Sentences with phrase «currency as a mode of payment»

Much before the ruling party panel, Law professor Jung Sun - seop had advocated the necessity of legal revisions for giving due recognition to virtual currency as a mode of payment.

This bodes well for bitcoin adoption in South Africa as many local firms are increasingly accepting the digital currency as a mode of payment.

Even though the banking system in China doesn't recognize digital currencies as a mode of payment, the former governor said their development was «technologically inevitable.»

Not exact matches

The central bank's governor, who is expected to retire soon, said that the PBoC is taking a look at digital currencies as it searches for less costly, more convenient modes of payment.

As many Nigerians, specifically the participants of the popular Ponzi scheme, Mavrodi Mondial Moneybox known as MMM, are hoping to unfreeze their accounts, the scheme had dump the use of Naira as mode of payment by introducing Bitcoin as the best performing currencAs many Nigerians, specifically the participants of the popular Ponzi scheme, Mavrodi Mondial Moneybox known as MMM, are hoping to unfreeze their accounts, the scheme had dump the use of Naira as mode of payment by introducing Bitcoin as the best performing currencas MMM, are hoping to unfreeze their accounts, the scheme had dump the use of Naira as mode of payment by introducing Bitcoin as the best performing currencas mode of payment by introducing Bitcoin as the best performing currencas the best performing currency.

Thus as «hard currency» is disappearing from the streets quickly, the locals in Zimbabwe are searching for other alternative modes of payments like Bitcoins and others.

Because of this, the naysayers are questioning Bitcoin's ability to replace fiat currency as a widely used mode of payment.

While bitcoin is usually exchanged for fiat currencies and later used within the country, Germany has accepted the use of bitcoin as a direct mode of payment.

He is promoting this digital currency as a better mode of payment than Bitcoin since it is faster, cheaper, and less volatile to transact in.