Sentences with phrase «acceptance as a currency»

It still lacks widespread acceptance as a currency, and appears to trade largely on sentiment.

If bitcoin does not have widespread acceptance as a currency, then its value as a commodity is an illusion.

Not exact matches

The price of bitcoin surged through $ 10,000 on Wednesday, adding to its ten-fold jump in value this year and fueling a debate as to whether the virtual currency is gaining mainstream acceptance or is merely a bubble waiting to burst.

«Following Russia's recent acceptance of the renminbi as payments for oil, we expect more record high oil imports ahead to China,» Gordon Kwan, the Hong Kong - based head of regional oil and gas research at Nomura Holdings Inc., said in an e-mail, referring to the Chinese currency.

«As cryptocurrencies gain wider acceptance, their ability to undermine politicians increases,» said Roger Ver, an early investor in bitcoin who is known as Bitcoin Jesus, for proselytizing about the digital currency in its early dayAs cryptocurrencies gain wider acceptance, their ability to undermine politicians increases,» said Roger Ver, an early investor in bitcoin who is known as Bitcoin Jesus, for proselytizing about the digital currency in its early dayas Bitcoin Jesus, for proselytizing about the digital currency in its early days.

While the bill has yet to achieve final passage and be signed into law, if it is successful it would mark the first step towards full acceptance of Bitcoin as a digital currency.

Although there were controversies as to the actual founder, all that is irrelevant now as the digital currency has gained acceptance across boards and in different businesses.

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.

Cameron and Tyler Winklevoss of Winklevoss Capital shed light on bitcoin, the mysterious digital dollar that's increasingly grabbing attention as it continues to gain acceptance from online services and merchants, as well as their stake in the currency, on CNBC's Squawk Box Tuesday morning.

Anticipating global acceptance of Bitcoin, should you want to denominate and / or settle payments in Bitcoin, we treat Bitcoin as a foreign currency.

This partnership marks another major milestone in the acceptance of bitcoin worldwide, as larger and more global companies embrace the digital currency.

With its growing acceptance as a legitimate currency, the International Standards Organization (ISO) has since designated bitcoin's notation as XBT.

With the recent injection of funds from Li Ka - shing, the Atlanta - based startup may yet establish themselves as an entity akin to PayPal, if virtual currencies gain widespread acceptance in the coming years.

While the official goal of the new futures contract is to establish a regional benchmark for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.

Additionally, FinCEN claimed regulation over American entities that manage bitcoins in a payment processor setting or as an exchanger: «In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.»

The high volatility of bitcoin is a giant hurdle that limits the acceptance of bitcoin as a currency because the price of a currency must...

The value of Bitcoin as a viable currency would clearly be threatened if governments issue a competing currency or take actions to restrict Bitcoin's acceptance.

Dollar's status as the world's reserve currency allows for ready acceptance / convertibility of the dollar all over the world.

The offer — which can be made before as well as during the currency of proceedings (CPR 36.3 (2)-RRB--- must be in writing, state on its face that it is intended to have the consequences of Pt 36, state whether it relates to the whole claim or only part, and whether or not it takes into account any counterclaim, and specify a period of not less than 21 days within which the defendant will be liable for the claimant's costs if the offer is accepted (the acceptance period), so the offeror can allow for more than 21 days or subsequently agree to extend (CPR 36.2).

With its growing acceptance as a legitimate currency, the International Standards Organization (ISO) has since designated bitcoin's notation as XBT.

«We believe that Oneiro will bring the potential of the cryptocurrency market into a completely new realm, as the acceptance and use of digital currencies becomes more mainstream,» said Ciaran Hynes, Managing Partner at COSIMO Ventures, in a statement.

Bitcoins acceptance as payments is very low as compared to any other fiat currency.

The acceptance of Bitcoin is set to skyrocket as the Square Cash app is now allowing a select few to buy and sell the digital currency.

Hailed by many as the people's currency due to its eased out operations and global acceptance, Bitcoin has passed various tests...

For now sales paid for in bitcoin have been a fraction of one percent, but this number is expected to rise as acceptance grows, and the online currency will become as ubiquitous as the internet.

Because the currency is still in its infancy as of November 2017, you might want to offer customers the option to pay with BTC or other altcoins alongside Bitcoin Gold, However, if the cryptocurrency does gain more acceptance, you might see more people willing to pay you for services and products using BTG.

Cryptocurrency expert and research fellow at the University of Cambridge, Garrick Hileman, stated that while most financial institutions such as banks have found it difficult to identify with millennials, digital currencies have outdone them in a short time span due to their acceptance by millennials.

In addition, a person is an exchanger and a money transmitter if the person accepts such de — centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.

However, as a fiat currency, the Ora has a few drawbacks that are hampering its growth and acceptance.

«A person is an exchanger and a money transmitter if the person accepts convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.»

Lee also sees Bitcoin rising to $ 25,000 by 2022 and his bullish view on the currency is «premised on expanded acceptance of digital currencies (as payment platforms), and ultimately broader adoption as a «store of value» (digital currencies have a lot of characteristics that make gold attractive).»

«Bitcoin's popularity is growing rapidly and has established itself as the most secure, most widely accepted digital currency» said Sonny Singh, chief operating officer, BitPay Inc. «This relationship with Optimal Payments will help us to drive merchant acceptance on a global scale.»

South Korea's announcement on Friday made it clear that the country's current tolerance of digital currencies should not be read as implicit acceptance.

With its growing acceptance as a legitimate currency, though, the International Standards Organization (ISO) decided to designate bitcoin's notation as XBT.

Unlike those who doubt that bitcoin can survive as a digital currency, Perklin sees a natural progression toward widespread use and acceptance.

Wilkins warned that there could be ramifications if digital currencies were to gain widespread acceptance, but she described such a scenario as «unlikely»:

Even if we see a major correction in the BTC price in the short term, price appreciation in the long run seems almost inevitable as this digital currency gradually secures worldwide government acceptance, regulatory approval, and mass adoption.

As the digital currency gains popularity and rolls towards mainstream acceptance, smaller investors need to be aware that a large number of Bitcoin is owned by a very small number of people.