find new approaches to handle these and other alternative futures, we won't be prepared for whatever comes our way».

Bitcoin has been viewed uneasily as an exotic alternative currency.

While BitCoin is still in its relative infancy as an alternative currency, growing interest from both investors and companies around the world can be seen as proof of the currency's potential growth.

As the value of a Bitcoin soars toward $ 10,000, consumers haven't quite caught on to the alternative currency accepted at a number of local businesses.

The Russian government warned that Bitcoin should not be treated as an alternative currency of the Rouble.

Theoretical introduction to digital currencies: This will include the history of digital currencies, the invention of decentralized consensus through proof - of - work, and a technical overview of cryptographic currencies such as Bitcoin, as well as alternative / advanced uses of the blockchain.

According to the Cambridge Center for Alternative Finance, 75 % of US consumers who owned cryptocurrencies in 2016 used those currencies for payments within a 12 - month period, unique active users of cryptocurrency wallets numbered between 2.9 and 5.8 million in 2017, and 48 % of Coinbase users use Bitcoin as a «transactional medium» — defined as making one payment per year.

The arrival of bitcoin futures later this year could signal a profound shift in the alternative currency market as institutional cash has a greater say in price action.

For years, individuals and investors that were concerned with debt, deficits and a weak dollar turned to gold as the ultimate safe haven, but now bitcoin is starting to become the alternative currency.

BCH came into existence Aug. 1 as an alternative to the original bitcoin currency.

As we saw above, any attempts to do so will rely upon Bitcoin's value as an independent currency, making any alternative uses mere extensions of Bitcoin's primary use rather than replacementAs we saw above, any attempts to do so will rely upon Bitcoin's value as an independent currency, making any alternative uses mere extensions of Bitcoin's primary use rather than replacementas an independent currency, making any alternative uses mere extensions of Bitcoin's primary use rather than replacements.

As bitcoin has long been the dominant digital currency (it was the first public blockchain to operate at scale and gather a wide user base), traders continue to watch for signs ether is emerging as a viable alternative investment, one that moves based on different stresses and factors than bitcoiAs bitcoin has long been the dominant digital currency (it was the first public blockchain to operate at scale and gather a wide user base), traders continue to watch for signs ether is emerging as a viable alternative investment, one that moves based on different stresses and factors than bitcoias a viable alternative investment, one that moves based on different stresses and factors than bitcoin.

Bitcoins are not issued by banks or governments — indeed the Bitcoin platform was designed to offer an alternative to national currencies like the dollar, and commodity - based currencies such as gold or silver coins.

The Russian court decision will be closely watched by investors as Telegram is also undertaking the world's biggest initial coin offering - a private sale of tokens which could be traded as an alternative currency, similar to Bitcoin or Ethereum.

China has long been a major hub for bitcoin, which was created by an anonymous programmer during the depths of the 2008 financial crisis as an alternative to official currencies.

Since mid-2015, the U.S. dollar and other international currencies including Bitcoin have been perceived as ideal alternatives to the bolivar for both businesses and individuals because of the high international value of these two currencies.

With bitcoin as a promising new alternative currency, they believed it could revolutionise how people do business in the country.

Bitcoin was the first ever «cryptocurrency» designed by Satoshi Nakamoto in 2008 as a decentralised alternative to fiat currency.

All of this is possible because of an explosion in the cryptocurrency market over the past few years, they argue, in which Bitcoin has survived internal strife but also given birth to alternative currency systems and platforms such as Ethereum.

He added that he views bitcoin as an alternative to fiat currencies rather than a replacement.

While this model is common, Bisq is one of the few decentralized exchanges that lets users buy and sell bitcoins in exchange for national fiat currencies as well as alternative cryptocurrencies.

BCH came into existence Aug. 1 as an alternative to the original bitcoin currency.

As a provider of software that allows alternative currencies to be launched on the bitcoin blockchain, Colu is perhaps in a unique position when it comes to the possibility of a fork.

Yes, alternative digital currencies exist, but they have roughly zero non-speculative use cases and they're often viewed as nothing more than testnets for Bitcoin.

Digital currencies, such as bitcoin, are largely self - regulated and not backed by a central bank, making them popular as an alternative to fiat currency.

Contrary to what we learned by observing the chatter between criminals during the past several weeks, Bitcoin remains the gold standard in the dark web, with all vendors accepting it as a payment, and Litecoin emerged as the second most popular currency, with 30 percent of all vendors who implemented alternative payment methods willing to accept it.

Classification of Bitcoin Sheng Songcheng, an advisor to the People's Bank of China, said crypto - currencies, like Bitcoin, do not have what it takes to be a viable alternative currency, but more as a store of value.

The Core team is now describing the currency that will emerge from SegWit2x as an «alternative currency,» and not the «real» Bitcoin.

If the Bitcoin ecosystem will keep moving in the same direction as now, when Bitcoin is competing with payment systems, not currencies, the price risk will be moved away from end - users (both payers and merchants) to Bitcoin processors such as SpectroCoin, which perceive Bitcoin price risk as an alternative to operational risk such as fraud, chargebacks and other.

While Bitcoin and Ether are both digital currencies, the primary purpose of Ether is not to establish itself as a payment alternative (unlike Bitcoin) but to facilitate and monetize the working of Ethereum to enable developers to build and run distributed applications (ĐApps).

The Silk Road and Mt. Gox hacks have raised some big question marks on Bitcoin's viability as an alternative currency.

The general concept first appeared in a much weaker form as «merged mining», a mechanism in which alternative currency miners publish pointers to their blocks in the Bitcoin blockchain to mitigate the threat of 51 % attacks.