Sentences with phrase «custody of funds»

(b) The duties of the Finance Officer shall be: (i) Take custody of all funds accruing to the Division and make disbursements on accounts payable, subject to the approval of the Executive Committee.

«We need decentralized custody of funds, yes, but probably balance that with centralized security and ability to restore funds.

They promise to derisk the act of exchanging cryptocurrency by leaving custody of funds in the hands of the users.

«It's an important building block for a future where you can exchange crypto assets without having to go through an entity that holds custody of the funds,» Lightning Labs CEO Elizabeth Stark told IBT.

Users will be able to keep custody of their funds and atomically swap for other coins instead of keeping coins on the exchange.

Lightning is a tool that can enable the best of both worlds — a great customer experience (both fast and cheap), but also trustless custody of funds.

The Lightning Network is a decentralized system for instant, high - volume micropayments that removes the risk of delegating custody of funds to trusted third parties.

I'll restate that we never take custody of the funds, but rather wait for them to clear your tenant's account before we initiate a deposit.

It's my understanding that custody of funds would still be maintained by the user, but since only a fraction of the overall transactions would need to be settled on the blockchain, the cost of individual user transactions could be significantly reduced.

Well, like all things blockchain, these features will find their efficiency through any agency that stands to gain from the regulatory benefits of not having custody of funds.