Sentences with phrase «effective currency»

There are rules to effective currency interventions.

In November, Square said American clients would be able to purchase and offer bitcoin on the stage, yet from that point forward, the virtual cash's esteem has dropped forcefully, and Dorsey acknowledged that the virtual token «does not have the capabilities right now to become an effective currency.»

Though the world's most popular cryptocurrency «does not have the capabilities right now to become an effective currency,» Mr. Dorsey explained the «world ultimately will have a single currency, the internet will have a single currency.

Despite his thought that bitcoin does not have the capabilities right now to become an effective currency, he stated that as time goes on, there will be improvements which will make the currency globally accepted.

In spite of conceding that bitcoin «does not have the capabilities right now to become an effective currency,» Dorsey thinks that it will grow into a better one over time as improvements to the core technology roll out.

He does admit that Bitcoin «does not have the capabilities right now to become an effective currency,» due to scaling issues.

Dorsey, whose recently invested in a company called Lightning Network that aims to solve problems with bitcoin's slow processing times and wildly variable processing fees, conceded that Bitcoin «does not have the capabilities right now to become an effective currency.»

Dorsey does accept that bitcoin «does not have the capabilities right now to become an effective currency».

Missing the Point JPMorgan, a New York - based institution with a history that is far from pro-crypto, claimed in a wide - ranging note to clients that cryptocurrencies only make sense as a hedge in one's investment portfolio — and are neither viable stores of value nor effective currencies.

, Blankfein derided the flagship cryptocurrency as a «vehicle to perpetrate fraud,» stating that an asset as volatile as bitcoin does not strike him as an effective currency or store of value.

In an interview with Bloomberg Television, Blankfein derided the flagship cryptocurrency as a «vehicle to perpetrate fraud,» stating that an asset as volatile as bitcoin does not strike him as an effective currency or store of value.

Dorsey is currently in London to promote Square, and reportedly told The Times that Bitcoin does not have the capabilities right now to become an effective currency.

JPMorgan, a New York - based institution with a history that is far from pro-crypto, claimed in a wide - ranging note to clients that cryptocurrencies only make sense as a hedge in one's investment portfolio — and are neither viable stores of value nor effective currencies.