Sentences with phrase «fiat money in your accounts»
And they store only fiat money in your accounts.
http://www.slaw.ca/ Not exact matches
The transaction works the same in the reverse: if a recipient needs or prefers to receive a payment in bitcoin, but the sender prefers to deal in fiat currency, the sender can add money to their Abra wallet using their bank account or a local Abra Teller and then send their fiat currency directly to the recipient's bitcoin address, even if the recipient does not have an Abra wallet.
If it were, the credit would be too much like money because a) accounting is done in it, b) it is issued by a governing body (like a fiat currency) and c) it is fungible, i.e. you can already buy things with it and if you could buy things with it AND a and b were true, it would pretty much be a currency.
TrustToken says that when users send in fiat, their money is kept in an escrow account that only they have access to, and that they can reclaim their underlying fiat at any time.
So when you make a fiat money deposit, set a buy order for BTC and then see a BTC balance in your account, you have actually bought Bitcoins and can withdraw them to your home wallet, if you wish.
Anonymous account holders can continue to buy or sell cryptocurrencies using their virtual accounts, but any new crypto purchases using fiat money or withdrawals in fiat will require complying with the new KYC - mandate.
The fiat money can be sent directly to the credit cards of principal banks (such as Alfa - Bank, Russia or Privat24, Ukraine), to an account in an electronic system (such as Qiwi) or received in cash.
London - headquartered bitcoin wallet and card company, Wirex has revealed it will launch contactless debit cards for spending money that has been loaded from cryptocurrencies and its first ever multi-currency accounts for speedy exchange between bitcoin and fiat (SGD, GBP, EUR, USD) in Asia during the second quarter of 2018.
For everyone else, bitcoin exchanges offer users the ability to transfer fiat money from a credit card or bank account in exchange for bitcoin.