Sentences with phrase «as means of payment»

And that, on the one hand, will allow the ICO participants to receive the super profit, on the other hand, to use other cryptocurrencies as means of payment within the system until the development of final product takes place and that neutralize negative effect of altcoin growth in relation to basic cryptocurrency.

«Virtual currency is currently unable to function as a means of payment and it is being used for illegal purposes like money laundering, scams and fraudulent investor operations.

It «affirms that virtual currency including bitcoin is not recognized as a valid payment instrument, so it is prohibited to be used as a means of payment in Indonesia.»

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.

Basically, its tokens serve as a means of payment with a fairly low commission.

Amazon is one of he biggest enterprises that is rumoured that wants to accept Bitcoin as a means of payment.

The news is a welcome development in the growth of cryptocurrencies as means of payment rather than speculative assets.

The central bank confirmed that mining rigs for bitcoin and other cryptocurrencies are «not related to the use of virtual currency as a means of payment.»

The project's founder and lead developer, Jaap Terlouw, stated on their site that the fork aims to address issues of «commission and transaction speed within the Bitcoin network,» adding that currently, Bitcoin is «almost impossible to use as a means of payment.»

The INS token is designed to facilitate promotion, loyalty and reward campaigns, and can also be used as a means of payment in the ecosystem.

Therefore, the issuance, supply, use of bitcoin and other similar virtual currency as a means of payment is prohibited,» Vietnam Biz conveyed.

Winco will be used as a means of payment, which will enable the platform's customers to perform payments, and also pay the employees and suppliers of these enterprises.

The founding of this new ice business model joins a growing number of small - scale businesses that are trusting cryptocurrencies as a means of payment.

Cryptocurrencies are digital currencies that can be used as a means of payment.

Although it has been in operation for ~ 250 years, Sharps Pixley has shown that it is in sync with the times by deciding to accept Bitcoin as a means of payment.

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.

«[A] fever of speculative investment in cryptocurrencies is ongoing... however, cryptocurrencies are unable to play a role as a means of payment.»

That's the reason why people is speculating about eBay adding cryptocurrencies as a means of payment.

While in some countries they are legal as a means of payment, in others they have no legal status yet or even got banned.

Something that will help Bitcoin and Litecoin to work as means of payment will be a wider adoption of SegWit and the implementation of the Lightning Network.

They elaborate that BTC is an asset and as a rule, it can not be treated as an investment or accepted as a means of payment the treasury document indicates.

If it is used as a means of payment, it would be treated like a currency, converted to fiat at its fair market value as disclosed on a cryptocurrency exchange and taxed as ordinary income.

The number of merchants accepting Bitcoin as a means of payment has steadily increased over the past year.

By contrast, Japan has regulated Bitcoin as a means of payment.

Cryptocurrencies: as the name clearly states the purpose of these tokens is to be used as means of payment.

Instead, Germany will regard bitcoin as the equivalent to legal tender for tax purposes when used as a means of payment, according to a new document.

The PEY terminal is being offered for free to local merchants to encourage the use of bitcoin as a means of payment, while bypassing the high fees imposed on German traders by credit and debit card companies.

So these folks argue that Bitcoin currently is rather used as a speculative investment vehicle than as a means of payment — a development that puts its price on a shaky ground and therefore forces the entire Bitcoin network to be at the mercy of wavering speculators.

Japan supports some cryptocurrencies as a means of payment.

The survey shows many of those who are familiar with cryptocurrencies want to use them as means of payment — 44 percent.

«By accepting cryptocurrencies as means of payment and with the possible implementation of the blockchain technology in our finances, we want to position ourselves as an innovation driver in the tourism industry,» she added.

He further stated «[A] fever of speculative investment in cryptocurrencies is ongoing... however, cryptocurrencies are unable to play a role as a means of payment.»

Recently, Germany's Federal Ministry of Finance announced that bitcoin should not be taxed when exchanged and used as means of payment.

For instance, Japan's revised Payment Services Act, enforced in April 2017, defines cryptocurrencies or «virtual currencies» as a means of payment with proprietary value.

Earlier this year in April, Japan passed a long discussed law that recognizes Bitcoin and other cryptocurrencies as means of payment that «are not legal currency», as Japan's Payment Services Act reads.

Because Bitcoin and many other cryptocurrencies are not subject to a central control body, they have the potential to be accepted internationally as a means of payment.

These laws came into effect on April 1 2017, along with the Payment Services Act recognizing cryptocurrencies as a means of payment, granting them the same legal status as any other currency.

They are also private and anonymous enough to serve as a means of payment for black markets and any other outlawed economic activity.

LitePay will simplify acceptance of litecoins as a means of payment in shops, restaurants and other retail outlets that mostly work with fiat money.

Coingaming Group CTO Reio Piller believes that the full - scale adoption and propagation of Lightning Network could become a catalyst reinvigorating Bitcoin as the world's most recognized and most used cryptocurrency, while cementing its reputation as a means of payment.

The German Federal Ministry of Finances has decided not to tax cryptocurrencies when used as a means of payment.

Amazon is thinking seriously about accepting Bitcoin as a means of payment.

On the one hand, the cryptocurrency is not recognised as a means of payment by the official structures.

After the release of the updated decree on the government gazette, those who operate with cryptocurrencies at a commercial or professional level in Italy, including sellers who accept digital currencies as means of payment, must send a certified email to the Ministry of Economy and Finance.

The first is as a means of payment.

Not only that, but with bitcoin adoption strong in Japan and South Korea, with retailers and e-commerce providers accepting bitcoin as a means of payment, it is demonstrating the steady movement that the cryptocurrency is making into the real world.

The 2015 letter asked if in the exercise of its activity it would accept bitcoin as a means of payment.

Trading has increased significantly, so has the use of cryptocurrencies as a means of payment.

Recently, in their bid to further grow their business and procure more clients and make it easier for them to have a flourishing business, the company decided to start accepting Bitcoin as a means of payment.

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.