Sentences with phrase «traditional currencies»
"Traditional currencies" refers to the commonly used forms of money that have been in circulation for many years. These are physical currencies like coins or notes that are issued by a government and accepted as a medium of exchange for goods and services. Examples include the US Dollar, Euro, or Japanese Yen. Full definition
We're the first company to combine the speed and flexibility of blockchain finance with the acceptance of traditional currency — all in one account.
wirexapp.com
A number of shops would accept a bitcoin card along with traditional currency.
It would be extremely difficult to apply regulations crafted for traditional currency exchanges to digital currencies like bitcoin and it might even be impossible altogether.
First of all, cryptocurrencies differ from traditional currencies in the sense that they are not backed by a central bank.
He went on to express support for cryptocurrencies that represent traditional currencies like dollars and yen.
A huge factor that sets it apart from traditional currencies is the fact that it's decentralized.
This might force bitcoin exchanges to start operating in much the same way as traditional currency exchanges, but there is a problem.
Unlike other traditional currencies, this first decentralized digital currency works without a single administrator and central repository, unlike government - issued currencies.
Well, for starters, there are many benefits to bitcoins over traditional currencies.
Most conventional bank accounts will only let you manage traditional currencies.
While the parody itself is clearly geared toward traditional currency, it also inadvertently makes a strong case for cryptocurrency and why people are putting their faith into it.
By using money online, the idea of moving traditional currencies between different end users gained momentum.
He does not think that cryptocurrencies should draw comparisons to traditional currencies because their use case is so much different.
While central banks create traditional currencies, bitcoin is «mined» by bitcoin miners.
Whenever you want traditional currency in exchange of bitcoins you can, you can do it many ways.
Unlike traditional currencies where every move is tracked and traced, alternative currencies can be used anonymously.
As opposed to traditional currencies overlooked by financial institutions or kept as cash, cryptocurrencies are less prone to seizure by law enforcement or regulatory boards.
Central banks generally do not have a dog in the cryptocurrency fight, as they continue to print and regulate traditional currencies.
This is true with traditional currencies — which have been traded for hundreds of years — as well as new virtual currencies.
Plus, you can effortlessly trade bitcoin for traditional currencies or other popular cryptocurrencies.
We are the first company to combine the speed and flexibility of blockchain finance with the acceptance of traditional currency — We offer secure bitcoin wallets, supported by online and mobile applications.
Traditional currencies like USD are the funding and withdrawal method.
The system would include features such as easily converting your cryptocurrency holdings to any other traditional currency.
According to the definition, virtual currency is not only distinguished from traditional currency but also from electronic money.
Unlike traditional currencies, cryptocurrencies do not rely on a central issuing body or sovereign government.
Now Kidd, a federal regulator turned entrepreneur, has invested $ 57.5 million into Uphold, a four - year - old currency exchange where traders can convert USD into traditional currency like euros as easily as they can cryptocurrencies like the red - hot bitcoin.
If you ask some futurists, cryptocurrencies are set to replace traditional currencies in only a matter of decades.
Although CoinJar isn't marketed for active traders, it allows you to hedge bitcoin against traditional currencies, such as the US dollar and British pound.
It provides legal ICO regulation and it allows exchange for traditional currencies on Belarusian exchanges.
The Wirex Account gives you cutting - edge cryptocurrency management along with traditional currency accounts and globally accepted debit cards.
Miner - While traditional currencies are printed by central banks, bitcoins are «minted» by Bitcoin miners.
Bitcoin has been described as a decentralized, peer - to - peer virtual currency that is used like money — it can be exchanged for traditional currencies such as the U.S. dollar, or used to purchase goods or services, usually online.
Sputnik: Is the dramatic increase in the popularity of cryptocurrencies already affecting traditional currencies or maybe its influence could in the future?
Tether Limited has designed currencies that act as anchors or «tethers» to fiat currencies like the US dollar or the euro, where every tethered cryptocurrency issued in circulation is backed by a 1:1 ratio with traditional currencies held in deposit by Tether Limited.
Convert crypto into traditional currency via your Wirex Wallet.
Wirex's mobile wallet is linked to a Visa debit card that can be used to send and receive traditional currency and bitcoins anywhere in the world, making mobile banking easy and hassle - free.
Launched in 2014, Tether claims to be the first Blockchain - enabled platform to allow traditional currencies to be tokenized, allowing users to transact with fiat currencies across the exchange without the relative volatility associated with digital currencies.
In a world of online transactions, digitalising your assets can play a big part in securing against fraud Traditional currency has already been adapted to the digital space, i.e., it has already been digitalised.
As claimed on the Tether website, «Every tether is always backed 1 - to - 1, by traditional currency held in our reserves.
From Malmö in the south, where payment solution company Plingpay is using bitcoin's blockchain as a bridge between traditional currencies, to Boden in the far north, where several crypto mining and blockchain companies have established data centres, Sweden has solidified its position as a hotspot for cryptocurrency experimentation and innovation.
Other elections across the EU that threaten the single market also prodded some to put their trust in Bitcoin versus more traditional currencies.
«We're a global economy now, but there's no one traditional currency that ties the world together,» Draper says.
Even fractions of a Bitcoin have a value higher than many traditional currencies.
(FINANCE) This goofy parody showcases why traditional currencies are mocked while cryptocurrency solves some inherent problems with finance.
Issuing digital money could help «reduce the high costs of circulating traditional currencies... boost the convenience and transparency of transactions, reduce money laundering, tax evasion and other criminal acts,» according to the statement, which summarized the findings of a special meeting on the subject in Beijing this week.
The Act also explicitly excludes traditional currency from its definition.
Of course, this strategy can be used on traditional currency pairs as well, such as the EUR / USD, GBP / USD, USD / JPY,..