Not exact matches
For example, it uses an online
electronic money institution to convert investors» money
into a digital
currency that can be spent on the portal.
With some engineering, it might (someday) turn Bitcoin
into a completely untraceable, anonymous
electronic currency.
In the long run,
currency fluctuations might well cancel each other out, but the company's emphasis on tapping
into emerging markets where
electronic payment transactions are only in their infancy could pay big dividends in future years.
Which inevitably invokes a much deeper fear, of the same intangibility inherent in our fiat
currencies, our fiscal obeisance to governments who seem dead - set on printing & spending their way
into oblivion, the fragility of our financial assets & markets (which now exist only as
electronic blips on hackable centralised repositories), and our economic future & security itself.
It is a useful
electronic tool that allows converting
currency in a quick and simple way
into another
currency, using the up - to - date exchange rates of different countries around the world.
copper motors that can be turned
into copper pipe, coins in some
currencies, jewellery, wire, and as winding wire for motors in new
electronic products such as fridges, vacuums, tools, toys and motors.
The long - awaited bill, which goes
into effect on April 1, still does not recognize bitcoin as a
currency, but it has accepted that bitcoin and other cryptocurrencies have «asset - like values» that can be used «as payment to indefinite parties for the cost of purchase or rent of items or receipt of services and which can be transferred by means of
electronic data processing systems,» explained Bitflyer exchange.
Anywhere you might want to use almost anonymous
electronic cash, but bear in mind the value of the cash fluctuates, and to turn the
electronic cash
into local
currency you may need to identify yourself.
The
Electronic Transactions Association, which represents companies like Visa and MasterCard, has already welcomed one bitcoin company
into its fold, and companies might be more inclined to support the virtual
currency in the future.
There is currently no regulation of these
electronic currencies, which puts them
into the highest risk category in relation to money laundering.