Sentences with phrase «legitimate payment method»

Russia could accept Bitcoin and other cryptocurrencies as legitimate payment method in the next year.

Russia could accept Bitcoin and other cryptocurrencies as legitimate payment method in the next year.

Despite the rumors for a centralized digital currency, China's central bank governor Zhou Xiaochuan said that the country, which still does not recognize Bitcoin as a legitimate payment method, is not in a hurry to issue its own digital currency.

The new Japanese rules enacted by the Financial Services Agency went into effect April 1, establishing bitcoin as a legitimate payment method by putting rules on businesses in the industry.

According to the agency's announcement on Wednesday, among the topics discussed this year was the use of cryptocurrencies such as bitcoin as a store of value and as a legitimate payment method.

But, while the Japanese government has legalized bitcoin as a currency and a legitimate payment method, other minor alternative cryptocurrencies (altcoins) are receiving the same treatment as bitcoin.

Request Network recently partnered with PwC in France on a blockchain application that observers say will cement cryptocurrency's evolution as a legitimate payment method.