Sentences with phrase «as traditional fiat currencies»

After first launching a mobile payment platform in 2013 that let users send and receive bitcoin as well as traditional fiat currencies, it discontinued bitcoin transfers in December 2016.

«We have long believed that cryptocurrencies should be held to same standards as traditional fiat currencies, especially when it comes to active trading», he told CNR.

It's not as simple as traditional fiat currency, with notes backed by a central bank and transferred through clearinghouses.

Bitcoin, and its sibling cryptocurrencies, have continued to capture the imagination, and indeed the headlines, with fortunes being made — and lost — on an ongoing basis as traditional fiat currency is challenged by these new digital assets.

Not exact matches

However, the increasing price of Bitcoin relative to traditional fiat currencies such as the Dollar and Euro may actually inhibit adoption by the general public.

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.

Bitcoin is what's known as a «cryptocurrency», a digital asset designed to replace and usurp traditional fiat currency.

And while thousands of companies — again, mostly small ones — accept bitcoin or other cryptocurrencies as payment, uptake has yet to threaten the options of cash, credit cards or traditional online payments in fiat currencies.

Since bitcoin lacks the traditional governmental backing found with fiat currencies, few governments have been willing to recognize it as an acceptable form of tender.

It may not replace fiat currencies, just as unlawful file - sharing has not killed off lawful distribution, but it may persist as a viable alternative and, by doing so, force change in the way its traditional predecessors function.

Much like several other exchanges that offer Neblio markets, Binance does not accept direct deposits using traditional fiat currencies, such as AUD, USD or GBP.

Uphold has helped many members weather market volatility, as they can instantly move funds into traditional fiat currencies in order to shelter against volatility or hedge against risk.

It can also be exchanged for traditional currencies and can act as alternatives to national fiat money and commodities like gold.

CoinJar is a multi-currency wallet that integrates bitcoin and traditional fiat currencies such as the US dollar, euro, British pound and Australian dollar.

«Digital fiat currency would certainly be influenced by [the] existing payment system and information technologies, but it should be distinguished from [the] current payment system so as to focus on service delivery and play its role in replacing traditional currency.

0x is built on the belief that, by 2020, thousands of assets will be tokenized and moved onto the Ethereum Blockchain including traditional securities such as equities, bonds and derivatives, fiat currencies and scarce digital goods such as video game items.

For many of those who purchased coins, cryptocurrencies represent not just a way to make money, but the future of payment systems as we know them, not to mention a way to counter what these diehards often view as an overly powerful collection of central governments with the ability to have an outsized effect on traditional fiat currencies.

What many fail to realize is that crypto, when integrated properly, can be utilized as a hedge against currency inflation / volatility, is safer and faster than the Visa, MasterCard, and Amex, and that these currencies can be traded by the owner to generate more profits (a relatively cumbersome process with traditional fiat currencies).

It is not possible to buy ICON tokens ICX with traditional fiat currencies such as USD, EUR or GBP.

Traditional fiat currency remittances to Indonesia from Singapore cost 5 % of the transferred amount on average, rising to as high as 10 % of funds, according to the World Bank.

The real «culprit» behind the latest price spike, as labeled by many sources, is the upcoming EU referendum that's seeing several individuals move their finances away from European equities and traditional fiat currencies that invoke control from government forces.

Tether Limited has designed currencies that act as anchors or «tethers» to fiat currencies like the US dollar or the euro, where every tethered cryptocurrency issued in circulation is backed by a 1:1 ratio with traditional currencies held in deposit by Tether Limited.

Unlike traditional currencies (FIAT) such as Dollars, Euros, Yen, or Yuan, Bitcoins are issued and managed without any central authority such as a government, company, or bank in charge of Bitcoin.

ETHLend is additionally adding a function to tie Ether loans to fiat currencies to avoid volatility and allowing familiar loan agreements for everyone while keeping all benefits that separate blockchain technology from traditional banking: fast transactions across borders, transparency for all parties, and safety - by - design through self - executing contracts, known as «smart contracts.»

He further noted that cryptocurrencies like bitcoin, despite the growing interest from the traditional financial industry in blockchain technology, have the potential to take over fiat currencies and operate as the global monetary system, given their open structure and decentralized systems.

In order to move traditional fiat currencies from one account to another, you have to pay a fee, as your transfer goes through many third parties and regulators which take their profit from every transaction.

Cryptocurrency, operating in the same manner as traditional, «fiat,» currencies can be used to pay for goods and services.

Jibrel Network, a decentralized protocol for storing and transacting traditional financial assets on the ethereum blockchain, announced on Wednesday it has launched jCash, which is described as Jibrel's first release of tokenized financial assets, providing fiat currencies in the form of ERC - 20 tokens.

That means tokenizing traditional fiat currency and doing so in the same blockchain as the products and services are tokenized.

The jump from fiat currency to cryptocurrency can be considered as an actual aspect and it could completely redefine the traditional financial base of the world.

As cryptocurrency becomes more accepted in society, the need for digital currency to operate alongside the traditional fiat is becoming undeniable.

One that seeks to instill confidence and trust among mainstream investors as well as simplify investments to the same level of traditional fiat currencies.

Will cryptocurrencies replace traditional fiat currencies as a viable means of payment?

In fact, as Ms. Hasnain told CoinFox, this particular sum was collected in fiat currency, through a traditional crowdsourcing site.

And, just as some Bitcoin adherents see a digital currency as a desirable alternative to traditional fiat currencies, some of those opposing a change are simply opposed to change period, at least to changing anything specifically designed by Satoshi.

Bitcoin's system of rules differs from traditional fiat currencies as it functions on distributed computations.

It may not be quite as straightforward as using traditional fiat currency.