Sentences with phrase «in conventional currency»

Until recently, officials at major central banks were happy to watch as pioneers in the field progressed by trial and error, safe in the knowledge that it was dwarfed by roughly $ 5 trillion circulating daily in conventional currency markets.

So far, the estimated $ 150 billion value of the top 20 cryptocurrencies is still a tiny fraction — 3 % — of the $ 5 trillion in conventional currency circulating every day.

But there are a lot of possible applications that can use Bitcoin as the medium of exchange while prices are set in a conventional currency such as the dollar.

Most merchants who accept bitcoins price their goods in a conventional currency, converting to an equivalent number of bitcoins at the time of sale.

Bitpay customers price their products in conventional currencies such as the dollar.

WebMoney also issues a debit MasterCard which can be used to cash out WMZ units in conventional currencies.

He mentioned that April onwards, ticket prices will be quoted on the group's website in conventional currencies as well as in BigCoin.

Not exact matches

He added that it also makes sense for a fund dedicated to crypto investments to be denominated in a digital currency because it provides a much faster way to conduct transactions than conventional money.

Just a month later, in the midst of China's freeze of bitcoin exchanges, Yao Qian published a paper in the Tsinghua Financial Review (Chinese), detailing how digital currency could be absorbed by the conventional financial infrastructure.

Conventional currency has technically been based on gold or silver, and upon handing over some dollars at the bank you should have received some gold in return.

In their April 2017 paper entitled «Momentum in Traditional and Cryptocurrencies Made Simple», Janick Rohrbach, Silvan Suremann and Joerg Osterrieder compare the effectiveness of time series and cross-sectional momentum as applied to three groups of currency exchange rates: G10 currencies; non-G10 conventional currencies; and, cryptocurrencieIn their April 2017 paper entitled «Momentum in Traditional and Cryptocurrencies Made Simple», Janick Rohrbach, Silvan Suremann and Joerg Osterrieder compare the effectiveness of time series and cross-sectional momentum as applied to three groups of currency exchange rates: G10 currencies; non-G10 conventional currencies; and, cryptocurrenciein Traditional and Cryptocurrencies Made Simple», Janick Rohrbach, Silvan Suremann and Joerg Osterrieder compare the effectiveness of time series and cross-sectional momentum as applied to three groups of currency exchange rates: G10 currencies; non-G10 conventional currencies; and, cryptocurrencies.

The DOLLAR INDEX is lower by 3.2 %, which is also in contravention of conventional wisdom as QE is done to weaken one's currency in an effort to aid the domestic economy.

The question most investors in conventional international ETFs are now asking themselves is whether or not it's too late to get into the currency game.

Conventional Wisdomers in the points and miles community universally sing the praises of the three major flexible miles currencies — Chase Ultimate Rewards, American Express Membership Rewards, and Starwood Preferred Guest (SPG) Starpoints.

The solutions are evaluated both in terms of the real currency of the 21st century — gigatons of greenhouse gases avoided or sequestered — and in conventional economic terms: When possible, the research team estimated a «net cost» for each solution, one that takes both global costs and global benefits into account.

Launched in July 2014, this innovative platform prides in being the fastest way to trade between the digital currencies, beating the conventional method of trading online.

That's not entirely without merit: people were buying up bitcoin and selling the yuan in 2016 on the belief that the conventional currency's value was going to tumble.

In his view, the choice between bitcoin and conventional fiat currencies doesn't represent an «either / or» proposition.

Cryptocurrencies are not true competitors to conventional currencies despite soaring interest in products like bitcoin, Swiss National Bank Governing Board member Andrea Maechler said on Thursday.

ZURICH (Reuters)- Cryptocurrencies are not true competitors to conventional currencies despite soaring interest in products like bitcoin, Swiss National Bank Governing Board member Andrea Maechler said on Thursday.

Just like the conventional Fiat currencies (Dollars, Yen, Rupees and Euros) it can be traded, exchanged and holds a value in the market.

to handle bitcoin in the same manner as conventional currencies.

Office of the Comptroller of the Currency has a lot of catching up to do in dealing with innovative information technology, as it affects not only conventional finance, but also new channels of e-commerce made possible through advances in IT.

Last year, regulators in Japan announced a proposal to handle bitcoin in the same manner as conventional currencies.

Conventional currency has technically been based on gold or silver, and upon handing over some dollars at the bank you should have received some gold in return.

While many cryptocoins seek to transcend conventional currency, the cryptocurrency Tether claims to back each of its issued tokens with an equal amount of redeemable cash held in a private reserve.

Another set of rules issued earlier this month restricted financial firms from investing in cryptocurrencies more broadly, although the rules also levied capital gains tax on any money conventional investors made from buying and selling the currency.

Regulators in Japan have reportedly proposed treating digital currencies like bitcoin as methods of payment, a distinction that would make them legally equivalent to conventional currencies in the country.

Reuters SEOUL With a tech - savvy population quick to adopt the latest gadgets and a young generation facing dim prospects in the conventional workplace, South Korea has been a fertile ground for virtual currencies.

ZURICH (Reuters)-- Cryptocurrencies are not true competitors to conventional currencies despite soaring interest in products like bitcoin, Swiss National Bank Governing Board member Andrea Maechler...

More to that, income received in Bitcoin and other digital currencies are taxed as conventional income tax.