Sentences with phrase «cryptos as a medium of exchange»

Not sure what to conclude — different people will come to different answers, but in my mind the use of cryptos as a medium of exchange is for a limited set of economic activity.

Not exact matches

Its token, which the company says will initially be pegged to the value of one U.S. dollar, strives to become a legitimate medium of exchange, a true crypto - currency as opposed to a crypto - commodity, like Bitcoin.

But in an interesting twist, a developer who was hired by Reddit to work on the idea of a «crypto - currency» — a form of Bitcoin that users could receive in exchange for contributing content, or as a way of distributing some of the shares that were issued in the site's fundraising round — said in a post on Medium that he was working on a plan to de-centralize Reddit in just this way before he was let go.

As investor Salil Deshpande of Bain Capital Ventures describes it in a new Medium post about the outfit, this last scenario alone is a huge opportunity, given that «regulatory, tax and legal issues make it onerous and costly for cryptotraders to trade with fiat, and many crypto exchanges do not even offer the ability to use fiat.

It makes economic sense now for crypto users to once again be using Bitcoin as a medium of exchange.

The first function of a currency is to serve as a stable medium of exchange, and experience today with various crypto assets in circulation are not at all satisfactory in this regard.

Mind you, crypto users have been abandoning Bitcoin as a medium of exchange in favor of rivals Bitcoin Cash and Litecoin, which are much cheaper and faster to use for day - to - day transactions.