Cryptocurrenices are categorized
as an alternative currency known as a digital currency for the very fact that they can work without having to undertake currency exchange rates.
European Union Commissioner Pierre Moscovici says he does not consider bitcoin
as an alternative currency as he explains the EU's view of the cryptocurrency.
In spite of warnings regarding the risks involved in cryptocurrencies, certain government officials such as Federal Reserve Chairman Ben Bernanke have stated that Bitcoin shows a lot of
promise as an alternative currency.
While BitCoin is still in its relative
infancy as an alternative currency, growing interest from both investors and companies around the world can be seen as proof of the currency's potential growth.
Commodities are more of a pure trading asset class than stocks and bonds, given they are not cash - producing or yield - generating assets, but can rather be thought of
as alternative currencies subject to their own supply - and - demand forces
The Russian court decision will be closely watched by investors as Telegram is also undertaking the world's biggest initial coin offering - a private sale of tokens which could be
traded as an alternative currency, similar to Bitcoin or Ethereum.
Unlike bitcoin, which can be
used as an alternative currency to buy a wide variety of goods and services, STRAT is designed specifically for use within the Stratis ecosystem.
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.
Yet, on the downside, apart from the lack of underlying value, since its inception in 2009, the price volatility is one of the biggest weaknesses of cryptocurrencies to believe
it as an alternative currency.
This comes up
as an alternative currency.»
The use of cryptocurrencies is supported by growth in the number of enthusiasts who see
it as an alternative currency that can be used to pay for goods and services similar to traditional currencies.
This has boded well for bitcoin adoption in Kenya as more people come to recognise
it as an alternative currency and as a potentially lucrative investment.
There is actual interest in the community to adopt
it as an alternative currency.