The internal currency of the ecosystem is an ERC - 20 compliant Streamity token (STM), which will be
used as a means of payment for all the services offered by the project.
The system will have ERC20 compatible tokens created over the Ethereum protocol, and these can be used
as a means of payment on UTRUST's payment gateway along with other cryptocurrencies.
Token holders will be able to use INV within the Investa
platform as a means of payment for all of the services on Investa apps and subscribe to Investa's crypto basket, which will take allocations of tokens from other ICO pre-sales, under supervision of verified INV managers.
Digital currencies are defined in the document as «convertible virtual currencies, including crypto - currencies or similar concepts where the concept is accepted by
persons as a means of payment for goods or services, a unit of account, a store of value or a commodity.»
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.
The cryptocurrency is not
recognised as a means of payment by the official structures: banks do not accept it and Chinese financial system does not protect bitcoin owners in the case of stock exchange crisis.
Other executives, including International Monetary Fund chief Christine Lagarde, say virtual currencies should not be dismissed and could have useful applications,
such as a means of payment in countries with unstable currencies.
At the time Johnson also revealed that Fidelity had been accepting bitcoin payments in its cafeteria, but said the experiment had highlighted the technology's
flaws as a means of payments.
For the intrepid traveler, using bitcoin
as a means of payment while traveling abroad is a great way to connect with local bitcoin communities and also potentially save on transaction fees.
If a customer deposits 10 ounces of gold and then uses his warehouse receipt for ten
ounces as a means of payment, nothing untoward has happened of course.
Thus, the creator declares and promises their backers that their product will (or already does) accept
KickCoins as a means of payment, at a rate of conversion listed on cryptocurrency exchanges.
The amount of schools ditching
cash as a means of payment for school items has grown in a bid to cut down on administration time and costs.
ARK is a Lisk - forked cryptocurrency intended for broad consumer adoption, offering features like a
smartcard as a means of payment, InterPlanetary File System (IPFS) integration, and cross blockchain transactional capacities.
The government uses its authority to force people to accept fiat
money as a means of payment, and the government itself accepts it as a form of tax remittance.