Sentences with phrase «bitcoin as the intermediary»

By using bitcoin as the intermediary for international payments, employers can take advantage of the low costs associated with sending money over the blockchain.

BitPesa is an African remittance service that uses Bitcoin as an intermediary between currencies.

By putting Ethereum and Bitcoin as intermediaries, investors have assured that bullishness for «altcoins» translates into bullishness for Bitcoin and Ethereum.

It also means that the cryptocurrency exchanges could file for tax exemptions as well, «if they complete the purchase and sale of Bitcoin as an intermediary on their own behalf.»

Investors were able to buy Litecoin without using Bitcoin as an intermediary, which led to a bump in the LTC / USD and an opportunity for arbitrage.

Not exact matches

Yet we designed Xapo as a regulated Bitcoin intermediary.

A digital currency not backed by any national bank as of yet, bitcoin attempts to remove all intermediaries in transactions.

At the end of the post there is a company mentioned that provides services as intermediary and connects bitcoin ATM operators directly with bitcoin friendly banks also providing additional services on the way.

Where a few cryptocurrency terminals are wroth - trusting as preferred payment method, where intermediaries charge high transactions costs, and where Bitcoin still has not been able to grow its adoption rate, and where mining is even today considered risky by a novice in the cryptocurrency world, Phoneum makes it easy and hassle - free with its mobile - based blockchain - powered mining algorithm.

Low Transaction Fees: Transaction fees are kept low as a result of bitcoin bypassing intermediary institutions.

For example, a fraudster could pose as a Bitcoin exchange, Bitcoin intermediary or trader in an effort to lure you to send money, which is then stolen.

The significance of Bitcoin is that its software design solved what is known as the «double spend problem» of digital currency, without involving intermediaries such as banks.

On the surface, this debate makes it appear as if Bitcoin's future is approaching a crossroads: will it be an independent currency or an intermediary for currency exchanges?

The Software does not constitute an account where We or other third parties serve as financial intermediaries or custodians of Your bitcoin (s).

At the end of the post there is a company mentioned that provides services as intermediary and connects bitcoin ATM operators directly with bitcoin friendly banks also providing additional services on the way.

By 2013 and into 2014 it was handling over 70 % of all bitcoin transactions worldwide, as the largest bitcoin intermediary and the world's leading bitcoin exchange.

If you count the miner adding the block as an intermediary who collects fees and rewards for his work, then there are intermediaries in bitcoin, but the point is that they are not specific (one miner can substitute for another), and you are not beholden to a specific miner for your transactions to work or not.

In this tutorial, we will use Monero as an intermediary to «unlink» your past Bitcoin history from the future one.

The calculation cited above arriving at that BTC = $ 50,000 is implicitly assuming a money velocity of 1, which goes against the Silicon Valley vision of a Bitcoin - as - payments unit that people swap in and out of via intermediaries like Coinbase and BitPay.

Stephen Macaskill chose BitWage as an intermediary for the payments, which will allow employees to receive part of their salary in bitcoins.

They used third party intermediary processors such as Bitpay and Bitgo to give the illusion of accepting bitcoins (or other cryptocurrencies), while receiving dollars (or other fiat) into their third party intermediary bank account, facilitated by third party intermediary messaging networks such as SWIFT.

Instead of trading bitcoin through a central intermediary as a typical exchange would, Bitsquare users connect through a peer - to - peer protocol and exchange money directly.

A tax exemption can also be availed by exchange operators wishing to transact in Bitcoin in their own name as an intermediary.

Bitcoin operates on peer - to - peer technology and does not require any bank or a financial institution as an intermediary.

Second, the tax affects only those individuals and institutions that are actually directly engaged in buying and selling bitcoins, and if Chinese Bitcoin exchanges only act as intermediaries and do not buy and sell bitcoins themselves they will likely be in the clear — although, of course, they will be required to pay corporate tax on the profits.

Bitcoin was launched in 2009 as the world's first cryptocurrency with the aim to provide a decentralized digital payment system that anyone can use without the need for a bank or any other financial intermediary.

The system acts as an intermediary like other bitcoin services but settles with an added contactless pay bonus.

It's still in its infancy, mind you, but its blazing new trails toward decentralizing exchanging of coins and showing such mindblowing things as executing smart contracts on ethereum using bitcoin (with Ark, and Aces node operators as intermediaries)

By using Hong Kong as an intermediary, the bank is allowing account holders in South Korea to send money to China where it is then converted into Bitcoin.

This process is similar to a peer - to - peer (P2P) marketplace, where Purse.io acts as an intermediary, offering users the platform, bitcoin wallet and escrow for transactions.

Instead of relying on centralized institutions, like banks, to serve as intermediaries or middlemen for financial transactions, bitcoin created a way for people to send money directly from Person A to Person B.

Discussion of proposals was often then divided into those that can be implemented today; those that would need a server or network of users to play a role as intermediary; and those that would require adjustments to bitcoin's underlying consensus protocol.

Project High Line will make the settlement of bitcoin and other digital assets more transparent and easier to control as fewer intermediaries will be involved in the settlement process, a post on Coinsetter's blog claims.

Bitsquare, an open source project led by the Austrian - born Manfred Karrer, allows anyone to trade Bitcoin for fiat currency as well as altcoins, without requiring a company, central intermediary or permission from anyone.

Similarly, exchange operators that buy or sell bitcoin in their own name as an intermediary will receive a tax exemption, though an exchange operating as a technical marketplace will not receive any such exemption.

All transactions are done with Square acting as the intermediary and not directly between the Bitcoin buyer - seller.

Bitcoin also allows users to send and receive money across borders without the need for an intermediary such as a bank or a money transfer operator who takes a cut out of the transaction.

«As more good intermediary solutions such as recently launched Apple Pay continue to emerge on top of the current antiquated payment network, the easier and faster will be the switch to the bitcoin payment network.&raquAs more good intermediary solutions such as recently launched Apple Pay continue to emerge on top of the current antiquated payment network, the easier and faster will be the switch to the bitcoin payment network.&raquas recently launched Apple Pay continue to emerge on top of the current antiquated payment network, the easier and faster will be the switch to the bitcoin payment network.»

As a decentralized and distributed currency system which exists on a peer - to - peer protocol, Bitcoin eliminates the necessity of intermediaries and third - party service providers like the Indian central bank.

The decentralized structure and peer - to - peer protocol of Bitcoin are unique in that they allow the Bitcoin network to operate as its own economy, without intermediaries and third party service providers.

In addition, Bitcoin funds are controlled by the end user at any given time, whereas third - party services such as PayPal act as an intermediary.