Sentences with phrase «conventional bank accounts»

Most conventional bank accounts will only let you manage traditional currencies.

Unlike conventional bank accounts and other merchant accounts, setting up a bitcoin address takes few seconds, no questions asked and no fees has to be paid.

National governments suffering from severe budget shortfalls often have a distressing habit of suddenly confiscating private assets held in conventional bank accounts.

When Bitpay receives the payment, it can immediately convert the funds to dollars and deposit them in the merchant's conventional bank account.

Virtual currencies, he argued, are valued as highly as they are because of the «oxygen provided by the connection to standard means of payments and trading apps that link users to conventional bank accounts.»

Because Saifu gives you one account — for both traditional currencies and cryptocurrencies — you don't have to endure the hassle of running both a conventional bank account and a separate cryptocurrency exchange account.

The Orioncoin platform offers credit cards for international usage, as well as the ability for users to move funds to fiat currencies and then shift them to a conventional bank account, all within a single platform.

Carstens also criticized bitcoin for relying on the «oxygen provided by the connection to standard means of payments and trading apps that link users to conventional bank accounts.»