Sentences with phrase «into local fiat currencies»

There are several services on the market that allow users to spend bitcoins by converting them into local fiat currencies.

In Polupanov's words, these marketplaces have become «pioneers and leaders on the proposal to buy cryptocurrency,» with traders converting rubles to virtual currency, transmitting those funds to their home countries, and reconverting them into local fiat currency there.

Much like multinational corporations (MNC) with large overseas operations, miners of cryptocurrency networks as a whole do not measure the income they receive in terms of bitcoins (or other discrete cryptocurrencies), but instead they measure their income in terms of «fiat» from foreign financial markets, specifically converting bitcoins into the local fiat currency where their mining operation physically resides.

This deal is part of the Hyperledger Fabric Project and under the agreement, a network of banks will conduct transactions using Lumens, and then rely on local market makers to convert the Lumens into local fiat currency.

will conduct transactions using Lumens, and then rely on local market makers to convert the Lumens into local fiat currency.

«anticipate in the near future that Gold currency will be instantaneously transferred into any local fiat currency anywhere in the world.»

Under this blockchain based arrangement, banks will conduct the transactions using Lumens, and then rely on local market makers to convert the Lumens into local fiat currency.

Puregold is also creating a dedicated mobile app, by which they «anticipate in the near future that Gold currency will be instantaneously transferred into any local fiat currency anywhere in the world.»

By using this blockchain arrangements banks will keep up the transactions using Lumens and then they try to convert the lumens into the local fiat currency by depending on the local market.

Not exact matches

Plus, it can be converted into a ton of different local fiat currencies if needed.

Bitcoin is the same digital currency across borders and can be converted into nearly any local fiat currency on request.

For example, customers will be able to «deposit» money with Circle, thereby instantly converting fiat money into bitcoin, and «withdraw» money via the service, converting bitcoin into local currency that can then be transferred to a bank.

While there is a growing group of websites, cafes, and bars that accept them, the reality is that taking into account the price volatility and fees involved in acquiring bitcoins, for local purchases fiat currency still rules.

Users can convert local fiat currency into Cryptocash through the specialized Everex Wallet, and then have the balances held in licensed financial accounts linked to recognized institutions.

Once money is converted into bitcoin, the inflation rates of local fiat currencies do not affect bitcoin holdings and it can be sent anywhere through the Internet for free.