If you want multiple
fiat currency choices, then Xapo is seamless.
Not exact matches
The prototype comes with BitPesa built in as a third - party service that will enable the recipient to obtain their funds in a
fiat currency of their
choice.
Some wallets have other features, such as checking live exchange rates to your
fiat currency of
choice or maintaining various coin balances from different blockchains, but we'll cover these in later sections.
If they make withdrawals through
fiat currencies not supported by CEX.IO, they could be charged
currency conversion fees by their bank or payment platform of
choice.
Yet when dealing with
fiat currency, we have no
choice but to use banks, because no other institution is so firmly entrenched in the worldwide economy.
They print bills, and auction them off in exchange for dollars, pay their public employees in this
currency (let's ignore the minimum wage), and demand taxes and land payments in this
fiat currency, as well as demand a minimum wage from the companies in their pseudo-governmental system, and generally establish this
fiat legal tender as the
currency of
choice for their people, eventually stamping out the dollar.
These websites also let you convert that Bitcoin back to US dollars or your
fiat currency of
choice.
In his view, the
choice between bitcoin and conventional
fiat currencies doesn't represent an «either / or» proposition.
Finally, your recipient can sell the bitcoins on LocalBitcoins for the
fiat currency of their
choice.
The prototype comes with BitPesa built in as a third - party service that will enable the recipient to obtain their funds in a
fiat currency of their
choice.
Customers can fund their account with their
fiat currency and buy the cryptocurrency of their
choice in one easy step.
If they make withdrawals through
fiat currencies not supported by CEX.IO, they could be charged
currency conversion fees by their bank or payment platform of
choice.
Some wallets have other features, such as checking live exchange rates to your
fiat currency of
choice or maintaining various coin balances from different blockchains, but we'll cover these in later sections.
I tell them the citizens of Greece should have the
choice to use both digital
currencies and
fiat currency.
Although the struggle in the past has been to convince politicians to allow different forms of money to compete with
fiat currency, Voorhees alluded to the fact that Bitcoin may create a situation where those politicians don't have a
choice in the matter:
In fact, its possible to receive a payout in Bitcoin as a player or an affiliate and convert it instantly into the
fiat currency of
choice, meaning you don't even need a Bitcoin wallet or knowledge of how Bitcoin works in order to use it.
The paying party can decide to pay using any major
currency:
fiat (US dollars, Euros or any conventional
currency of his
choice) or cryptocurrency (Ethereum coins, Bitcoin, Litecoin or any other cryptocurrency).
This means that traders provide
fiat, consumers pay with their digital
currency of
choice and the merchant receives his or her preferred local
currency (USD, EUR, GDP, etc.) once the payment is completed.
You will be presented with two main
choices: bitcoin you wish to sell, or
fiat currency you would like to use to buy bitcoin.
Market participants will be able to convert to the
fiat currency of their
choice in real - time, transparently and seamlessly.
Alternatively, you can click on the «Buy & Sell» button on the top menu on the website and select your
fiat currency of
choice next to the price chart.
But your recipient then has to sell the bitcoin you've sent for their
fiat currency of
choice and then withdraw it to their bank account.
This coin lets you make quick and cheap transfers while simultaneously converting money from cryptocurrency to your
fiat currency of
choice.
If you are considering investing or trading in this emerging market, you will first have to exchange your
fiat currency for the cryptocurrency of your
choice.
If miners have no way to convert mined crypto -
currency into usable
fiat currency to support their operations, they may have no
choice but to close down.
There is a time lag between buying Bitcoin or Ethereum with
fiat currency and then trading for your altcoin investment of
choice.