Sentences with phrase «fail as mediums of exchange»
If cryptocurrencies fail to provide easy liquidity, then they fail as mediums of exchange, one of the principal roles of money.
http://www.zyen.com/ Not exact matches
Despite the record - breaking values of Bitcoin and its ilk, most digital currencies have failings that make them problematic as a mainstream medium of exchange.
In February 2018, Bank of England governor Mark Carney said that cryptocurrencies have «failed» to behave as currencies because they are not an effective «store of value» and because «nobody uses [them] as a medium of exchange.»