Sentences with phrase «as fiat money»

Reflecting on the progress of two main blockchain ecosystems in 2016, Gershuni points out that bitcoin has made another step towards mass adoption as a fiat money substitute.

As the fiat money is transferred to the seller's account, a signal from the payment system opens the smart contract.

Many analysts, traders, investors, developers, and entrepreneurs remain certain that as bitcoin continues to evolve as the leading decentralized financial network, its market cap would surpass the $ 1 trillion mark and challenge existing financial systems such as fiat money, reserve currencies, and assets such as gold.

A cryptocurrency exchange facilitates the trading of cryptocurrencies, in exchange for other assets such as fiat money or another digital currency, and delivers the coins to the customer's crypto - wallet.

In the European Union, a new plan is expected to regulate cryptocurrencies under the same anti-money laundering laws as fiat money.

Virtual currency exchanges allow their customers to trade virtual currencies — usually for other virtual currencies, but also for other assets such as fiat money.

Not exact matches

Poloniex, which for now trades only digital tokens (about 70 types), needed a way to translate its cryptocurrency exchange fees into fiat money like U.S. dollars — «to buy cookies and milk and pay rent,» as Allaire likes to say.

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.»

Our society is ingrained with the current monetary system of fiat money, where governments issue it, they can put out as much of it as they want.

The finance ministry had published an earlier draft of the latter bill on its website in January 2018, and noted that the central bank took exception to a provision that would allow decentralized cryptocurrencies to be traded on exchanges for other digital assets as well as for fiat money.

They are wholly separate and as distinct as the crypto and fiat money they support.

As the actions of Chase bank and other financial institutions have clearly demonstrated over the years, those who control the size and growth rate of fiat money can not be trusted to do the right thing.

«Our BOSS Revolution international money transfer business routinely utilizes digital assets to generate liquidity in fiat currencies for our disbursement agents as part of our transaction settlement process,» said Alfredo O'Hagan, senior vice president of IDT's consumer payments business.

As a regulated E-Money Institution Xapo is now licensed to issue electronic money in multiple fiat currencies.

Bitcoin was conceived as an instrument to overcome central - bank monopoly over fiat money and its inflationary fate.

The U.S. Treasury recently declared that any entity engaged in the exchange of virtual currency for fiat currency must register as a currency exchange and take steps to prevent money laundering.

In simple terms, market capitalization is the amount of fiat money such as USD or GBP currently invested into a particular cryptocurrency.

The Altcoin exchanges have reduction despotic KYC (know your customer) rules, as here you customarily don't trade with fiat money.

Analysts believe that investors are gradually beginning to pay more attention to these assets since they are unrelated to a country's economy — unlike fiat currencies and other traditional forms of money exchange, which are extremely vulnerable to internal and external economic shocks — leading to the popularity of cryptos such as bitcoin and a few others.

If one takes a few minutes to really think about the medium that we accept as money today, fiat currencies made out of cotton fiber backed by nothing except militaries, murder, death, and threats of murder and death, then one should easily conclude that fiat currencies literally have no intrinsic worth.

«We will only process fiat currency - based transactions,» he said, referring to currencies that are issued by governments as legal money, such as the U.S. dollar.

When we launched Abra as a platform for enabling money transfer and payments using bitcoin, users immediately started giving us feedback that Abra was now their go - to method to convert between fiat and bitcoin.

The commission is usually 6 % and may vary as per the country to which money is transferred and the fiat currency used for the transaction.

The most convenient are the ones that allow users to transfer fiat money directly to their debit cards, such as Coinbase and GDAX, Kraken and CEX - IO.

On the other hand, Stellar allows individuals to trade money directly with one another using XLM as the medium of exchange, and «anchors» to handle the aspects of fiat currency.

They serve as intermediaries between the buyers and sellers of cryptocurrencies and fiat money.

After surging as much as 20 % last week, many pundits now believe a medium - term low is in place, blaming the recent selloff on tax related selling — digital currency owners who made money in 2017 are having to convert crypto into fiat money to pay their taxes.

People use it for standard blockchain - related procedures, such as lifting a smart contract, but it also has the capability, technologically speaking, of being used as currency, in the way of fiat money.

As much as I would love to see it I am a heart to heart money person, I believe that responsible policy is what holds and what's needed in a fiat currency worlAs much as I would love to see it I am a heart to heart money person, I believe that responsible policy is what holds and what's needed in a fiat currency worlas I would love to see it I am a heart to heart money person, I believe that responsible policy is what holds and what's needed in a fiat currency world.

What I can tell you from my conversations with clients is that more and more people are starting to see bitcoin as money and the potential to replace the current fiat central banking system that has gotten out of hand.

Russell Lamberti: Yeah my website, ETM macro advisors website is www.etmmacro.com and I am starting a new newsletter called the macro outsider, and you can sign up for it for free on www.etmmacro.com and you'll get a free essay called «The real currency war» which is subtitled «monopoly money vs real money» and essentially there I just go into a lot of what we've spoken about today in terms of chronic malinvestment, the weakness of fiat currency reserve systems, and then ultimately where I think the real currency war is, which is in centralized vs. decentralized money, and I talk a little bit about cryptocurrencies there as well, so that's www.etmmacro.com you can sign up for that free newsletter.

I believe we're headed for mainstream adoption as consumers continue to lose confidence in «fiat» government money.

Unlike centralized banking, like the Federal Reserve System, where governments control the value of a currency like USD through the process of printing fiat money, government has no control over cryptocurrencies as they are fully decentralized.

People who conduct illicit business on the Dark Web, such as selling stolen information or malware, are making some serious money, but they are facing obstacles in converting that digital wealth into actual fiat currency.

It must be said that existing cryptocurrencies do not all fulfill the characteristics of fiat money as a medium of exchange.

As well as exhibiting some aspects of fiat currencies, they retain some of the elements of commodity currencies and representative moneAs well as exhibiting some aspects of fiat currencies, they retain some of the elements of commodity currencies and representative moneas exhibiting some aspects of fiat currencies, they retain some of the elements of commodity currencies and representative money.

As they come in different sizes (or denominations), they can also act as a substitute for paper money in case of the fiat system collapsAs they come in different sizes (or denominations), they can also act as a substitute for paper money in case of the fiat system collapsas a substitute for paper money in case of the fiat system collapse.

In other words, if bitcoin has a future, it probably lies in giving gold a run for its money as a hedge against the fiat money.

Once they all start liquidating, the other firms are going to be similarly incentivized to sell their holdings in order to get as much fiat money as possible.

After all, the primary different between fiat money (currency as we know it) and any commidity is that fiat money has no intrinsic value

This policy shift was announced in February and as we commented, is a slippery slope to allocating research money by government fiat rather than negotiation on the basis of scientific excellence.

The Post presents journalists as our saviors whose authority is guaranteed solely by their social position: Kay Graham's money and Ben Bradlee's editorial fiat.

Better to go back to a gold standard, I say, but if you're going to have fiat money, at least do it intelligently, so that debt does not get out of control, as it did in the 20s, and 1985 - 2007.

Similar to America's Federal Reserve Bank, the European Central Bank uses a mechanism based on the ability to produce as much fiat money as necessary.

As with so many things in a complex capitalist economy with fiat money, there may not be a right answer.

Much as I favor deregulation, you can't do it if you have fiat money (unbacked paper money).

So long as you are in a fiat money system, in a bailout, the job of the government is to prevent contagion and minimize loss, in that order.

Today, we use the system of «fiat money» which says that currency is intrinsically worth only the paper it is printed on is is used only as a medium of exchange for the supply and demand of goods and services in an economy, including precious metals like gold and silver, with the value of money allowed to fluctuate based on market forces.

In a fiat money / credit world, evil as it is, monetary policy is credit policy.

Accordingly, only when we recognise that monetary central planning is the ultimate source of our financial and economic distemper, and when it either collapses or is consigned to the dustbin of history, and when 100 % - reserve banking and sound money replace fractional reserve and central banking and fiat currency, will the ruinous cycle of boom and bust become as thing of the past.