But there are a lot of possible applications that can use Bitcoin
as the medium of exchange while prices are set in a conventional currency such as the dollar.
Not exact matches
While Bitcoin and other cryptocurrencies have tremendous potential value
as a
medium of exchange, it is the underlying distributed ledger technology, blockchain, which has emerged to truly capture the interest
of entrepreneurs, venture capital firms, financial institutions and other corporations.
While Bitcoin and other cryptocurrencies continue to hold tremendous potential value
as a
medium of exchange, it is the underlying distributed ledger technology, blockchain, which has emerged to truly capture the interest
of entrepreneurs, venture capitalists, financial institutions and other corporations.
BitCrystals were designed to purchase new card decks and game items
while working
as the
medium of exchange within the game - play.
While virtual currencies do not have legal tender status in any jurisdiction, they operate like «real» currency in that they are accepted
as a
medium of exchange.
While the cryptocurrency world has progressed swiftly since the emergence
of Bitcoin in 2008, there is still some way to go before digital currencies are fully implemented
as a present day
mediums of exchange.
Other pieces, by David Levinthal, Cindy Sherman, and Lorna Simpson push the conventions
of photography to new limits and expand our understanding
of what the
medium can be,
while photographs by international artists, such
as Shirin Neshat and Liu Wei exhibit the
exchange of ideas that is possible in today's universally connected world.
Now,
while a blockchain application that utilises a digital currency
as a
medium of payment, (which is then converted later into dollars, or pounds sterling), is not a formal currency
exchange, it is involved indirectly in converting digital currencies.
BitCrystals were designed to purchase new card decks and game items
while working
as the
medium of exchange within the game - play.
The AMZN Token will serve
as a
medium of exchange on any Amazon platform,
while also unlocking additional utility (benefits) that fiat currency can not.
While decentralised digital currencies have served
as an excellent speculative asset, the same can not be said for their use
as a
medium of exchange, store
of value or unit
of account.
It is a peer - to - peer decentralized funding and trading protocol (actually, the first
of its kind) and
while it is not an
exchange medium in itself, it acts
as a protocol that can be integrated into an
exchange to make trading faster and more seamless.
While bitcoin qualifies
as a
medium of exchange, it is hard to consider it
as a store
of value due to its volatility.
While the cryptocurrency world has progressed swiftly since the emergence
of Bitcoin in 2008, there is still some way to go before digital currencies are fully implemented
as a present day
mediums of exchange.
The BitIndia wallet aspire to become an essential part
of daily routine activities such
as buying groceries, paying bills or dining at a restaurant;
while using cryptocurrencies
as a
medium of exchange.
The release recognizes that cryptocurrencies,
while touted
as replacements for traditional currencies, lack many important characteristics
of traditional currencies, including sovereign backing and responsibility, and now are being promoted more
as investment opportunities than efficient
mediums for
exchange.»