Sentences with phrase «by traditional currency»

Not exact matches

And even if Larsen could easily convert the vast majority of his XRP coins into a traditional currency, like U.S. dollars, the influx of so many tokens into the market provoked by such a sell - off would no doubt greatly depress the value.

Whereas traditional investment methods require a firm to list in one country and utilize (at least initially) one exchange, creating and selling its own cryptocurrency allows a firm access to finance from anyone, anywhere, outside the normal constraints imposed by state - issued currencies.

But whether Bitcoin can actually replace gold (let alone traditional government - backed currency) has been a matter of fervent debate — quite literally, as evidenced by an event last week entitled «Gold Versus Bitcoin,» held at a New York comedy club, in which well - known gold proponent (Jim Rickards debated James Altucher, a self - help author now peddling Bitcoin investment advice under the moniker «crypto - genius.»

Investing in a digital currency is extremely high - risk — more so than traditional startup investing — but is motivated largely by the explosive growth in the value of bitcoins, each of which is now worth around $ 4,000 at the time of publication.

Unlike traditional currencies, bitcoins are not managed by a central authority and exist only in cyberspace.

The Court ruling was made clear following a complaint by a Swedish entrepreneur wanting to provide a service on a Bitcoin exchange which involved other traditional currencies.

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.

Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.

By using money online, the idea of moving traditional currencies between different end users gained momentum.

The Platforms» website makes both traditional and digital currency trading more accessible by providing «zero commission trading» to its customers.

The Platforms» website makes both traditional and digital currency trading more accessible by providing ``

The central bank in Brazil attempted to stop the real from depreciating by performing a traditional currency swap auction.

According the marketers of LH, the transition to crypto currency model by the traditional stock brokers will help boost up its client base by three-fold at the minimum.

Bitcoin is understood to fall under the definition of virtual currency in the Act because it is electronically exchanged for traditional currency by exchange service operators and can be used by anyone accepting Bitcoin as payment.

«Unlike traditional currency, these alternatives typically are not backed by tangible assets, are not issued by a governmental authority and are subject to little or no regulation,» Gee said in a statement.

APRs at Currency are also similar to those provided by traditional lenders, with APRs as low as 4.99 % on long - term loans and 3 % on lines of credit.

It may be early days in Canada for fintechs, a catchphrase for new innovative financial technology startups, and major technology companies that are challenging traditional financial institutions on their turf by offering cheaper and easier - to - use Internet - or smartphone - based services such as payment apps or peer - to - peer lending or digital currencies, but Canada's Big Six banks are paying heed even though they appear to be on solid ground.

When asked what they'd do if handed $ 1,000, virtual currencies were trumped only by traditional banks.

In electronic fiat currencies, this function is fulfilled by banks, which gives them control over the traditional system.

Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies.

The virtual digital currencies backed by the Blockchain Technology have turned out to be one of the best sources of investment and have been posing a huge challenge to the traditional banking systems and institutions.

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.

The birth of bitcoin dates back to the aftermath of 2008 financial crisis wherein the adoption of digital currencies was necessitated by the failure of traditional banking systems in order to protect the interests of investors and depositors.

They are working with banking institutions to blend traditional fiat currencies with the emerging crypto world to benefit both businesses and customers by offering smart contracts and blockchain transparency, without having to worry about the volatility of traditional cryptocurrencies like Bitcoin and Ethereum.

He also dismissed the idea, espoused by some die - hard bitcoin advocates, that the digital currency could be a rival to traditional government - controlled money.

While central banks create traditional currencies, bitcoin is «mined» by bitcoin miners.

While traditional currencies are issued by banks, cryptocurrencies operate under a decentralized model in which advanced encryption techniques regulate the generation of units of currency, and verify the transfer of bitcoins between accounts.

Instead of looking to traditional angel or venture investors, companies are crowdfunding support for their cryptocurrency projects by offering digital currency.

Bitcoin is a cryptocurrency or a decentralized digital currency, that's supported by an open - source code, running on a peer - to - peer network, with no governing authority like what traditional currencies have.

We are the first company to combine the speed and flexibility of blockchain finance with the acceptance of traditional currency — We offer secure bitcoin wallets, supported by online and mobile applications.

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

Unlike a traditional, fiat currency, bitcoin is not controlled by anyone, nor is it issued or backed by a central bank.

«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.

For a digital fiat currency (DFC) to show vitality and supplement or even replace traditional currency, it has to be user friendly and well received by the public.

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.

«Cryptocurrencies were always envisioned to revolutionize global financial markets and the way consumers and businesses transact,» said Victor Wong, founder and CEO of Sparkle Coin, Inc. «Sparkle Coin bridges the gap between cryptocurrencies and traditional business by developing an economic ecosphere comprised of an asset - backed cryptocurrency, transacted through a powerful currency exchange, with an outward facing cryptocurrency payment gateway allowing virtually all merchants to accept cryptocurrency though an online shopping mall or directly on their own websites.»

Registration is free, fees are fair, and you can spend bitcoin by converting into traditional currencies (including USD) and withdrawing cash at your local ATM or using your debit card at any store that accepts VISA.

This new currency (Laxmi Coin) which is termed by many as the alternative to the traditional Indian rupee will require amendments in the ongoing Currency Act to proceed in its action path which in turn will increase the time lag of converting this cryptocurrency dream into a hard rocking reality.Whenver the decision is taken, the Laxmi Coin cryptocurrency will fall in the domain of Reserve Bank of Indicurrency (Laxmi Coin) which is termed by many as the alternative to the traditional Indian rupee will require amendments in the ongoing Currency Act to proceed in its action path which in turn will increase the time lag of converting this cryptocurrency dream into a hard rocking reality.Whenver the decision is taken, the Laxmi Coin cryptocurrency will fall in the domain of Reserve Bank of IndiCurrency Act to proceed in its action path which in turn will increase the time lag of converting this cryptocurrency dream into a hard rocking reality.Whenver the decision is taken, the Laxmi Coin cryptocurrency will fall in the domain of Reserve Bank of India (RBI).

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).

Echoing statements recently made by a Citi executive, Jaffrey explained that paying for assets tokenized on a blockchain with traditional fiat currency ran the risk of reintroducing the same security vulnerabilities of the centralized model.

Whereas the stock market and its historic annual gains of 7 % (including dividend reinvestment) is the traditional source of wealth creation, the aggregate value of all virtual currencies combined catapulted higher by more than 4,500 % between Dec. 31, 2016, and Jan. 5, 2018, to $ 835 billion.

While not backed by a government or valuable by themselves, bitcoins are still used as a store of value, a placeholder for the goods and services that they can be exchanged for, as with traditional currencies.

Such a move, if true, may further tighten the regulation in China regarding cryptocurrency activities, as by aiming at major exchanges, it may put restrictions on how bitcoin and ether can be traded for traditional currency in the country.

With bitcoin viewed as digital gold and other digital currencies remaining outside the realm of mainstream finance, it is no wonder that millennials prefer asset classes which distance them from the traditional financial products pushed by Wall Street.

It is a digital currency that was designed to act as an alternative to traditional money which is created and managed by a central authority.

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.

However, to access these more established cryptocurrencies using the more traditional fiat currencies, interfaces provided by payment gateways must be applied.

Although bitcoin isn't affected too much by the political landscape (though this can also be disputed) or inflation and similar problems affecting traditional currency, it can be affected by rumor, other cryptocurrencies, bans, or even tweets.

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.