Sentences with phrase «as a currency because»

In February 2018, Bank of England governor Mark Carney said that cryptocurrencies have «failed» to behave as currencies because they are not an effective «store of value» and because «nobody uses [them] as a medium of exchange.»

The legacy chain reached $ 48 + fees at one point and many people were unable to use Bitcoin as a currency because the cost of using it sometimes exceeded what they wanted to spend it on.

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...

It is interesting to note that in many ancient civilizations, cacao was used as currency because of its high intrinsic value.

All of these civilizations bestowed the highest nutritional, spiritual, and cultural honor to the cacao beans believing them to have powers and even using them as currency because of the esteemed value!

A lot of people feel that Ripple (XRP) can not be trusted as a currency because Ripple itself is a private company with close connections to the banking system.

Not exact matches

Unregulated digital entities, created by just about anyone out of nothing, that assume some value denominated in fiat currency simple because they're being traded between anonymous people or bots whose only desire is to make prices go up, on unregulated opaque exchanges where everyone thinks price manipulation is good as long as it pushes up the price....

Thomas added that Ripple's own digital currency, known as XRP, is less vulnerable to forks or unpredictable changes because, unlike bitcoin, it relies on voting measures that favor users more than miners.

But the company will benefit from the fund's decision to use XRP, in part because it controls large reserves of the currency (which may get a price boost from Arrington's announcement) and because the move may burnish Ripple's reputation as a money transfer platform.

This is because this payments solution uses its own branded ecoCards that have a Visa or Mastercard logo and work as payment cards for transactions in 45 currencies.

Because its price increases, both its «miners,» whose computers do complex calculations to earn the currency, and those who buy bitcoins from others feel reluctant to use them as currency by spending them.

As the tweet notes, the prospect of Telegram becoming a dominant currency will be challenged in part because other companies could easily attempt to do the same with ICOs of their own.

Load up on as much gold or silver as you can afford, he urges, because if the currency fails, citizens may suddenly find it against the law to buy gold or move savings abroad.

But as I live in the real world, I buy gold, even though I am optimistic we'll get through this rough patch; because I simply don't trust the bas * % * ds who are driving this ship with 100 % of my money in dollars, or any fiat currency, for that matter.»

Beyond the requirements that liquidity and regulators impose on us, we will purchase currency - related securities only if they offer the possibility of unusual gain — either because a particular credit is mispriced, as can occur in periodic junk - bond debacles, or because rates rise to a level that offers the possibility of realizing substantial capital gains on high - grade bonds when rates fall.

In fact, currency markets now are helping the central bank in that regard, since a stronger currency essentially has the same effect on the economy as higher interest rates because it will reduce exports and corporate profits.

IT»S easy to get excited about what's happening in the fast - moving world of currency values but it's wrong to describe what's happening as a «war», because it's not; what's going on is simply economics at work, and it's telling a story of changes in the wealth of nations.

Because Bitcoin's virtual currency operates in the same fuzzy confines as Liberty Reserve's, the tech press was quick to draw comparison between the two businesses, wondering if Bitcoin would suffer a similar fate.

As noted by Camilla Sutton, a Scotia Capital currency strategist, the dollar is likely to resume a depreciatory trend because «its fiscal position is weak and, worse, there is only a limited plan in place to improve it.»

The Mt. Gox mess has been a setback for the currency's image because its boosters have promoted bitcoin's cryptography as protecting it from counterfeiting and theft.

Figuring out ways to regulate trading by sophisticated investors in derivatives, which go by exotic names such as «currency forwards» and «credit default swaps,» is a hot topic in international policy circles, largely because failures on this murky side of the market are blamed for the 2008 global credit meltdown and the recession that followed.

«Most people are buying Bitcoin, not because of a belief in its future as a global currency, but because they expect it to rise in value,» a note from economists at Capital Economics said on Wednesday.

As Coindesk reports, Jackson Palmer, Dogecoin's creator, suggests that the currency's increasing value represents a worrisome trend, partly because the currency — with which he is no longer involved — «hasn't released a software update in over 2 years.»

Earlier this month, Sharon McCollam, chief financial officer of U.S. parent Best Buy, told analysts that fourth - quarter sales in its international division dropped 12.4 per cent because of currency changes as well as a 4 per cent drop in same - store sales in Canada.

There is an overriding belief that the U.S. dollar can hold onto its status as the world's king reserve currency simply because of petro dollars.

Bitcoin is considered a transformational invention because it acts both as a digital currency and as an open source software called blockchain technology.

The U.S. dollar is worth, well, a dollar because... well, because the United States government says it is.5 And because currency traders have established it as such, relative to other currencies.

Last year, Mr. Trump said he had decided not to designate China as a currency manipulator, in part because China was cooperating in the pressure campaign.

Because crazy as it may seem, it was the real estate bubble that brought in the foreign exchange — in the form of mortgage loans denominated in foreign currencies — that financed their structural trade deficits.

Since bitcoin is the world's largest cryptocurrency and because it employs the suffix «coin,» I will define a coin as a digital asset that functions as a currency.

This is ultimately because the more XRP is traded against different currencies, such as the Korean won (Coinone) and the Mexican peso (Bitso), the more liquid it becomes.

Nevertheless, select currency ETFs such as $ EUO or commodity ETFs like $ DZZ (both pointed out as potential pullback entries in the May 21 issue of our newsletter) could be nice plays because they have a low correlation to the direction of the overall equities markets.

For some teams, ETH's short time in existence played a bigger role than others, while some saw the potential for Ethereum to become a major player not only as a currency, but also in part because of its unique ecosystem.

In fact, DECOIN stands out in the crypto ecosystem as an investment tool for crypto traders because it is the first company that has developed sophisticated wallets and credit cards that let clients spend their digital currency from anywhere.

Starbucks chose yen as its issuing currency, because the coffee company has a large business presence in Japan.

If we wait until the Bitcoin price crashes because Bitcoin is unusable as a currency, it will be too late.

«Private digital tokens masquerading as currencies must not subvert this trust,» the BIS chief declared, in part because they could threaten to impact the «real value» of money.

To address power and prestige, while it may be true that Britain's loss of reserve - currency status in the 20th century coincided roughly with its loss of political and military preeminence, I think it is incorrect to imply that Britain lost power and prestige after the Great War mainly or even partly because sterling lost its status as the dominant reserve currency (which in fact really occurred some time in the 1930s and 1940s).

Virtual currencies, he argued, are valued as highly as they are because of the «oxygen provided by the connection to standard means of payments and trading apps that link users to conventional bank accounts.»

If these inflows however are counterbalanced by rising private inflows from Chinese businesses and wealthy individuals taking money out of China, either because of weaker domestic growth prospects of because of rising nervousness and uncertainty, asset prices might not fall as much as we would have expected, but Australia will be caught in a vice a little like that of, for example, Spain, in which export weakness can not be partially counterbalanced by a weaker currency.

As long China pegs its currency, it's net capital account outflow is unlikely to change, because changes in reserves are simply a function of the net flows arising from the combination of the current account and the non-PBoC part of the capital account.

You can grow through acquisition more easily and efficiently because you can quickly raise capital or use public shares as currency.»

Hmm, the reason I compared the painting with bitcoin is because, currently bitcoin's use as a currency is limited.

The word «crypto» in the phrase «cryptocurrency» is used because every single transaction involving digital currencies is completely encrypted for security purposes; this process is known as cryptography.

Though I state in Part 1 that I believe bitcoin is a currency, as of the end of 2017 / start of 2018, it is much too volatile to even act as a currency, because price stability is necessary for any long - term currency.

If the token is backed by a tradable good, such as gold, real estate, storage space, etc., then it is known as a Security token (these are often more heavily regulated because they are more similar to fiat currencies).

As mentioned, the USD is present in all the major currency pairs because it has the status of world reserve currency.

As the U.S. dollar rises the general trend in commodity prices denominated in U.S. dollars is downwards because they cost more when purchased with other currencies.

For a time, this was associated with the weakness in some Asian currencies, both because markets see Australia's prospects as being closely tied to those of Asia and because some investors sold into the Australian market as a proxy for the less liquid Asian currency markets.

The irreversibility of Bitcoin transactions has often been lauded as one of the most important qualities of virtual currency because it makes it harder for banks and governments to intervene in transactions.