«The strong interest in bitcoin does boost investors» appetite for
alternative cryptocurrencies where superior gains are also being seen,» Pavel Matveev, co-founder of Wirex, a personal finance app that provides a cryptocurrency wallet and debit card, told CNBC by email.
Not exact matches
But «in those countries and corners of the financial system
where the traditional services of money are inadequately supplied, Bitcoin (and
cryptocurrencies more generally) may offer viable
alternatives.»
Jurisdictions
where regulators have accepted
cryptocurrency either as a financial asset or as an
alternative currency and have enacted specific legislation that permits the public to utilize
cryptocurrency.
Exchange A marketplace
where traders can buy and sell
cryptocurrencies using either fiat or
alternative cryptocurrencies.
Bitcoin and other
cryptocurrencies such as Litecoin and Ethereum are an attractive
alternative for people in countries
where the central banking system is unreliable and others looking to move away from a traditional banking system.
The fund while structured to invest broadly will focus first on ICOs
where tokens are integral to powering the protocol and secondly as a vehicle to invest in other viable,
alternative cryptocurrencies which are emerging, in addition to bitcoin.
Dash also stated that it believes Mercury Cash, with more than 50 percent of its users in South America, will increase the currency's usage on the continenet,
where some countries have experienced political instability and inflation, making
cryptocurrencies an increasingly viable
alternative to fiat money.
The public is enamored with
cryptocurrencies but
where attention should be paid is towards what I believe is the only true
alternative currency, the precious metals market.
Exchange A marketplace
where traders can buy and sell
cryptocurrencies using either fiat or
alternative cryptocurrencies.
Under such circumstances, a large percentage of the investors are looking for an
alternative where the scenario is not this bleak and that's
where the
cryptocurrencies come.
In countries like Zimbabwe and South Sudan,
where local fiat currencies have lost value, digital
cryptocurrencies have emerged as reasonable
alternatives.
One the other hand, the SegWit2x fork leveraged support from some of the
cryptocurrency industry's wealthiest players, including the venture capital firm Digital Currency Group and the
cryptocurrency company ShapeShift, which offers everything from hardware wallets to a platform
where users swap bitcoin for
alternative coins like monero and ether.
But «in those countries and corners of the financial system
where the traditional services of money are inadequately supplied, Bitcoin (and
cryptocurrencies more generally) may offer viable
alternatives.»