Sentences with phrase «fiat money like»

Bitcoin is transparent and not anonymous by nature and 95 % of drug purchases are made by fiat money like the US dollar.

Encouraging words aside, the central banker dismissed the notion that cryptocurrencies could be compared to fiat money like the yen or the dollar by claiming the latter are backed by central banks while cryptos do not see any issuer like a «central bank, corporation or a financial institution» and therefore, according to him, lacks a user's trust.

When buying products online or in the store, most people still use physical fiat money like dollars or euros, and bitcoin was the first real blockchain product to offer an alternative.

He hopes that by partnering with foreign firms like IDG, Circle can eventually offer financial services for people who use fiat money like Chinese yuan and Japanese yen.

Poloniex, which for now trades only digital tokens (about 70 types), needed a way to translate its cryptocurrency exchange fees into fiat money like U.S. dollars — «to buy cookies and milk and pay rent,» as Allaire likes to say.

According to the authors, the same criticism can also be directed at fiat money like the dollar.

Poloniex, which for now trades only digital tokens (about 70 types), needed a way to translate its cryptocurrency exchange fees into fiat money like U.S. dollars — «to buy cookies and milk and pay rent,» as Allaire likes to say.

Not exact matches

Unlike modern fiat money, Bitcoin, which has often been called «cash for the Internet,» is not controlled or backed by any bank or central government authority, like the Federal Reserve, for example.

Like gold, cryptos are favored by those who have a deep distrust of fiat currency, or paper money.

If you are a Keynesian / liberal and you like fiat money, chances are you are bearish on gold.

fiat paper money is nothing but debt just do what the rich do they convert their fiat paper money into real tangible assets like precious metals or income producing real estate.

Like government fiat money, they are not redeemable at a fixed rate for any commodity or other money.

I would like to know when and how can I transfer fiat money, USD, Euro or Ft to my K & h Bank to Budapest

You first need to deposit fiat currency — government - issued money like US dollars or euros — onto CEX.IO.

CEX.IO supports fiat currencies — government - issued and - regulated money — like the US dollar, euro and Russian ruble, which you can use to buy and sell cryptocurrencies.

On this platform, the tokens will be exchanged for fiat currencies — since trading through fiat money will be allowed on this platform, we can expect ICOs selling like hot cakes.

OMG is unique in that they'll be able to easily switch from using fiat money to using decentralized currencies — like ETH, BTC, and others.

He explained that the most important attribute of currency is trust and that, despite inflation, people trust fiat money issued in a stable economy, like the United States dollar.

Unlike centralized banking, like the Federal Reserve System, where governments control the value of a currency like USD through the process of printing fiat money, government has no control over cryptocurrencies as they are fully decentralized.

He was also acutely aware of the horrible history of fiat paper money (like the dollar).

I don't like fiat money, and would rather have a gold standard, but if we must have fiat money, then make life tough for the banks.

I agree with you: people who believe in hard money would look at a fiat money system like this and go, «Well this can't survive» — but it has.

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.

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.

This move is expected to affect Indian crypto exchanges like Koinex, ZebPay, and Unocoin since users will neither be able to invest money nor will they be able to liquidate their funds into fiat.

That may be fiat money (real centralized currency, like $ or $) or other cryptocurrencies.

CEX.IO supports fiat currencies — government - issued and - regulated money — like the US dollar, euro and Russian ruble, which you can use to buy and sell cryptocurrencies.

You first need to deposit fiat currency — government - issued money like US dollars or euros — onto CEX.IO.

Unlike fiat currencies (such as US dollars or euros) bitcoins are not controlled by a central government or bank and new bitcoin can not be printed and issued like paper money.

Leading investment firms like Goldman Sachs describe bitcoin as money and a possible replacement of fiat currency.

Prepaid crypto cards work the same as prepaid debit cards: you «load» them with an amount of fiat money — bought with crypto — then use them like any bank debit card.

However, while bitcoin may have fallen compared to dollars, it could have risen compared to something else, like Ethereum or Litecoin, for example, which in turn probably wouldn't have risen compared to any others Fiats (government - issued money).

It can also be exchanged for traditional currencies and can act as alternatives to national fiat money and commodities like gold.

Litecoin creator Charlie Lee tweeted that this is the first time any cryptocurrency exchange is returning all its money, both cryptocurrency and fiat currency like yuan, to its users.

Bitcoin and other cryptocurrencies infrequently operate like a financial security such as a stock or commodity; companies raise their funds through granting digital «tokens» to their contributors, or subscribers, who in their turn use either a cryptocurrency or fiat money to acquire an interest in this or that project.

The money they earn can be converted into bitcoin or other altcoins like ether, or use mobile cashiers to exchange (HMQ) Humaniq tokens for fiat currencies.

Bitcoin «Like Mr. Money Moustache's Fingernail Clippings» In an extensive post arguing that trust principles of fiat currency are superior to decentralized setups in many cryptocurrencies, the blogger known as «Mr. Money Moustache» tells readers purchasing them is «collective insanity.»

Atomic swaps would make Bitcoin fungible, just like fiat money.

In ICO, the companies cryptocurrency is sold in form of «tokens» in exchange for fiat money and other digital money like Bitcoin and Ethereum.

The value of fiat money isn't directly held in a physical asset like a precious metal or an item that's of use to someone.

It allows users to transfer Bitcoin with internal private keys, with the vision of enabling users to utilize Bitcoin like fiat money, such as the US dollar.

In the future, the switching of money from one form of cryptocurrency to any form of fiat currency like the dollar or so on, will cost a solid amount of money.

Deutsche Bank lead strategist Jim Reid believes the reign of fiat money could soon end and cryptocurrencies like bitcoin could take over the global financial market.

A fiat currency, like the US Dollar, is a currency that is backed by the government that issues the money but isn't backed by a physical commodity.

Singaporean laws do not make any distinction between transactions involving fiat currencies and cryptocurrencies like bitcoin under money laundering and counter-terrorism financing laws, the country's deputy prime minister said yesterday.

The continent has seen a growing number of mobile money platforms like M - Pesa, enabling digital transactions using fiat currencies.

Like any other currency exchange, Bitcoin exchanges buy and sell cryptocurrencies (in exchange for fiat money) in order to turn a profit.

SIRIN Labs, a Blockchain privacy - oriented electronics and OS supplier established in 2014, actually develops its own Blockchain - based phones alongside with a crypto wallet and crypto exchange - like platform, converting digital tokens to fiat money for running DApps.