Sentences with phrase «adopting global currency»
Last week for example we learned the Financial Stability Board recommended against the G20 countries adopting global currency rules.
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According to Martin Slumbers, chief executive of The R&A, the governing body that organizes the event, «We are operating in an increasingly global marketplace and have made the decision to award the prize fund in US dollars in recognition of the fact that it is the most widely adopted currency for prize money in golf.»
They should adopt a decentralized blockchain based currency and gain instant global recognition.
In addition to coming into its own as a truly global currency, bitcoin is being adopted by payment industry leaders and offered alongside mainstream methods.
«We are operating in an increasingly global marketplace and have made the decision to award the prize fund in US dollars in recognition of the fact that it is the most widely adopted currency for prize money in golf,» R&A chief executive Martin Slumbers said.
It's global payment network was started in 2012, and has continued to grow as companies have adopted it, and currency speculators have taken interest in Ripple.
By adopting a global perspective, investors gain access to a larger pool of potentially great companies, more direct exposure to economic growth potential outside the U.S., the potential for exposure to less - covered (and therefore potentially more undervalued) companies, and the demonstrable diversification effects created by currency exposure (as well as the natural gives and takes of economic activity around the globe).
During a conference call, Schultz stated that he personally does not believe bitcoin would be the global currency that will be adopted by retailers, but a cryptocurrency could be used in the future by retailers.
But, as the market grows and matures with public investment vehicles and more regulated investment channels, bitcoin could evolve into a global digital currency that is widely adopted by retailers.
The research involved looking at the following factors: global wallet downloads to show interest by region, exchange volumes in different currencies, where the most mining has been done, which companies are adopting Bitcoin and other interactions between Bitcoin and the real world.
However, instead of taking a «burn it to the ground» approach that has been adopted by many cryptocurrency ideologists, Ripple aims to work with the current financial world, and its goal is to be a global settlement network, a platform to allow anyone to transfer money in any currency to any currency in a matter of seconds.
These may include how fast blockchain technology is adopted by larger, more established companies, how quickly merchants become willing to accept virtual currencies, and how global governments end up dealing with the new phenomenon.