Sentences with phrase «receive fiat money»

We do not compete with those platforms for users who want to receive fiat money.

Not exact matches

The transaction works the same in the reverse: if a recipient needs or prefers to receive a payment in bitcoin, but the sender prefers to deal in fiat currency, the sender can add money to their Abra wallet using their bank account or a local Abra Teller and then send their fiat currency directly to the recipient's bitcoin address, even if the recipient does not have an Abra wallet.

Due to the nature of decentralized blockchain protocol, smart contracts, and the coins used instead of fiat money, people can exchange their tokens, buy and sell them, and receive their winnings almost instantly.

They can be used for: Participating in games (paying entry fees, receiving winnings) Buying in - game content and subscriptions P2P transfers inside the platform Investing in other players on the platform Withdrawing to crypto exchanges to get other cryptocurrencies or fiat money

It is technically possible to accomplish this much the same way as the majority of bitcoin commercial transactions work in practice: by instantly converting what the merchant receives into fiat currency, the real money still making this exchange possible.

In the Bitcoin news — Georgian Minister of Justice and other government agencies are already planning on inserting real estate documents to its Blockchain network; India - based Axis Bank will soon begin leveraging distributed ledger tech; Indonesian authorities say they have evidence that Islamic State (IS) militants are using online money services such as PayPal and bitcoin to send money to domestic operatives; Kickstarter - backed Board Game Bitcoin Empire Ships; After announcing its move away from Bitcoin to focus on international fiat transfers, Circle received harsh criticism from cryptocurrency users, who accused the company of doing a U-turn on its USP; Interest in «Bitcoin» according to Google search data shows that the the world's hedge fund capital tops all other places in the Tri-State area.

What helped the most was the fact that the vendors who received Litecoin payments received the money in actual traditional fiat currencies.

An ICO (Initial Coin Offering or Token Sale) is a type of fundraising where in exchange for money (Bitcoin, Ethereum or fiat money) investors receive tokens (coins).

If you apply for a credit card or personal loan and are approved, that credit or amount of money you receive is a form of fiat money because you're essentially using money on the basis of your creditworthiness and agreement that you'll pay back the funds — typically with interest.

If the customer pays for the hotel: with fiat money, then the hotel receives payment from the customer's card, with cryptocurrency, after that the hotel receives payment to its cryptocurrency wallet from the customer's wallet.

The fiat money can be sent directly to the credit cards of principal banks (such as Alfa - Bank, Russia or Privat24, Ukraine), to an account in an electronic system (such as Qiwi) or received in cash.

In cross-border transactions involving multiple currencies, the exchange of fiat currency to Lumen and vice-versa allows consumers and businesses to send and receive money across borders, faster and cheaper than traditional payment services.

A Russian bitcoin holder was forced to give all his fiat money, which he received from selling bitcoins to a group of criminals.

Fans who pre-order the album directly from the artist or her label One Little Indian will further receive a reward of 100 audiocoins - a cryptocurrency designed specifically for music industry - which can then be converted into other cryptocurrencies or into fiat money, the report adds.