Sentences with phrase «own means of payment»

Jack Dorsey, the chief executive of both Square and Twitter, has said that he views bitcoin as more of an investment vehicle than a means of payment.

What's more, even new, alternative currencies, as well as presumably anonymous means of payment like the Internet currency Bitcoin, rank among the targets of the American spies.

A draft law submitted to Russian parliament would designate the yet - to - be-issued cryptoruble as a legal means of payment in the country.

Moiseev and Skorobogatova reiterated the position expressed earlier by central bank head Elvira Nabiullina that cryptocurrencies should not be used nor treated as a conventional means of payment.

Russian officials have previously suggested that decentralized cryptocurrencies should not be used as a conventional means of payment and that their owners should be subjected to a value - added tax; President Vladimir Putin himself has stated that they «can not be a store of value.»

Other executives, including International Monetary Fund chief Christine Lagarde, say virtual currencies should not be dismissed and could have useful applications, such as a means of payment in countries with unstable currencies.

It found that cash remained the most frequently used means of payment in 2013, though its use had declined noticeably over the previous three years.

«In the context of the payment system, bitcoin is not a valid means of payment,» Zainal said.

Its goal is to produce banknotes that everyone can trust, both as a means of payment and a store of value.

We will adopt it, and it will make it possible to lower investors» costs,» he commented, but immediately added, «Bitcoin is a digital means of payment whose value appears to be out of control.

At the time Johnson also revealed that Fidelity had been accepting bitcoin payments in its cafeteria, but said the experiment had highlighted the technology's flaws as a means of payments.

«Something else to highlight is that Bitcoin is not only a means of payment, but also a storage of wealth — an asset class of its own.»

Meanwhile, there's little evidence to suggest that Bitcoin will ever be an efficient means of payment for ordinary goods and services.

«The possibility that the central bank's digital money will be issued in the near future is likely to become a means of payment specialized for interbank transactions or central bank transactions.»

The payment for goods realized with cryptocurrencies allows to attract those companies which prefer digital means of payment on the market of industrial goods.

Virtual currencies, he argued, are valued as highly as they are because of the «oxygen provided by the connection to standard means of payments and trading apps that link users to conventional bank accounts.»

Shipments containing cash or other means of payment, precious metals, art work, jewelry, watches, precious stones or other articles of value or securities for which, in the event of damage, no stoppage and no cancellation and replacement procedure can be carried out; for the avoidance of doubt the following valuable goods are exempted from this rule: Shipments using the Registered Mail special service, which contain stamps, telephone cards, vouchers for goods and low - value goods in these classes (e.g. fashion jewelry and promotional articles), up to an actual value of 30 Special Drawing Rights of the International Monetary Fund (SDR) per shipment, and individual tickets and entrance tickets;

As a means of payment, the early use of monetized grain and silver was mainly to settle...

That also means that private individuals are able to control and secure their own means of payment.

Additionally, equity crowdfunding sites are able to avoid payment transaction fees for the investor by offering e-check, mailing checks, wire transfer or even bitcoin payment options (we accept all those means of payment).

Bitcoin has since been adopted by several merchants as their means of payment.

Bitcoin is accepted as a means of payment for goods and services.

«At this time, the general judgment is that their volatile valuations, and inadequate investor and consumer protection, make them unsafe to rely on as a common means of payment, a stable store of value or a unit of account,» the report said.

We don't know yet whether this price volatility will stop cryptocurrencies from catching on as a commonly used means of payment.

Apart from the fact that credit card is a convenient means of payment, the other benefits you can enjoy include the ability to start building your credit.

When talking about all the benefits of PayPal that differentiate it from other means of payment, we have to mention the following:

But the Bitcoin network's inefficiencies mean nobody is using it as a means of payment, merely speculating on its price.

Bitcoin has «clear potential for growth and could become a major means of payment for online transactions,» a Bank of America analyst told CNBC.

And until our recent reforms, they did not have the power to «pass on'the merchant service fee to the customer, that is, employ the «user pays» principle by insisting that if customers use an expensive means of payment they should pay more than if they use a cheaper one.

Recognizes bitcoin as a «legal means of payment».

While this might sound somewhat similar to Bitcoin, there are major differences between the two, the main one being that Bitcoin is a decentralised currency — a store of value and a means of payment — whereas Ripple focuses on a single use case: sending money as fast as information.

Harris stated that Bitcoin is useless as a means of payment.

However, if you don't have a credit card, you can use your check as a means of payment.

between the two, the main one being that Bitcoin is a decentralised currency — a store of value and a means of payment — whereas Ripple focuses on a single use case: sending money

As a means of payment, the early use of monetized grain and silver was mainly to settle such debts.

Hence the Greek government is now ordered by the «institutions» to spend money on promoting the use of easily traceable electronic means of payment.

Even where accepted, a currency whose value can swing 10 percent or more in a single day is useless as a means of payment.

We've done some digging to find out which merchants accept Bitcoin as a means of payment in the United Kingdom.

Dollars, pounds, euros, yen and renminbi are better means of payment, stores of value and things in themselves.

The nation already is being reduced to Third World status, dependent on America and Europe for its food and even its means of payment.

For the intrepid traveler, using bitcoin as a means of payment while traveling abroad is a great way to connect with local bitcoin communities and also potentially save on transaction fees.

Plus such sales allow for convenient means of payment that are advantageous to both the consumer and also the...

Nevertheless, bitcoin is not yet in the mainstream means of payment.

It is almost impossible to use it as a means of payment.

While corporations can accept cryptocurrencies as a means of payment or value exchange, Hoffmeyer believes they have limited application for corporates, unlike blockchain technology.

It states that merchants can accept them as means of payment, should they wish, without having to comply with AML regulations — the payment - service providers hold that responsibility.

Here again, money's role as a generally accepted means of payment can be confusing, because it means that a loan is likely to consist of a loan of money.

He continued that cryptocurrencies have not yet fulfilled the three basic functions of money: means of payment, unit of account, and store of value.

Venezuela's President Maduro has ordered government services to accept cryptocurrencies as a means of payment.

It is the public itself that chooses other means of payment,» he said.