Sentences with phrase «adoption as a currency»

However, strictly from a payments perspective, certain issues have cropped up since the original Bitcoin vision was outlined, and they've ultimately prevented crypto from receiving mainstream adoption as a currency for day - to - day transactions.

- > Mass adoption as a currency and Global recognition has been observed, specifically from Asian zones.

Not exact matches

The adoption by banks of XRP is critical to the growth of Ripple — which has described it as a «strategic weapon «-- and to the value of the currency, which currently has a market cap of about $ 42 billion, and has swung wildly since it shot up to nearly $ 4 in early January (it is now worth around $ 1.07).

He sees bitcoin and Ethereum as representing superior technology, and that this will drive their adoption, and in turn them into mainstream commodities and currencies.

Williams said it would make more sense to him if cryptocurrencies were treated as currencies, and the designation as property is «almost a deterrent in [the] pursuit of mainstream adoption.»

In 2013, bitcoin's valuation didn't just skyrocket, but its infrastructure, services, and adoption exploded as well, culminating in recent announcements that major online retailer Overstock.com and NBA team the Sacramento Kings would accept the digital currency as payment.

Stephen Poloz discusses the rise of digital currencies, saying that adoption is «not as simple as it sounds.»

However, the increasing price of Bitcoin relative to traditional fiat currencies such as the Dollar and Euro may actually inhibit adoption by the general public.

As suggested by Forbes, the first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchangAs suggested by Forbes, the first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchangas a conventional currency — meaning as both a store of value and medium of exchangas both a store of value and medium of exchange.

Adoption of virtual currencies by merchants will rise as they realize good savings, and consumers will pick virtual currencies once they see their myriad benefits.

After a year of hard work, we are very excited about the growth this will bring to both the Einsteinium Foundation and VoxTel billing integration as well as the adoption of crypto currency as a whole», said Jonathan Lauzière, Board member and Treasurer of EMC2.

Russia is late to the bitcoin party, still debating its legality even as one of the people who helped popularize the digital currency globally says the software that it relies on is too rigid to gain wide adoption.

How can we educate more people as to the benefits of digital currency and achieve greater adoption?

As the Fourth Industrial Revolution accelerates the adoption of AI and IoT technologies, data has become the most valuable currency in the world.

One of the main issues that has been holding back mass adoption of Bitcoin as a payment system and currency is the notion that it is not secure.

Widespread adoption of virtual currency is hindered by anti-money laundering and illicit trade concerns, as well as volatility, ease of use obstacles, and a lack of basic trust.

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.

In either case, the long - term value of bitcoin will mainly be derived from from its adoption as a mainstream currency by the people who value decentralization enough to put up with all of the downsides.

The advocates of Cardano see it as one of the best potential currencies to gain mainstream adoption due to it's regulator friendly nature.

If the Council has confirmed which Member States fulfil the necessary conditions for the adoption of a single currency, in accordance with Article 121 (4), those Member States which do not fulfil the conditions shall have a derogation as defined in paragraph 3 of this Article.

Reddit's / r / btc community took the API breadcrumb as a signal that both narrowed Bitcoin Cash's looming Coinbase timeline and provided evidence that Coinbase intended to add trade options for the currency — a significant sign of adoption that would surely influence the altcoin's price across exchanges.

As the Bitcoin continues to reach new heights in terms of value and investors continue to pour money into the anonymous digital currency, the Bitcoin still faces the obstacle of mainstream adoption.

The news comes at a time when bitcoin's use case as a digital currency is being overshadowed by an emphasis on blockchain technology and declining merchant adoption metrics.

One of the main issues that has slowed the adoption of Bitcoin as a currency and payment system has been the complexity of Bitcoin addresses.The blockchain lacks the human - friendly names normally found with websites and email addresses,...

«Asia is a fast growing market for digital currencies, as shown from the rapid adoption of digital payments in China, Japan, India, Indonesia and other parts of the world.

While bitcoin merchant adoption is still next to none in India, the new currency reform and the subsequent push toward digital payments will give bitcoin a boost as a means of making online payments.

People are now starting to use Bitcoin as a currency and there for mass adoption of Bitcoin as a digital currency is rising.

The media outlet indicated that Benke cited the lack of local bitcoin adoption, the high cost of exchanging bitcoin for Ghanaian cedi and the volatility of bitcoin against fiat currencies as the reasons underlying the decision.

If the present growth momentum of Bitcoin maintains its stride in days to come in terms of infrastructure, user base, trading volume, transaction volume and adoption by big financial bodies, then nothing can stop Bitcoin from posing as a big threat to the government backed fiat - currencies issued by central banks.

However, as far as adoption is concerned, it is perhaps the chief benefit of cryptocurrency that it massively reduces the height of the «hump» that every new currency innovator will need to overcome in the future.

Bitcoin and ether prices both climbed during the first half of this year, as a number of factors - including rising adoption, yuan devaluation, the «Brexit» and anticipation surrounding the halving of bitcoin's mining reward - helped the two digital currencies rise in value.

A pioneer in internet security will discuss lessons for digital currencies in the adoption of a protocol as a technical standard.

While some may argue that taxation on bitcoin will hinder its adoption, the reality is that it shows that authorities are taking bitcoin serious and are starting to treat it like any other asset or currency as opposed to a fringe phenomenon.

Contacted by the Daily News regarding the threat brought about by the adoption of digital currencies to the regions resolve to have a single currency, Mr. Bernard Dadi, the Director of National Payment System at the Bank of Tanzania (BoT), confirmed that plans to have a single currency for the EAC block were still ongoing even though cryptocurrencies such as bitcoin pose a challenge.

Bitcoin adoption in Egypt has received yet another setback following a Fatwa (Islamic ruling) from the Dar Al Iftaa that classifies the digital currency as forbidden by...

According to experts, as mainstream adoption of bitcoin grows, along with its price, the currency will only continue to gain momentum.

Other cryptocurrencies such as Litecoin and Bitcoin Cash have also seen rapid adoption across the country, not only for investments but also as a transactional currency for purchases at stores and online.

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).»

Both speed and cost have been a major inhibitor to mass adoption of the digital currency as a payment method.

Coinify drives mainstream adoption of digital currencies such as Bitcoin for merchants and consumers.

This bodes well for bitcoin adoption in South Africa as many local firms are increasingly accepting the digital currency as a mode of payment.

Recently, the Bovada betting site announced that it had begun allowing customers to deposit funds via the BCH currency, the latest move in the accelerating adoption of BCH as the preferred Bitcoin variant due to its lower transaction fees and speedier processing times.

In response, Tanzania's Central Bank Director of NationalPayment System, Mr Bernard Dadi said the process leading to adoption of a single currency was still underway, albeit new challenges such as the growth of Bitcoin, one of the famous virtual currencies.

In Japan, mainstream adoption of Bitcoin is imminent, with leading airlines, electronics retailers and some of the country's most well - known and influential companies accepting Bitcoin as digital currency rather than as digital gold and investment.

Based on the adoption of Bitcoin as a safe haven asset and a digital currency, Keiser's $ 5,000 to $ 10,000 predictions are realistic.

The statements suggest Ethereum may become a way for some firms to seek to grow their market size at a time when adoption of bitcoin as a digital currency appears to be stalling.

Bitcoin adoption has been steadily growing over the last 24 months, and many are beginning to turn to the digital currency as both a form of payment a...

The U.K. government's economic and finance ministry also expects the money laundering risks associated with digital currencies to grow in correlation with the increase in the technology's adoption as a payment method.

As Bitcoin grows beyond its roots from just being the world's first cryptocurrency into mainstream form of currency, several problems arise with regard to its scalability as user adoption increaseAs Bitcoin grows beyond its roots from just being the world's first cryptocurrency into mainstream form of currency, several problems arise with regard to its scalability as user adoption increaseas user adoption increases.

One issue holding bitcoin back from wider adoption is the lack of businesses that accept the digital currency as payment.