Sentences with phrase «as a unit of account»

It explains that cryptocurrencies can be traded digitally and used as unit of account.

But calories do work well as units of account, which means that it's too early to write them off.

There have been plenty of cryptocurrencies over the years, and they have all exhibited potential for storing value, operating as a unit of account and proving a reliable medium of exchange.

Like traditional currencies, cryptocurrencies are designed to function as a unit of account, store of value, and medium of exchange.

The Obama administration softened its insistence upon Chinese domestic reform, instead showing greater support of the inclusion of the Chinese currency in the Special Drawing Rights basket used by the IMF as a unit of account, «provided the currency meets the IMF's existing criteria in its SDR review.»

It needs to be this so that it can be the best interface as a unit of account versus the currencies of the real world, the U.S. dollar or the Euro for example.

It also represents a significant step toward widespread adoption of Bitcoin as a unit of account suitable for global trade, with no geographic, political or monetary restrictions.

It is a utility token based on the Ethereum blockchain that serves as the unit of account in the new BAT blockchain - based digital advertising and services platform.

Havven will offer a digital method of payment that fulfils the same three functions that traditional forms of money and asset - ownership do: act as a unit of account, a medium of exchange, and as a store of value, states the company.

The central banking chief said that Bitcoin and its peers are poor stores of value, inefficient media of exchange, and virtually non-existent as units of account.

The huge volatility of the price of cryptocurrencies — with respect to either traditional currencies or to a basket of goods and services — has made use of cryptocurrencies as a unit of account impractical.

«A stablecoin is an asset that has price stability characteristics that make it suitable for short - term and medium - term use as a unit of account and store of value.

The Goldman Sachs authors also conclude that these factors «clearly illustrate that Bitcoin as a unit of account and medium of exchange is nowhere near as favourable as it first appears.»

As a unit of account, bitcoin is as good as anything.

As a unit of account, we now have virtual currencies using blockchain technology beginning to compete with government currency.

One, as a store of value; two, as a medium of exchange; three, as a unit of account.