Sentences with phrase «centralized banking system»

This decentralized method of transactions is radically different from the traditional centralized banking system.

Unlike centralized banking systems, some cryptocurrencies have decentralized control which enables users to perform trade without any third party, such as some company's server.

Zervos argues that a healthier, more centralized banking system will reduce tail risk, making the problems of profligate sovereigns less damaging to the European whole.

Like engineers can not attach the identical engines used to build high performance aircraft to automobiles because of the incompatibility between the two technologies, blockchain technology behind bitcoin and other public cryptocurrencies like Ethereum can not be integrated into centralized banking systems.

In a world of rigid, old - fashioned and centralized banking systems with very limited possibility for integration, crypto was the obvious choice, and we will definitely be utilizing the Blockchain for future features.

AML regulations were originally designed around traditional centralized banking systems, and have since needed to adapt to account for Bitcoin and other cryptocurrency transactions.

It provides financial freedom by offering a secure and safe alternative to a centralized banking system.

BitConnect aims to get rid of the centralized banking system and misleading promises of the third - party handlers.

«Blockchain hasn't reached the point where it can replace a centralized banking system.

Many have argued that the centralized banking system have always been playing to the tunes of Wall Street bankers.

Conforming to these regulations was not much of a concern for the early adopters as Bitcoin was intended to be a departure from the centralized bankings system.

Cryptocurrencies were supposed to disrupt the centralized banking system.

When you're dealing with a technology that is independent of a centralized banking system, it's on you to keep your passphrase safe.