Sentences with phrase «replace traditional fiat currencies»

Will cryptocurrencies replace traditional fiat currencies as a viable means of payment?

Similarly, Mark Carney, emphasized the virtual currency have no capability of replacing the traditional fiat currencies.

Not exact matches

Bitcoin is what's known as a «cryptocurrency», a digital asset designed to replace and usurp traditional fiat currency.

It may not replace fiat currencies, just as unlawful file - sharing has not killed off lawful distribution, but it may persist as a viable alternative and, by doing so, force change in the way its traditional predecessors function.

«Digital fiat currency would certainly be influenced by [the] existing payment system and information technologies, but it should be distinguished from [the] current payment system so as to focus on service delivery and play its role in replacing traditional currency.

For a digital fiat currency (DFC) to show vitality and supplement or even replace traditional currency, it has to be user friendly and well received by the public.