Sentences with phrase «customer fiat funds»
Not exact matches
A wire transfer of fiat funds can be slow and expensive for the customer, and credit card fees are too high to absorb at the low premiums we offer.
https://blog.bitpay.com/
In contrast, an exchanger that holds customer funds while arranging a satisfactory buy / sell order with a third party, and transmits virtual currency and fiat currency between buyer and seller, will typically be considered a virtual currency transmitter.
Usually this is done via using own capital (fiat and BTC) in order to fund hot wallet (from where bitcoins are sent to customers) or additionally holding some liquidity on bitcoin exchange (fiat currency liquidity), which is converted to BTC when transaction happens to lock exchange rate and laterto replenish hot wallet for future transactions.
Customers can fund their account with their fiat currency and buy the cryptocurrency of their choice in one easy step.
Customers who received the fiat currency would own illegally obtained funds, causing all kinds of legal trouble.
An example of this is segregation of client funds, where all customer fiat balances will be separated from Coinbase's funds and kept in separate bank accounts.»
Beyond the customer rewards for using the ORC coin, the Orioncoin platform has provided a method for moving funds smoothly between cryptocurrency and fiat currencies, infusing liquidity and accessibility into what is traditionally not a liquid economy.
Goldman Sachs - funded Circle consists of: Circle Pay for fiat transfers, Circle Trade, a liquidity provider of cryptocurrencies, and the soon - to - be-launched Circle Invest, an app that will allow retail customers to invest in crypto markets.
The new license will see customers» fiat funds separated from Coinbase's own funds, placed in different bank accounts.
In December meanwhile, more stringent identification of virtual currency holders who convert funds to fiat will come into being, with the onus on businesses to ensure they can identify customers behind the conversions.
The repercussions of frozen bank accounts include loss of fiat liquidity, inability to provide customers with compliant liquidity for their crypto funds, and ultimately a shut down of operations, provided that a workaround can not be established.