Sentences with phrase «fiat currency held»

Apart from that, all currency tokens will be backed 100 % by an equivalent amount of fiat currency held in a bank account.

Unlike bitcoin, Tether tokens are backed by reserves of fiat currency held by the company, Tether Limited.

Wirex's app and web control panel shows you exactly what you own in bitcoin or fiat currency holdings.

Tether Limited states that to keep the Tether pegged to fiat currencies, the balance of fiat currencies held in its reserves will be equal to or greater than the Tethers in circulation.

It seems like Circle's business functions much in the same way as Venmo, the mobile payments platform owned by Paypal, except instead of just fiat currencies held in customer wallets, the use of Ethereum allows for the holding of cryptocoins as well.

Not exact matches

Despite a decline in fiat currency reserves, China's holdings of gold have increased to $ 60.19 billion in December as compared to $ 59.52 billion in November.

Those who hold a larger portion of bitcoin also contribute to the volatility when they decide to convert it into fiat currency.

That would mean that, ostensibly, Tether Holdings Limited added $ 600 million dollars (or its equivalent in various fiat currencies) to its books at some point before minting those USDT.

«The really tricky question for regulators is how we structure those type of rules in light of the fact that the funds these firms hold are not denominated in dollars or other forms of traditional fiat currencies,» Lawsky said.

Resembling fiat currency bank accounts, Ether wallets are used for holding, storing, and transferring Ether.

Bitcoin's nature as an entirely different concept from fiat currency further raises the question as to how much technical knowledge a user must have in order to hold and transact in the cryptocurrency successfully.

Not only does BitPay's service make business sense, but we are excited about giving owners of bitcoin the opportunity to inexpensively and reliably convert any excess holdings into precious metals rather than back to fiat currency,» said Michael Finger, Director of Marketing at Euro Pacific Precious Metals.

If you utilize Abra by holding fiat currency, ie.

In other words, Abra gives you investment exposure to cryptocurrencies or fiat currencies without actually holding the physical currency.

By holding your funds in fiat, you can minimize the volatility of your balance, as fiat currencies are generally less volatile than cryptocurrencies.

It holds both bitcoin and fiat currency while buyers and sellers complete the necessary steps to finalize the transaction.

Hi Vic, Abra supports holding bitcoin and over 50 fiat currencies in the app, including bitcoin.

You can use Abra at any time where you intend to buy, hold, sell, send, and receive bitcoin or any of the 50 + fiat currencies available through the Abra app (a fiat currency is a government - issued currency, such as US dollars or Euros).

Using a Bitcoin - based multi-signature wallet, a consumer can hold fiat currency or ether and Abra will ensure that the value of bitcoin the consumer is holding stays fixed to the amount of ether or fiat currency that the consumer wishes to hold — we call this a synthetic currency.

Abra's new Bitcoin - based multi-signature wallet for holding, sending and exchanging between digital assets, starting with ether and 52 fiat currencies

By default, the Abra wallet will hold your balance in your local fiat currency based on the phone number you signed up with.

If you choose to hold «raw» bitcoin (not fiat) your bitcoin balance will obviously fluctuate against all fiat currencies.

The nouveau logic surrounding this fiat currency regime states that confidence and trust for a piece of paper backed by faith will always trump the desire for people to hold something tangible.

«We have long believed that cryptocurrencies should be held to same standards as traditional fiat currencies, especially when it comes to active trading», he told CNR.

Modern Monetary Theory (in fact a rediscovery and updating of Functional Finance) holds that our limits are real resources and inflation not lack of money, for the issuer of a free - floating fiat currency.

As people lose faith in the ability of central bankers to maintain the value of their product, which is fiat currency, they will demand that more interest is paid when they hold debt instruments that are denominated in a depreciating currency.

All client deposits and assets, including both bitcoin and fiat currency, are held for customers in secure custodial accounts in order to ensure the safe return of customer balances.

Bill Barhydt is the CEO of Abra, which is a «crypto bank» built on a system of Bitcoin and Litecoin smart contracts that allows users to hold pretty much any fiat currency as digital cash on their smartphones.

'' built on a system of Bitcoin and Litecoin smart contracts that allows users to hold pretty much any fiat currency as digital cash on their smartphones.

Although currently Tokens are not regulated or are lightly regulated in most countries, including the United States, one or more countries may take regulatory actions in the future that severely restricts the right to acquire, own, hold, sell or use Tokens or to exchange Tokens for fiat currency.

Due to its stablecoin platform — which facilitates holding digital currencies and fiat currencies through a combination of bitcoin and litecoin - based smart contracts — the wallet app is able to add new digital currencies once they pass the company's rigid analysis based on liquidity, contract market, and other factors.

As much as I would love to see it I am a heart to heart money person, I believe that responsible policy is what holds and what's needed in a fiat currency world.

This makes holding bitcoin superior in many ways to holding fiat currency in a deposit account.

In contrast, an exchanger that holds customer funds while arranging a satisfactory buy / sell order with a third party, and transmits virtual currency and fiat currency between buyer and seller, will typically be considered a virtual currency transmitter.

From the outset, the cryptocurrency community has held as a fundamental tenet that cryptocurrencies are inherently superior to fiat currencies by virtue of the security associated with the technology, the cap on the number of units of currency to be issued (either immediately or ultimately) and the freedom from meddling regulators, especially central banks.

In such economies, cryptocurrencies with a capped amount of coins become a much better store of value than wantonly printed fiat currency because they hold their value better.»

All fiat currency or bitcoin sent to or from ITC in New York occurs exclusively through approved customers sending money to be held by ITC in an insured bank or Bitcoin to be held by ITC or a withdrawal of that customer money or Bitcoin at the express direction of an existing customer of ITC's New York trust company offices.

Bitcoin is a peer - to - peer cryptocurrency, which is created and held electronically but is not printed like fiat currency and is not under the control of any central regulatory authority or bank.

So even if the fiat currency stumbles or plummets over the edge, silver will hold.

Converting between different digital currencies requires the user to first «sell» their holdings for fiat equivalent, making the entire process susceptible to market volatility.

If you are looking to completely avoid holding fiat currency altogether, Vaultoro's platform is something you need to check out.

No, you can hold ETH coins, sure, but if you trade it on an exchange you are trading it compared to BTC or USD, or some other fiat currency.

Revolut is merging traditional banking and cryptocurrency to let you buy, sell, trade, and hold Bitcoin, Litecoin, and Ether alongside 25 world fiat currencies.

Sources say that Telegram plans to allow users to hold both Telegram's currency and fiat currency in a forthcoming wallet.

Using a Bitcoin - based multi-signature wallet, a consumer can hold fiat currency or ether and Abra will ensure that the value of bitcoin the consumer is holding stays fixed to the amount of ether or fiat currency that the consumer wishes to hold — we call this a

This makes holding bitcoin superior in many ways to holding fiat currency in a deposit account.

Abra's new Bitcoin - based multi-signature wallet for holding, sending and exchanging between digital assets, starting with ether and 52 fiat currencies

Usually this is done via using own capital (fiat and BTC) in order to fund hot wallet (from where bitcoins are sent to customers) or additionally holding some liquidity on bitcoin exchange (fiat currency liquidity), which is converted to BTC when transaction happens to lock exchange rate and laterto replenish hot wallet for future transactions.

Revolut Crypto allows users to effortlessly buy, hold and exchange cryptocurrencies in any of the 25 fiat currencies supported by the app.

While consumers who use Abra's flagship payment app can hold balances in local fiat currencies (it's actually bitcoin, hedged with smart contracts), transfers between wallets ride on bitcoin's rails, which know no borders.