Sentences with phrase «cryptocurrencies as a medium of exchange»

The BitIndia wallet aspire to become an essential part of daily routine activities such as buying groceries, paying bills or dining at a restaurant; while using cryptocurrencies as a medium of exchange.

Only hobbyists are using cryptocurrencies as a medium of exchange, at least for conventional transactions for goods and services.

Not exact matches

Until one or more cryptocurrencies are accepted as legal and practical tender, cryptocurrency is no medium of exchange; it's a classic object of speculation.

«I believe it is important to separate the idea of cryptocurrencies, whose main purpose is only to serve as a medium of exchange or a store of value, from the proliferation of «tokens» generally,» he declared.

In February 2018, Bank of England governor Mark Carney said that cryptocurrencies have «failed» to behave as currencies because they are not an effective «store of value» and because «nobody uses [them] as a medium of exchange.»

While Bitcoin and other cryptocurrencies have tremendous potential value as a medium of exchange, it is the underlying distributed ledger technology, blockchain, which has emerged to truly capture the interest of entrepreneurs, venture capital firms, financial institutions and other corporations.

And, in the grand scheme of things, it is mostly true today that cryptocurrencies don't have meaningful «industrial [or] consumer use except as a medium of exchange.»

While Bitcoin and other cryptocurrencies continue to hold tremendous potential value as a medium of exchange, it is the underlying distributed ledger technology, blockchain, which has emerged to truly capture the interest of entrepreneurs, venture capitalists, financial institutions and other corporations.

If cryptocurrency is to eventually realize its potential as a peer - to - peer medium of exchange, perhaps we would all be better off trusting the transparency of a blockchain over the «invisible hand» of central banks.

There have been plenty of cryptocurrencies over the years, and they have all exhibited potential for storing value, operating as a unit of account and proving a reliable medium of exchange.

While the cryptocurrency world has progressed swiftly since the emergence of Bitcoin in 2008, there is still some way to go before digital currencies are fully implemented as a present day mediums of exchange.

Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.

They are just a few examples of how blockchain technology, combined with mobile as a transaction and exchange medium, are already breaking down price barriers to mining and profiting off of cryptocurrency, and consumers and developers in every country alike are paying attention.

Just last week, during testimony before the US Congress, SEC Chairman Jay Clayton said cryptocurrencies such as Bitcoin, which function exclusively as mediums of exchange, are not securities, unlike ICO tokens, which are.

Cryptocurrencies are neither official South African tender nor widely used and accepted in South Africa as a medium of payment or exchange.

As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of valuAs used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of valuas, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of valuas a medium of exchange and / or store of value.

cryptography world and cryptocurrenciesA cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography.

Cryptocurrencies therefore must be amenable to being used as a medium of exchange.

It must be said that existing cryptocurrencies do not all fulfill the characteristics of fiat money as a medium of exchange.

Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status.

The primary use case of bitcoin today is as a store of value like a savings or an investment but in the not so distant future, we will see bitcoin and other cryptocurrencies like bitcoin emerge as the dominant medium of exchange in a growing number of communities around the world.

«As a general rule, cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.&raquAs a general rule, cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.&raquas a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.»

I'm really not convinced of the near - term value proposition of cryptocurrency as a medium - of - exchange for physical goods, Bitcoin as the rival to PayPall and all that Silicon Valley VC jazz (is it the weather over there?).

If cryptocurrencies fail to provide easy liquidity, then they fail as mediums of exchange, one of the principal roles of money.

None of these cryptocurrencies are suited to playing the most basic role of currency, as a relatively stable medium of exchange.

As a medium for selling of cryptocurrencies, as a place for buyers and sellers of cryptocurrency or just a platform for exchangAs a medium for selling of cryptocurrencies, as a place for buyers and sellers of cryptocurrency or just a platform for exchangas a place for buyers and sellers of cryptocurrency or just a platform for exchange.

«In the case of pure cryptocurrencies like bitcoin, store - of - value use («hodling») and medium - of - exchange use («buying coffees») are naturally in conflict, as the store - of - value prizes security much more than the medium - of - exchange use case, which more strongly values usability.

Part of the report by ISA reads, «As a general rule,» the ISA outlined, «cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.&raquAs a general rule,» the ISA outlined, «cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.&raquas a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.»

Notably, the report labeled 2017 as «the year of cryptocurrencies,» continuing to state, «[if] digital currencies become less volatile in the future, valuing items in those denominations could become easier and individuals might begin using them more frequently as a medium of exchange.»

For the uninitiated, cryptocurrencies such as bitcoin are a medium of exchange created and stored digitally using a decentralized technology called blockchain.

In it, Ravikant describes how cryptocurrency could serve not only as an alternative store of value and medium of exchange, but also as a way startups could raise money without jumping through the usual hoops.

VIT has an advantage over cryptocurrencies such as bitcoin because it serves as both as a medium of exchange and as a tool for capturing viewer engagement data in a single token, according to a white paper on the token's website.

A cryptocurrency is a medium of exchange that exhibits the same payment powers as traditional payments but utilizes cryptography for security.

Knowing that the outliers are primarily used as stores of value or mediums of exchange, it only makes sense to list widely if planning to compete with cryptocurrencies used as money.

However, the truth is that most of the coins do not function as a currency or medium of exchange, in fact, coins are cryptocurrencies that are treated like commodities because they are not used as currencies.

The most promising addition to the digital payment sector is the cryptocurrency which is considered as a medium of exchange like other normal currencies.

Any cryptocurrency that does not have KYC identification of users will not work as a medium of exchange in the world of commerce.

A cryptocurrency can be defined as a virtual currency that is generally used as a medium of exchange.

Perhaps 2018 will be the year that adoption for Nano really takes off, and XRB will make its claim as the best medium of exchange cryptocurrency.

But, critics are not confident that bitcoin will fall in value, because of the growing liquidity of the cryptocurrency, exponentially increasing adoption of bitcoin, and the global market's acknowledgment of bitcoin as a premier store of value, medium of exchange, and digital currency.

While the cryptocurrency world has progressed swiftly since the emergence of Bitcoin in 2008, there is still some way to go before digital currencies are fully implemented as a present day mediums of exchange.

The cryptocurrency work as medium of digital exchange using cryptography to secure the transactions.

The report further added that «by offering more platforms for transactions, Upbit says it aims to make cryptocurrency trading as easy as mobile trading of securities, which has become a popular medium of stock exchange in Korea recently.»

BITCF chose USDT as a medium of exchange for speculators to acquire ALT since it is the most actively traded Omni asset with tens of millions of coins in daily volume, trading in 11 currencies on Poloniex cryptocurrency exchange, as well as many other exchanges such as CoinQX and OMNIDEX exchanges.

And, in the grand scheme of things, it is mostly true today that cryptocurrencies don't have meaningful «industrial [or] consumer use except as a medium of exchange.»

The release recognizes that cryptocurrencies, while touted as replacements for traditional currencies, lack many important characteristics of traditional currencies, including sovereign backing and responsibility, and now are being promoted more as investment opportunities than efficient mediums for exchange.»