Sentences with phrase «currencies as a method of payment»

Do you think Bitcoin will one day compete with fiat currencies as a method of payment for everyday purchases?

Not exact matches

Others say they might be helpful methods of payment, such as in crisis situations where national currencies have collapsed.

The National Bank of Hungary issued a warning to its citizens about the potential dangers of virtual currencies on 19th February, calling the payment method «much riskier» than other electronic payment options such as credit cards.

Others say they can be helpful methods of payment, such as in crisis situations where national currencies have collapsed.

Critics say a lack of certainty around coin valuations undermine the growth of digital currencies as viable methods of payment.

I thought it was noticeable that only 22 % of the Citigate survey panel thought there would be a dramatic increase in the use of digital currencies as payment or money transfer methods over the next five years.

I think Bitcoin will be able to become a great method of internet payment though I do not consider Bitcoin as a currency that can be daily used in Asian market.

As a Japanese Cabinet - signed law recognizing virtual currencies like bitcoin as a legal method of payment goes into effect on April 1,.As a Japanese Cabinet - signed law recognizing virtual currencies like bitcoin as a legal method of payment goes into effect on April 1,.as a legal method of payment goes into effect on April 1,...

In February, Bitcoin.com reported that the first Japanese bill containing digital currencies, recognizing Bitcoin as a method of payment, was expected to...

In February, Bitcoin.com reported that the first Japanese bill containing digital currencies, recognizing Bitcoin as a method of payment, was expected to enter into force sometime in April.

This currency can not only be used as a way to upgrade your weapons to make them more powerful, but now can be used as a method of payment on items and new weapons.

For example, to avoid money laundering, businesses must have the name and physical address of BOTH parties in the transaction: [blockquote person =» New York Department of Financial Services» attribution =» New York Department of Financial Services»] As part of its anti-money laundering compliance program, each firm shall maintain the following information for all transactions involving the payment, receipt, exchange or conversion, purchase, sale, transfer, or transmission of Virtual Currency: (1) the identity and physical addresses of the parties involved; (2) the amount or value of the transaction, including in what denomination purchased, sold, or transferred, and the method of payment; (3) the date the transaction was initiated and completed, and (4) a description of the transaction.

After regulating digital currency exchanges in the country last year, the Japanese Diet has signed a landmark bill that will allow the use of digital currencies like bitcoin as a legal method of payment.

In Japan, about 4,500 stores already accept bitcoin as payment, after the Japanese Diet allowed the use of bitcoin and other digital currencies as a legal method of payment.

Contrary to what we learned by observing the chatter between criminals during the past several weeks, Bitcoin remains the gold standard in the dark web, with all vendors accepting it as a payment, and Litecoin emerged as the second most popular currency, with 30 percent of all vendors who implemented alternative payment methods willing to accept it.

As there are not many arguments why Bitcoin is a better store of value or unit of account than fiat currencies like euros or dollars, it is obvious that as a method of payment Bitcoin is superior to fiat currencies, due to lower costs, nearly perfect divisibility and social inclusion to name but a feAs there are not many arguments why Bitcoin is a better store of value or unit of account than fiat currencies like euros or dollars, it is obvious that as a method of payment Bitcoin is superior to fiat currencies, due to lower costs, nearly perfect divisibility and social inclusion to name but a feas a method of payment Bitcoin is superior to fiat currencies, due to lower costs, nearly perfect divisibility and social inclusion to name but a few.

While Nigerian banks are prohibited from handling virtual currencies, the central bank is working on a white paper which will draft its official stance on use of cryptocurrencies as a payment method.

Stripe said it will stop accepting Bitcoin as a payment method because of the currency's volatility, slow transaction times and ever - increasing processing fees.

The German authorities justified this decision by stating that all virtual currencies such as Bitcoin will be considered a legal method of payment as long as all parties involved in the transaction accept that that cryptocurrency will be used as a means of payment.

It seems to make a lot of sense for companies like Burger King to accept Bitcoin payments, as this is a global payment method that removes any friction associated with credit cards or foreign currency exchange.

As other payment methods, options can be traced the emergence of digital currencies like Bitcoin has further emboldened the creators of ransomware.

Both speed and cost have been a major inhibitor to mass adoption of the digital currency as a payment method.

Critics say a lack of certainty around coin valuations undermine the growth of digital currencies as viable methods of payment.

Bitcoin is looking less and less like a viable currency every day, as companies continue to drop the popular cryptocurrency as a method of payment.

More people now view bitcoin as a «digital gold» than a «digital currency» and 86 % of the community believes ethereum can be used just as well as a medium exchange or payment method

If consumer demand increases for any new form of currency, we will consider support for those new payment methods as they become relevant to our customers over time.

Regulators in Japan have reportedly proposed treating digital currencies like bitcoin as methods of payment, a distinction that would make them legally equivalent to conventional currencies in the country.

BitSpark makes this possible by using bitcoin and other cryptocurrencies as the method of payment without the need for expensive banks, especially when dealing in more exotic currency such as NGN.

«If consumer demand increases for any new form of currency, we will consider support for those new payment methods as they become relevant to our customers over time,» told Amanda Christine Miller, a spokeswoman for San José, California - based Pay Pal Holdings INC., in a statement.

Creating an account like above — Then Clicking on the «sell» option on the left side of the main page and filling in the required information such as amount, currency, location, and preferred payment method.

«Bitcoin remains the gold standard in the dark web, with all vendors accepting it as a payment, and Litecoin emerged as the second most popular currency, with 30 percent of all vendors who implemented alternative payment methods willing to accept it.

As bitcoin became a legal method of payment, demand for the digital currency from retail as well as institutional investors has risen steadilAs bitcoin became a legal method of payment, demand for the digital currency from retail as well as institutional investors has risen steadilas well as institutional investors has risen steadilas institutional investors has risen steadily.

In 2007, QQ Coins, an in - game virtual currency produced by Internet giant Tencent, was on a fast - track to turn into a parallel currency, with everyone from CD shoppers to private chat QQ - girls using it as a method of payment.

«Bitcoin remains the gold standard in the dark web, with all vendors accepting it as a payment, and Litecoin emerged as the second most popular currency, with 30 percent of all vendors who implemented alternative payment methods willing to accept it,» researchers Andrei Barysevich and Alexandr Solad wrote.

One of the major announcement in the Bitcoin world came from an unlikely ally, as Neteller, a leading online payment processor, enabled the virtual currency as a payment method last year.

While the lucky candidates will land themselves a share of the valuable virtual currency, the University is also working on plans to accept Bitcoin as a payment method for tuition fees.

A payment processor for cryptocurrency means that it is a company that will help retailers accept payment cards or other payment methods of cryptocurrency (such as from a mobile wallet that scans a QR code) and then immediately or quickly deposited in their account an equivalent amount of the local fiat currency.

Despite Bitcoin gaining massive media attention, and some of the world's biggest companies now accepting Bitcoin as a payment method, the banks are still wary of this digital currency.

«I am a firm supporter of bitcoin and the efficiency it offers compared to other currencies — as a payment method and an investment.

It is believed that this currency will go up consequently with the upcoming changes in form of new features like TOR android wallet that should launch decentralized blockchain payments as a form of mainstream payment methods.

«This bill makes clarifying changes to current law to ensure that various forms of alternative currency such as digital currency, points, coupons, or other objects of monetary value do not violate the law when those methods are used for the purchase of goods and services or the transmission of payments.»

The FBI appears to be keeping a close watch on virtual currencies through its Virtual Currency Emerging Threats Working Group (VCET) as well as a New Payment Methods Ad Hoc Working Group (a subgroup of the Terrorist Finance Working Group).

We're happy to say that South Africa has a thriving bitcoin market, with thousands of merchants accepting the virtual currency as payment method... Through our partnership with Payfast, shoppers in South Africa can pay with bitcoin at the thousands of merchants that have the payment method enabled.

«We know that a range of virtual currencies including bitcoin are used as payment methods to facilitate illicit trade on the darknet.