Sentences with phrase «existing financial system»

In order for cryptocurrencies such as Ethereum or Bitcoin to work in place of existing financial system, they need to have a lot of work done.

The US chief financial watchdog, the Financial Stability Oversight Board (FSOC), claims that Bitcoin and other cryptocurrencies do not pose a threat to existing financial systems around the world.

The Lightning Network has significant similarities with how existing financial systems solve this problem.»

Many analysts, traders, investors, developers, and entrepreneurs remain certain that as bitcoin continues to evolve as the leading decentralized financial network, its market cap would surpass the $ 1 trillion mark and challenge existing financial systems such as fiat money, reserve currencies, and assets such as gold.

BitGo is a great option for integrating digital currencies into existing financial systems of businesses, securely.

The use of Bitcoins will obviously be subjected to similar regulations that are already in place inside existing financial systems and Bitcoins are not likely to prevent criminal investigations from being conducted.

There still needs to be a lot of development and scaling work done in order for Ethereum and other cryptocurrencies such as Bitcoin to overtake existing financial systems, explained Ethereum co-founder Vitalik Buterin in an interview with prominent venture capital investor Naval Ravikant at the Disrupt SF 2017 conference hosted by TechCrunch.

In order for cryptocurrencies such as Ethereum or Bitcoin to work in place of existing financial system, they need to have a...

The US chief financial watchdog, the Financial Stability Oversight Board (FSOC), claims that Bitcoin and other cryptocurrencies do not pose a threat to existing financial systems around the world.

«Our vision was always how to fuse the existing financial system with cryptocurrency as a hybrid, digital model,» Allaire says.

In these respects Russia's existing financial system is parasitic, not productive.

However, kWh, fiat currency, and credit card balance variables have not and so the conclusion is still same; mass adoption of Bitcoin across US households will result in very large increases in electricity use relative to existing financial systems.

The mechanisms that should have prevented this outcome have broken down, and as a result there's no longer much reason to think Bitcoin can actually be better than the existing financial system.

As for whether it's a good thing or a bad thing: in a world of excess production and / or limited demand, the US is basically getting hurt by allowing other countries to export their unemployment to the US by gaming the existing financial system.

Ripple might provide strong competition to Cardano's ambitions of becoming a bridge between the existing financial system and cryptocurrencies.

This reflected a key strategic decision on Labour's part to accept the existing financial system and (to a large extent) the rules of corporate governance.

You should decide whether your existing financial systems and staffing arrangements can cope as you convert to an AP academy.

«We want... to connect the benefits of digital currency with the existing financial system.

To be honest with you, I think that it's really just about the points where it influences the existing financial system that are most relevant.

So the idea, for example, that I would have a decentralized exchange of value between two parties that doesn't in any way touch the existing financial system is something that can not be regulated.

PwC has released findings that suggest not only is bitcoin here to stay, but its effects are unavoidable and will be disruptive to the existing financial system in a desirable way.

In fact, for those advocates of Bitcoin who appreciate it for its community aspects and because it has no connections to the existing financial system, this is even positive news, as the Bitcoin economy will be growing on its own without being rapidly «taken over» by the banking sector.

The conference will explore the implications of these to the existing financial system.

Cointelegraph Ethereum co-founder Vitalik Buterin explained what still needs to be done in order for cryptocurrencies to overtake existing financial systems.

It doesn't want to replace the existing financial system — it wants to make customers of them.

Even though most people don't have a clue how the existing financial system works either, we still want to understand this new thing.

In a recent research paper exploring the complications that banks and other financial institutions could face switching to a virtual ledger based on the bitcoin blockchain, Angela Walch, an attorney and assistant professor at St. Mary's University School of Law, said that while the existing financial system infrastructure is obsolete and needs to be upgraded, any replacements to the existing financial system should be reliable.

«The first that combines material benefits to the existing financial system with the potential and needs of the digital world.»

The utility for the global under - banked who possess smartphones and no way to enter the existing financial system is defining.

-LSB-...] order for cryptocurrencies such as Ethereum or Bitcoin to work in place of existing financial system, they need to have a lot -LSB-...]

The Financial Stability Board will examine whether the growing fintech sector can harm the existing financial system.