Equally, the inclusion of
existing national currency denominations such as «cent», «nickel», «dime», «pence», «pound», «kopek» and so on are to be discouraged; this is a worldwide currency.
The most immediate function Middleton envisions for his system is for hedging bitcoin against
existing national currencies.
Not exact matches
The digital
currency would presumably circulate in parallel (and at par) with banknotes and other
existing forms of the
national currency.
Perhaps the most interesting moment of the prestigious event transpired late in the afternoon when one attendee asked, «How core is solving identity to expanding digital
currency or solving some of the frictions in our
existing system, and how do you foresee an identity world that's based on a
national or — in the US's case — subnational system working or integrating in a global financial system?»
«The
national currency can
exist in electronic form, not just in paper as we now have it in our wallet.
If governments look to create
national digital
currency we'd be very happy to look at those in a more favourable way [compared with
existing cryptocurrencies].
This, combined with the rise of Japan and the stagnant European economies, again focused the attention on ideas which had
existed for some time: further integration of
national European economies into an integrated common market, and even a joint
currency.
If all Eurozone nations collectively give up on the Euro, and it ceases to
exist, after a period where
national currencies float against the Euro to determine breakup value, that would be a good thing.
Venezuela's
national currency is becoming so irrelevant in the real world it's less valuable than money that only
exists in the mythical world.
«If governments look to create
national digital
currency we'd be very happy to look at those in a more favorable way [compared with
existing cryptocurrencies],»
The XinFin ecosystem will support price stability of FIAT
currencies, upcoming
national crypto
currencies and
existing cryptocurrencies through monitoring activities like KYC, AML on TradeFinex platform.
No matter where you are located, you will be able to sell your bitcoins online in exchange for other cryptocurrencies or
national currencies, provided you already have an
existing account with an exchange.
For example, if Venezuela decided to adopt Bitcoin as their
national currency, the demand spike would overload the capacity of the
existing network.
«If governments look to create
national digital
currency we'd be very happy to look at those in a more favorable way [compared with
existing decentralized cryptocurrencies].»
The XinFin ecosystem will support price stability of FIAT
currencies, upcoming
national cryptocurrencies and
existing cryptocurrencies through monitoring activities like KYC, AML on TradeFinex platform.
We will hold a meeting to respond to
national petition related to digital
currencies this month but we are highly likely to make up for the defects of
existing measures only at the meeting.