Sentences with phrase «means of exchange»

They can also serve as means of exchange and storage of value.

In the 21st century, ebooks are a leading means of exchange between democracy and citizen.

Both money proper and money substitutes serve as generally accepted means of exchange.

Money he said, though as metal a valuable means of exchange was a dead thing.

She said that the likes of bitcoin and ethereum are not a stable store of value or an efficient means of exchange.

Critics point out that one of the fundamental ideas behind the creation of cryptocurrencies was their decentralized means of exchange.

Joint meetings continue to be the normal means of exchanging and clarifying information and brainstorming possible options for resolution.

It is also very convenient for partners to use altcoin as means of payment for traffic, as means of exchanging for other cryptocurrencies and also as perfect store value instrument.

Its molecules are held together by means of the exchange of tiny particles known as morons.

But while Wi - Fi connectivity is a crucial part of smart - home technology, different devices have different means of exchanging information between them, called communication protocols.

«Because of its innovative features as a digital asset, bitcoin has gained wide acceptance as a secure means of exchange in the commercial marketplace and has generated significant interest among investors,» Concannon wrote.

The country has already shown its receptiveness towards cryptocurrencies by unveiling laws that recognize bitcoin as legal means of exchange.

If we're going to live in a society where there's no alternative means of exchange but the capitalist system, then we've got to make it fit the way we want to have our communities.

WebMoney is an electronic means of exchange as well as a digital wallet, which was originally developed in Russia by WM Transfer Ltd in 1998.

Cryptocurrencies are digital means of exchange which are created by the solution of complex Mathematical problems, and which are used to effect peer - to - peer transactions without the control of a centralised government agency.

taking a leadership role in providing information concerning civil justice reform initiatives and developing effective means of exchanging this information

Bitcoin is fast becoming the first commodity since gold to become a widely accepted means of exchange without the need of a central authority backing it.

With the technology providing a better way to carry out activities like financial services, automobiles, aviation, and retail, many global sectors around the world were willing to let go of the traditional means of exchange and opt for the technology.

Gold was discovered by practically every world civilization and became a good of such universal value it slowly became the de facto means of exchange (along with silver) across much of the planet, eventually culminating in the Classical Gold Standard.

The debate isn't over, but with the latest developments, we're seeing strong signals that it soon could make for a faster and more affordable means of exchange than a few months ago.

The SMARTRealty system also offers RLTY tokens which serve as the main means of exchange on the platform.

It took millennia for gold and silver to be established as universal means of exchange and money proper.

Bitcoin was originally proposed as a «peer - to - peer digital cash» after all, and its most ardent maximalists aspire to have it replace the national patchwork of fiat currencies as the primary means of exchange around the globe.

In fact, it may even be necessary if Bitcoin and other currencies are to survive as viable and trustworthy means of exchange or commodities.

«But while we are doubtful cryptocurrencies will ever become a mainstream means of exchange, the underlying technology, blockchain, is likely to have a significant impact in industries ranging from finance to manufacturing, healthcare, and utilities.»

In a somewhat ironic twist, crypto exchanges force investors and traders to become dependent on them because they are perceived to be the only means of exchange.

Money was invented because bartering in kind is a tedious and inefficient means of exchange.

RDN is an ERC - 20 token that was created as an additional means of exchange to be used on the Raiden Network, and also to help fund the project.

It has been a trusted storehouse of wealth and means of exchange for centuries, but lately it's been jumping around like a risky biotechnology stock.

Bitcoin got an unexpected endorsement this week - federal authorities signaled they view the digital currency as a legal means of exchange and legitimate payment alternative.

In my last post in this series, I observed that an economy's «base» money serves as the «raw material» that commercial banks and other private - market financial intermediaries employ in «producing» deposits of various kinds that can themselves serve as means of exchange.

Remeber money even the USD is anything the people find as a valuable means of exchange.

Lawrence White begins with obstacles to alternative means of exchange.

PayPal is an electronic means of exchange, which enables people from all over the world to pay for goods and services online as well as transfer money in electronic form.

Back in 2014, he wrote a Financial Times op - ed in which he criticized the virtual currency for being «unsuitable as a means of exchange» and said it was only attractive for two reasons: anonymity — as desired by money launderers and tax evaders — and speculation.

Maybe good for a souvenir, but basically worthless as a means of exchange outside the casino.

«Maybe [bitcoin] will do a hard fork, so it has both the store of value role and the means of exchange role,» she added.

But technology's inexorable march gradually surmounted those barriers; cheap bandwidth proliferated, and peer - to - peer systems like BitTorrent and Gnutella offered a means of exchanging large files rapidly and easily.

Currency has three primary functions: a store of wealth, a unit of account and a means of exchange.

If cryptocurrency gains acceptance as a means of exchange, it's sure to raise the ire of governments hungry for revenue from sales taxes.

With concurrent work by core developers pushing scalability and fee - reducing upgrades into the tech stacks, cryptos may finally be poised to begin gaining acceptance as a means of exchange and a unit of account - in other words, ready for use in daily transactions.

The value of the currency seems to rely mostly in the ability to use it as a means of exchange; something that Bitcoin is getting better at by the day.

««Virtual currencies» means a digital representation of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.

Cryptocurrencies are decentralized digital currencies designed to work as a means of exchange.

But while high fees have made bitcoin and other cryptocurrencies less viable as a means of exchange, improvements are being made to crypto models to overcome this.

A crypto currency is an alternative currency that is designed to serve as a means of exchange between people and businesses that are willing to accept them.