Sentences with phrase «conventional currencies such»
Working much like a fiat currency, it can be exchanged for conventional currencies such as dollars, yen, etc..
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Bitpay customers price their products in conventional currencies such as the dollar.
Second, MasterCard and PayPal payments are based on conventional currencies such as the US dollar.
But there are a lot of possible applications that can use Bitcoin as the medium of exchange while prices are set in a conventional currency such as the dollar.
Not exact matches
A Bitcoin Exchange or Digital Currency Exchange is a business that allows customers to trade digital currencies for other assets such as conventional fiat money or other digital currencies.
He says that while decentralized cryptocurrencies such as bitcoin lack value because they are not anchored to either intrinsic value or a state - backed currency, a government - backed digital currency would provide even more pricing stability than conventional fiat currency: