Sentences with phrase «of fiat currency as»

Rilcoin is a cutting - edge crypto technology - based, fully decentralized crypto - currency, which actually has all the benefits of fiat currency as well the freedom and anonymity of a crypto - currency.

crypto - currency, which actually has all the benefits of fiat currency as well the freedom and anonymity of a crypto - currency.

Rilcoin is a cutting - edge crypto technology - based, fully decentralised crypto - currency, which actually has all the benefits of fiat currency as well the freedom and anonymity of a crypto - currency.

Governments are not omnipotent in regulating economies; indeed, their track record is pretty dim, as is the record of fiat currencies as providing a stable unit of account.

Not exact matches

Unregulated digital entities, created by just about anyone out of nothing, that assume some value denominated in fiat currency simple because they're being traded between anonymous people or bots whose only desire is to make prices go up, on unregulated opaque exchanges where everyone thinks price manipulation is good as long as it pushes up the price....

But as I live in the real world, I buy gold, even though I am optimistic we'll get through this rough patch; because I simply don't trust the bas * % * ds who are driving this ship with 100 % of my money in dollars, or any fiat currency, for that matter.»

Despite a decline in fiat currency reserves, China's holdings of gold have increased to $ 60.19 billion in December as compared to $ 59.52 billion in November.

While innovation should always be encouraged, Bitcoin isn't yet fit as a place for orphans and widows to shelter their nest eggs — although there are admittedly plenty of gold bugs who would say the same about fiat currencies.

The race between automation and human work is won by automation, and as long as we need fiat currency to pay the rent / mortgage, humans will fall out of the system in droves as this shift takes place... The safe zones are services that require local human effort (gardening, painting, babysitting), distant human effort (editing, coaching, coordinating), and high - level thinking / relationship building.

This would allow California to enact important consumer protections, such as the disclosure of material risks, the unpredictability of virtual currency price in relation to fiat currency, and consumer's rights and remedies, without also immediately imposing harsh, costly licensing requirements.

As the 38th director of the US Mint, Ed Moy knows a thing or two about fiat currency.

One of his views that always stuck with me on that subject, at least as a starting point for thinking about it, was that it was somewhat nonsensical to talk about what «equilibrium exchange rates» should be in a world of fiat currencies and fractional reserve banking.

«Our BOSS Revolution international money transfer business routinely utilizes digital assets to generate liquidity in fiat currencies for our disbursement agents as part of our transaction settlement process,» said Alfredo O'Hagan, senior vice president of IDT's consumer payments business.

The prototype comes with BitPesa built in as a third - party service that will enable the recipient to obtain their funds in a fiat currency of their choice.

To do so would either create massive hyperinflation (devaluation) of our current fiat currency, massive swings (politically rather than market driven) in the price of the metal, or create such a high conversion rate as to be nearly meaningless.

However, the increasing price of Bitcoin relative to traditional fiat currencies such as the Dollar and Euro may actually inhibit adoption by the general public.

You can be legally seen as a tax cheat if you don't submit for taxation any swap of goods, whether you use fiat currency or not.

A population that has learned the value of owning and become adept at trading physical gold would prevent central banks from continuing to use fiat currencies as economic, political and societal control mechanisms.

The U.S. Treasury recently declared that any entity engaged in the exchange of virtual currency for fiat currency must register as a currency exchange and take steps to prevent money laundering.

Not only this, but the regulatory agency has also stated that in the country of Columbia, the only medium of exchange that is deemed as legal consists of the country's fiat currency, issued by the Bank of the Republic.

Both crypto currency as well as fiat wallets can be accessible with the help of this debit card.It facilitates the cash withdrawal from ATM machines all across the globe at any instant of time.

2017 was the year of cryptocurrencies as interest in the global monetary system started to move from fiat currencies to crypto.

About the author: JS Kim is the Managing Director and Founder of SmartKnowledgeU, a fiercely independent research, consulting and education firm that focuses on gold and silver asset investment strategies as a means of countering the damaging effects of rapidly devaluing fiat currencies worldwide and price - distorted stock market and asset bubbles created by Central Bankers.

Though the US dollar has remained the strongest fiat currency in a pool of rapidly devaluing fiat currencies over the past two years, if one calculates the declining purchasing power of the US dollar in the past couple of decades when using real rates of inflation inside the US (versus the bogus rates produced by federal entities), then one can easily reach the conclusion that the US dollar has crashed as well.

Some wallets have other features, such as checking live exchange rates to your fiat currency of choice or maintaining various coin balances from different blockchains, but we'll cover these in later sections.

This wouldn't be the first time US Dollar led woes have happened, and much like the 1970's, Peter Schiff sees gold as being a good place to store value in a time of fiat currency led chaos.

Analysts believe that investors are gradually beginning to pay more attention to these assets since they are unrelated to a country's economy — unlike fiat currencies and other traditional forms of money exchange, which are extremely vulnerable to internal and external economic shocks — leading to the popularity of cryptos such as bitcoin and a few others.

When I first discovered bitcoin five years ago, I pitched it to my physics colleagues as a way to end the tyranny of banks, fiat currencies, and governments and finally bring about a world of anarchy.

If one takes a few minutes to really think about the medium that we accept as money today, fiat currencies made out of cotton fiber backed by nothing except militaries, murder, death, and threats of murder and death, then one should easily conclude that fiat currencies literally have no intrinsic worth.

There is growing sentiment that our fiat currency system should be replaced with a hard anchor, such as the gold or silver standards in place in much of the world over the two centuries preceding gold's abandonment by the United States in 1971.

As there are very few exchanges that accept fiat currency directly, most of the XMR purchases are conducted with Bitcoin.

Presumably with the way in which the Abra smart contracts work mean that in future you might be able to transfer to other stores of value (thinking specifically of precious metals such as gold or silver) in order to hedge both crypto and fiat currency risk?

By holding your funds in fiat, you can minimize the volatility of your balance, as fiat currencies are generally less volatile than cryptocurrencies.

I agree with about 99 % of what he said but I do take issue with the idea that when the dollar collapses, other equally leveraged and manipulated fiat currencies will not fall as well.

Regardless of all that, the Euro is just a fiat currency, same as the Dollar, and they are wearing out their printing press just as we are (if only in creative ways).

You can use Abra at any time where you intend to buy, hold, sell, send, and receive bitcoin or any of the 50 + fiat currencies available through the Abra app (a fiat currency is a government - issued currency, such as US dollars or Euros).

Regulatory oversight of custodial exchange corporations is productive, as it protects consumers when their virtual (and fiat) currency is in the possession of the exchange.

Bitcoin can exist on its own, but the value of this cryptocurrency is that you can exchange it into fiat currencies, such as USD or EUR.

Whenever uncertainty hits a region or particular market, fiat currency users often revert to gold as a means of securing their wealth, just as cryptocurrency enthusiasts turn to the perceived stability of bitcoin.

It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes.

On other note, you can actually reduce your risks with cryptocurrency pairs as well, and get exposure only to the relative performance of two coins, and remove the generally huge volatility of coins versus fiat currencies, like Ethereum's swings against the Dollar on the chart above

With Abra enabling people to convert to and from fiat currency and bitcoin as well as with Abra's underlying technology making use of bitcoin under the hood, will we be expecting any service disruption on August 1st with Abra (noting that there might be a potential disruption with the bitcoin network at that time)?

As people lose faith in the ability of central bankers to maintain the value of their product, which is fiat currency, they will demand that more interest is paid when they hold debt instruments that are denominated in a depreciating currency.

Bill Barhydt is the CEO of Abra, which is a «crypto bank» built on a system of Bitcoin and Litecoin smart contracts that allows users to hold pretty much any fiat currency as digital cash on their smartphones.

On the other hand, Stellar allows individuals to trade money directly with one another using XLM as the medium of exchange, and «anchors» to handle the aspects of fiat currency.

'' built on a system of Bitcoin and Litecoin smart contracts that allows users to hold pretty much any fiat currency as digital cash on their smartphones.

Trading cryptocurrencies works exactly the same, but instead of selling and buying fiat currencies, such as euros or US dollars, traders buy and sell cryptocurrencies, such as bitcoin, Ether (ETH) or Litecoin.

People use it for standard blockchain - related procedures, such as lifting a smart contract, but it also has the capability, technologically speaking, of being used as currency, in the way of fiat money.

And while thousands of companies — again, mostly small ones — accept bitcoin or other cryptocurrencies as payment, uptake has yet to threaten the options of cash, credit cards or traditional online payments in fiat currencies.

The cash raised by the sale of the tokens, at a face value of 10 cents in fiat currency, will be used to expand GBX's and GSX's FinTech capabilities as well as doubling or trebling current staff levels.