Sentences with phrase «as a means of exchange»

A crypto currency is an alternative currency that is designed to serve as a means of exchange between people and businesses that are willing to accept them.

The bitcoin token is used to reward miners and also as a means of exchange of value on the network.

Networking is something most people do to some extent, particularly as a means of exchanging information.

But while high fees have made bitcoin and other cryptocurrencies less viable as a means of exchange, improvements are being made to crypto models to overcome this.

They can also serve as means of exchange and storage of value.

The full decree also clarifies that, while cryptocurrencies are «used as a means of exchange for the purchase of goods and services, [they are] not issued by a central bank or by a public authority, [and are] not necessarily connected to a currency having legal tender.»

If cryptocurrency gains acceptance as a means of exchange, it's sure to raise the ire of governments hungry for revenue from sales taxes.

Advantages to both parties created by the Ven as the means of exchange for the transaction include greater international pricing stability and an implied carbon offset resulting from the basket of carbon futures, commodities and leading currency components which determine ongoing Ven values.

IPS tokens will also be used as a means of exchange in copyright smart - licenses; the increase in high - quality content on the ecosystem will lead to an increase in demand for the tokens.

««Virtual currencies» means a digital representation of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.

Back in 2014, he wrote a Financial Times op - ed in which he criticized the virtual currency for being «unsuitable as a means of exchange» and said it was only attractive for two reasons: anonymity — as desired by money launderers and tax evaders — and speculation.

Maybe good for a souvenir, but basically worthless as a means of exchange outside the casino.

Cryptocurrencies are decentralized digital currencies designed to work as a means of exchange.

The announcement comes within weeks after Minister of State for Finance Arjun Ram Meghwal stated the use of virtual currencies is not authorized as a means of exchange by the RBI, and after Deputy Governor Shri R. Ghandi suggested that confidence will only be placed in a virtual currency issued by an authority.

it must be acceptable to all its users as a means of exchange.

Based on Ludwin's arguments for bitcoin as a separate asset class that serves a decentralized payments application, its value will be derived from the adoption of Bitcoin as a means of exchange.

The EU Chemicals Board of Appeal Forum was established as a means of exchanging information on ECHA BOA decision - making.

Precious metals may have been the first and last good to become universally adopted as a means of exchange, but this was a slow process that took centuries if not millennia, whereas the usage of cryptocurrencies has exploded in just a few short years.

Cryptocurrencies are therefore not considered as official South African tender nor is it widely accepted as a means of exchange or payment.

The Bitcoin price has little to do with the demand for the currency as a means of exchange, and instead the demand is coming from those who are speculating on the price of this cryptocurrency.

The white paper and video both point to «hypercube routing» as a means of exchanging data.

Some, such as the original cryptocurrency Bitcoin, are created simply to exist as a means of exchanging value - similar to a fiat currency such as dollars or yen - but to be outside the control of a central bank.

The advent of bitFlyer's bitcoin Visa prepaid card may signal a turning point in the East Asian bitcoin community: until now, cryptocurrency in East Asia has served less as a means of exchange and more as a trading asset, as previously reported by Bank Innovation.

With concurrent work by core developers pushing scalability and fee - reducing upgrades into the tech stacks, cryptos may finally be poised to begin gaining acceptance as a means of exchange and a unit of account - in other words, ready for use in daily transactions.

Given its use as a means of exchange in many online and in - person payment gateways, it seems to be an easy jump to call it money just like the U.S. dollar or Japanese yen.

It is also very convenient for partners to use altcoin as means of payment for traffic, as means of exchanging for other cryptocurrencies and also as perfect store value instrument.

More comprehensive definitions have been attempted by the EBA in 2014 (European Banking Association) and the Banca d'Italia, which both define Bitcoin as «a digital representation of value that is neither issued by a central bank or public authority nor necessarily attached to a fiat currency, but is used by natural or legal persons as a means of exchange and can be transferred, stored or traded electronically».

In my last post in this series, I observed that an economy's «base» money serves as the «raw material» that commercial banks and other private - market financial intermediaries employ in «producing» deposits of various kinds that can themselves serve as means of exchange.

The value of the currency seems to rely mostly in the ability to use it as a means of exchange; something that Bitcoin is getting better at by the day.

If cryptocurrency gains acceptance as a means of exchange, it's sure to raise the ire of governments hungry for revenue from sales taxes.

A currency fulfills three well - defined purposes: to serve as a means of exchange, store of value, and unit of account.

If we take the example of bitcoin, the value revolves around the people's acceptance of it as a means of exchange.

Some governments are reacting in a panic because they are starting to realize that they can't stop Bitcoin from becoming an alternative to their monopoly on currency, both as a means of exchange and a store of value.