Sentences with phrase «bearer instrument»

Bitcoin is a bearer instrument, meaning that there are no liabilities or debts associated with it.

(A) in redemption of a coupon on a bearer instrument or in redemption of a United States savings bond, or

Since Bitcoin is a digital bearer instrument, the receiver of a payment does not get any information from the sender that can be used to steal money from the sender in the future, either by that merchant or by a criminal who steals that information from the merchant.

Bearer instrument protocols enable online payment while honoring the characteristics desired of bearer notes, especially unforgeability (via the clearing mechanism) and transfer confidentiality (via blinding).