Sentences with phrase «potential use of digital currencies»

The potential use of digital currencies in illegal and illicit applications is a major turn - off for established traditional banking institutions.

Not exact matches

With all of those potential security problems, you may wonder why people use digital currency.

Despite having negative opinions on digital currencies, Harker sees «tremendous potential» in the use of distributed ledger technology for risk management in the US banking sector, mainly because of its ability to authenticate transactions:

Yao's remarks align with statements made by other executives from China's central bank around its potential use of blockchain technology, including developing a state digital currency.

It has also enjoyed massive growth in its value over the last decade and as this digital currency continues to go mainstream so increases the potential uses and convenience of it.

«We believe that Oneiro will bring the potential of the cryptocurrency market into a completely new realm, as the acceptance and use of digital currencies becomes more mainstream,» said Ciaran Hynes, Managing Partner at COSIMO Ventures, in a statement.

The ECB study builds off an earlier study published in 2012, offering both a general overview of digital currencies as well as follow - up analysis on the potential benefits and risk of using so - called virtual currency schemes (VCS).

Having earned itself a strong position in the crypto sphere thanks to the many potential real - world uses for its technology, not to mention partnerships with some big players in the corporate world, Ethereum looks like a digital currency with plenty of potential.

The San Fransico - based blockchain startup Ripple has earned a lot of reputation for itself for transforming the way traditional global transactions take place using the blockchain technology and thereby establishing a potential link between digital currencies and global banking institutions.