Sentences with phrase «by traditional fiat currencies»

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.

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

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.

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.

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.

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.

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.

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.

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.»

One of Bitcoin's greatest value propositions is its known «set in stone» monetary policy and, unlike traditional government issued fiat currencies, no person or organisation can debase the value of bitcoin by printing more money.

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.