Sentences with phrase «fiat money payment»

At this present moment, the platform enables users to buy, sell and store all the major cryptocurrencies as well as facilitating fiat money payment solution.

Not exact matches

«Our BOSS Revolution international money transfer business routinely utilizes digital assets to generate liquidity in fiat currencies for our disbursement agents as part of our transaction settlement process,» said Alfredo O'Hagan, senior vice president of IDT's consumer payments business.

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.

«We are working to achieve mass adoption of the NEM protocol through sovereign fiat money issuance, financial settlements, payments, trade finance, stock markets, forex and other applications.

When we launched Abra as a platform for enabling money transfer and payments using bitcoin, users immediately started giving us feedback that Abra was now their go - to method to convert between fiat and bitcoin.

Fiat money transaction speed With the help of the built - in payment agent, the crediting time for fiat funds will only take several minutes.

Because fiat currency (AKA paper money) helps build up a country's debt, and physical gold is the only form of payment to counter this.

Rapid changes in the landscape of the payments industry along with factors such as emergence of private digital tokens and the rising costs of managing fiat paper / metallic money have led central banks around the world to explore the option of introducing fiat digital currencies.

To provide its low - cost cross-border payment service, bridge21 leverages bitcoin to process the money transfers, while its customers deal purely in fiat currency.

«Rapid changes in the landscape of the payments industry along with factors such as [the] emergence of private digital tokens and the rising costs of managing fiat paper / metallic money have led central banks around the world to explore the option of introducing fiat digital currencies,» the central bank explained, adding:

These four features include cryptocurrency enabled credit cards that can be used for payment in local stores, a cryptocurrency exchange with support for fiat currency, a payment provider and ATMs that will allow for the instant purchase of coins with fiat money.

As the fiat money is transferred to the seller's account, a signal from the payment system opens the smart contract.

For many of those who purchased coins, cryptocurrencies represent not just a way to make money, but the future of payment systems as we know them, not to mention a way to counter what these diehards often view as an overly powerful collection of central governments with the ability to have an outsized effect on traditional fiat currencies.

While it is possible to deposit fiat money by wire transfer, credit card and other payment options, users are also free to just use cryptocurrencies for deposits and withdrawals which enables a complete anonymous use of the broker platform.

RBI's interest in their own cryptocurrency is due to the «rapid changes in the landscape of the payments industry along with factors such as emergence of private digital tokens and the rising costs of managing fiat paper / metallic money,» which they cite as the impetus for central banks around the world to introduce «fiat digital currencies.»

What helped the most was the fact that the vendors who received Litecoin payments received the money in actual traditional fiat currencies.

And if you can't use it for daily payments, then it will never replace fiat money.

Based on the Ethereum blockchain and accessible from a smart phone / tablet, the Everex network allows everyone to request a microcredit and send a payment (in FIAT money: euro, dollars, etc.) to the world whole.

In the broader context of the arrival of distributed ledger technology (DLT) and in light of payments and regulatory innovation in the European market, this paper investigates the changing role of money in retail payments and the associated question as to whether central bank fiat currency risks to fall behind.

Allaire's payments provider, once the darling of Blockchain investors, will instead focus on using the Blockchain for fiat money transfers.

The company's name stands for «Omni Token Platform for Payments,» and their expressed objective is to diminish the hindrance amongst fiat and digital money to propel the lasts across the board acknowledgment.

If the customer pays for the hotel: with fiat money, then the hotel receives payment from the customer's card, with cryptocurrency, after that the hotel receives payment to its cryptocurrency wallet from the customer's wallet.

Its potential to work as a legitimate payment system, one that could replace fiat and revolutionize money, has fallen away somewhat.

LitePay will simplify acceptance of litecoins as a means of payment in shops, restaurants and other retail outlets that mostly work with fiat money.

Users can use available tokens for money remittances or can exchange them for inner MMR tokens local fiat currencies through an agent system or use as payment for goods and services.

The problem with the analysis is that bitcoin is more than a payment method, and even those in the industry who don't expect bitcoin to replace fiat money are long bitcoin.

With the addition of fiat storage and payments alongside the existing bitcoin infrastructure, Circle is gradually making its mark on the very definition of money.

In cross-border transactions involving multiple currencies, the exchange of fiat currency to Lumen and vice-versa allows consumers and businesses to send and receive money across borders, faster and cheaper than traditional payment services.

OmiseGO is a public Ethereum - based financial technology for use in mainstream digital wallets, that enables real - time, peer - to - peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies.

Users of the payment system will have the ability to store LTC tokens directly in their LitePay wallet, which can then be converted to fiat money instantly for a flat fee of 1 %.

Eco is in it to win it and is designed to go head - to - head with bitcoin, gold and fiat money for daily global payment transactions.

But even Brad Garlinghouse, chief executive of XRP - fueled cross-border payments startup Ripple, isn't against fiat money.