Not exact matches
With Abra enabling people to convert to and from fiat
currency and bitcoin as well as with Abra's underlying technology making use of bitcoin under the hood, will we be expecting any
service disruption on August 1st with Abra (
noting that there might be a potential disruption with the bitcoin network at that time)?
It's also worth
noting that with
services like BitX you can do this with Bitcoin directly, or using «Bitcoin as a rails» - in effect using Bitcoin as a background payment mechanism whilst only being exposed to your local
currency - this makes a big difference in driving early mainstream adoption.
Many
services offer to direct credit your local bank account (not all
currencies are supported) and / or will mail a check with, as
noted, a minimum payment of amount of US$ 100.
Note I'm going to focus on Gross figures from here on, as readers have v different broker
service, commission costs, tax statuses, base
currencies etc..
Robocoin
noted that consumers will no longer «buy» and «sell» bitcoins on the
service, but rather deposit and withdraw bitcoin or fiat
currency.
The streaming
service plans to initially distribute the
currency via an initial coin offering (ICO), a common method of funding new cryptocurrencies, but once the ICO is completed
Notes will become freely tradable.
Note that the case for fiat
currency conversion is that VAT is not changed on the volume of the trade, but only on the
service charge.
As reported earlier this year, the Australian Treasury has eliminated a goods - and -
services tax on bitcoin purchases, an act that the Australian government
noted will foster digital
currency business development in the country.
«This is in line with Bill C - 31... which would see «dealers in digital
currency» regulated as money
services businesses,» Amber Scott founder and CEO of Outlier Solutions
noted.
The
note about cryptocurrency was added to an already existing point that stated government employees were not required to declare «goods and
services in their natural forms,» adding laconically «as well as virtual
currencies.»
They
note that the
service is not hosted — «merchants have full control of their own digital
currency.»
However, the
note fails to mention potential innovations — such as Bitcoin's Lightning Network or the upcoming Visa - based Litecoin transaction
service LitePay — which could make cryptocurrencies act more like traditional
currencies and, thus, help foster widespread adoption.
Bank Teller — United AC Bank, Atlantic City, NJ — 2/2007 — 3/2012 • Received Employee of the Year for excellent customer
service,
noted by consistent name references in customer reviews • Educated customers on financial
services, computer account access, and mobile apps for their convenience • Recommended relevant bank products and
services when appropriate, setting a record in
service referrals and exceeding the company's promotion profit goals by 10 percent • Processed automated teller transactions, night deposits, and loan and retirement plan payments on a day - to - day basis • Provided the head manager with daily cash supply orders to maintain sufficient funds for successful operations every day • Counted and sorted
currency by hand and with counting equipment in order to ship to other branch locations