Sentences with phrase «fiat money substitute»
Reflecting on the progress of two main blockchain ecosystems in 2016, Gershuni points out that bitcoin has made another step towards mass adoption as a fiat money substitute.
http://www.coinfox.info/ Not exact matches
As they come in different sizes (or denominations), they can also act as a substitute for paper money in case of the fiat system collapse.
In order to estimate which portion of gold and fiat money can be substituted by cryptocurrencies, I will use the most conservative estimate — only 10 % (yearly volatility of stock markets or commodities is much higher!).