Sentences with phrase «fiat currency based»

This dollar stuff, it's just some fiat currency based on... the surplus taxing authority of the US Treasury of which I assert there is zero... It's about time the world switches to real money.

Cryptocurrency Liquidity can be defined as the process by which an asset is converted into fiat currency based on demand.

OKCoin will continue to facilitate fiat currency based access to blockchain assets; however, the OKCoin.com site will be down from 14:00 — 17:00, May 30, 2017 (UTC +8) for maintenance.

By default, the Abra wallet will hold your balance in your local fiat currency based on the phone number you signed up with.

Sufficed to say, if there is ever a crisis of confidence in fiat currency based assets, like government debt, there aren't many options out there for central banks to use in order to restore faith in the system.

Your wallet currency will default to your local fiat currency based on the phone number you signed up with, but if you have changed your wallet currency to something other than e.g. USD then you will want to change it back so that when you transfer USD from your bank account it will arrive in your wallet as USD.

Not exact matches

Once fiat currencies, which derive their value based on laws rather than metallurgical content, became common, governments could simply print bank notes in large quantities.

Consider for instance that Bitcoin is the de facto base currency used to exchange most cryptocurrencies into fiat currency and vice versa.

Basis is not the only company working to develop a stable cryptocurrency for individuals and institutions looking to use digital currency as easily as they do fiat currencies.

Charlie was a former employee of Google and he was also the director of engineering at coin base for several years and for anybody that doesn't know what coin base is it's one of the biggest exchanges in the world for trading fiat currencies for cryptocurrencies.

We will only process fiat currency - based transactions,» Kelly said.

Because it is fundamentally more secure and efficient than trust - based fiat currencies, it can be used in ways they can't, like nearly zero - cost international remittences, or anonymous payments on the internet from one user to another.

Using a Bitcoin - based multi-signature wallet, a consumer can hold fiat currency or ether and Abra will ensure that the value of bitcoin the consumer is holding stays fixed to the amount of ether or fiat currency that the consumer wishes to hold — we call this a synthetic currency.

«We will only process fiat currency - based transactions,» he said, referring to currencies that are issued by governments as legal money, such as the U.S. dollar.

Abra's new Bitcoin - based multi-signature wallet for holding, sending and exchanging between digital assets, starting with ether and 52 fiat currencies

Otherwise you would need to use a government - based crypto currency — which would be another form of fiat currency.

Due to its stablecoin platform — which facilitates holding digital currencies and fiat currencies through a combination of bitcoin and litecoin - based smart contracts — the wallet app is able to add new digital currencies once they pass the company's rigid analysis based on liquidity, contract market, and other factors.

Through upturns in fiat currency, downturns in commodities, and everything in between, the precious metals have always been a useful indicator and base level for the worth of things internationally.

The U.S. financial markets, specifically the U.S. dollar and the stock market, can be likened to fiat currency - based financial markets «Super Nova.»

The key element of the Streamity project is StreamDesk — a decentralized blockchain - based application that will allow users to convert virtual currencies into fiat money without any intermediaries.

In terms of its philosophy, it is a similar prospect to a Europe - based proposal, Saga, which we reported on recently — though that intended to induce stability by tying itself to a fractional reserve of fiat currency.

The Gold Standard Many folks dislike our current monetary system because it's based on fiat currency.

Today, we use the system of «fiat money» which says that currency is intrinsically worth only the paper it is printed on is is used only as a medium of exchange for the supply and demand of goods and services in an economy, including precious metals like gold and silver, with the value of money allowed to fluctuate based on market forces.

As someone who knows a great deal about personal finance, you're familiar with fiat currency and financial instruments and asset classes based on that monetary model.

About Coinroom Deposit and Withdrawal Options Fees and Charges Privacy and Security Customer Support Pros and Cons FAQ Conclusion Conceived in 2015 and launched in early 2017, Coinroom is a Polish - based cryptocurrency exchange which allows its users to buy and sell several types of cryptocurrencies using fiat currencies.

This idea is based on the fact that wages in cryptocurrencies, including Ethereum, one of the major virtual currencies, has a potential to attract a great number of technologically - skilled talents because progressive people are currently willing to convert their fiat money into cryptocurrencies.

«Our goal is to enable as many people to use assets as money instead of debt based fiat currencies.

The ERC20 Tether allows for tokenized USD to be exchanged on the Ethereum network, enabling interoperability with Ethereum - based protocols and DApps whilst allowing users to transact with fiat currencies across the Ethereum Network.

This second solution simply takes us back to square one: will Bitcoin become the primary currency, or will it be pushed aside by the new blockchain - based fiat exchanges?

Similar to traditional Automated Teller Machines, Bitcoin ATMs allow people to exchange fiat for the blockchain - based virtual currency.

Listening to Adam Carroll's TED talk on how differently we treat «real» and «unreal» money (his experiment was based on playing Monopoly), I also wondered whether we spend and invest bitcoin the same way we spend and invest fiat currency.

Merchants on the platform can easily put up their goods for sale, knowing that payment will not only be prompt and directly, but also based on whatever currency they prefer, including fiat.

Using a Bitcoin - based multi-signature wallet, a consumer can hold fiat currency or ether and Abra will ensure that the value of bitcoin the consumer is holding stays fixed to the amount of ether or fiat currency that the consumer wishes to hold — we call this a

Abra's new Bitcoin - based multi-signature wallet for holding, sending and exchanging between digital assets, starting with ether and 52 fiat currencies

Buy and sell cryptocurrency at this US - based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.

Lastly, the interoperability of bitcoin and ethereum - based tokens with other cryptocurrencies, and also with the legacy financial system when being exchanged for fiat currencies, are processes wrought with friction.

LakeBTC is a Shanghai - based exchange that accepts most fiat currencies in exchange for Bitcoin and Ether.

The AMZN Token will be a hybrid between a security and utility - based token, unlocking additional benefits that fiat currency can not and entitling token holders to Amazon's future cash flows, similar to a stock.

Being Costa Rica based may help for a while but expansion outside Costa Rica (especially if they sooner or later would like to start doing FIAT currency) will be incredibly challenging.

Firstly, deflation is only bad in a debt based fiat system where currency must be continually loaned into existence or the ponzi collpases.

We will only process fiat currency - based transactions,» he said in the interview.

For all practical purposes, this only had the effect of barring US - based traders from openly using it and limiting its ability to accept fiat currencies.

Some critics argue that Ripple only copies those aspects of the current fiat currency and fractional reserve - based financial system that cryptocurrency is meant to solve.

The Copenhagen - based firm, founded by Kris Henriksen, had been using Mt. Gox to convert between fiat currency and bitcoin.

Valorem is a blockchain - based decentralized platform that allows for multi-party transactions across multiple industries using any currency, whether fiat or cryptocurrency.

Readily offer the ability to set the amount to pay in USD or other local fiat currency rather than requiring the customer to determine the BTC value based on the current price themselves (at least in cases where the merchant is not generating all - inclusive QR codes containing both the destination address and the price.

Currently, the issuance of fiat currency in China follows the «central bank - commercial bank» system, and most of the social and economic activities are based on the commercial bank account system.

The site features an interactive Bitcoin «onboarding tool» that walks consumers step - by - step through the process of creating a Bitcoin wallet and converting fiat currency into Bitcoin, with recommendations for individual customers based on their geographic location, operating system and spending preferences.

The San Francisco - based startup allows users to specify the size of their tip in fiat currencies or «monikers», which encourages users to be creative.

If the present growth momentum of Bitcoin maintains its stride in days to come in terms of infrastructure, user base, trading volume, transaction volume and adoption by big financial bodies, then nothing can stop Bitcoin from posing as a big threat to the government backed fiat - currencies issued by central banks.