Sentences with phrase «serve as a currency»

Consequently, at this stage, it is a purely speculative asset and can not serve as a currency until price stability solidifies.

So one of the casualties of easing credit fears is likely to be weakness in the U.S. dollar, and a concurrent strengthening in commodities - particularly precious metals, which serve as a currency substitute.

All save a handful of commercial banks today are, in contrast, able to supply deposits only, so that only base money itself can serve as currency, that is, circulating money.

It was revered by the Mayans to such an extent that the cacao beans served as a currency for centuries, and the drink was used in religious rituals, and marriage ceremonies.

Glass beads, filling a clay cup found in southern India, served as currency along some maritime and inland routes associated with the Indian Ocean trade network.

When Lila Moore inherits her grandfather's house, she finds herself in a small Midwestern town where margarine is never an acceptable substitution for butter, a coveted family recipe can serve as currency, and the friend who will take your darkest secrets to the grave will still never give you the secret to her prize - winning begonias.

Gold has a large number of characteristics that make it an ideal currency, and of all the elements available it is perhaps the best physical element to serve as a currency.

So if you're a regular customer at one of these stores / restaurants, the giftcards can serve as your currency... bought at a grocery store, and earning you a bonus rebate (3 - 5 % with a g / g / d card), whereas using your g / g / d card directly at these businesses will likely only get you 1 %.

It's a personal travelogue in which LP's «shiny blue business cards» (and a packet of 50 ecstasy pills) serve as currency.

Coins serve as currency to buy items (or, after the end of the game, the rare Pixl Tiptron).

Finally, blue souls serve as the currency for the game, which War can trade for upgrades, consumables, and new combo moves.

The name selection is a notable one, given that Atari had previously created an Atari Token to serve as a currency for making in - game purchases.

While Bitcoin offers enormous advantages for international settlement due to its speed and low cost compared to legacy money transfer services, order - book depth and liquidity can not yet support very large trades; therefore, bitcoin can not yet serve as a currency of international trade settlement across the world's financial markets.

It was created to serve as a currency, but in recent months and years it has worked as a store of value.

Not exact matches

In a leaked white paper, Telegram described plans to raise a large amount of money by selling a currency called «Gram,» which would serve as a payment companion to its messaging service.

He also served as President of Commerzbank Futures during the introduction of the Euro currency and oversaw the transition from D - mark to Euro.

«This case, the first of its kind, should serve as a warning to those looking to make a quick buck with unsecured currency.»

if the dollar is to serve as the world's reserve currency the u.s. must unavoidably run trade deficits.

The uptrend in US interest rates, wide swings in global currency markets and greater price dispersion across individual securities and asset classes could serve as powerful tailwinds for hedge - fund strategy managers looking to capture alpha.

«When tied to virtual currencies, this technology aims to serve as a new store of value, facilitate secure payments, enable asset transfers, and power new applications.»

The bill arose out of a desire to insure that Hawaii's tourism industry has the ability to serve tourists who prefer to use virtual currency: «A large portion of Hawaii's tourism market comes from Asia where the use of bitcoin as a virtual currency is expanding.

As one of the first pieces of major regulatory frameworks encompassing digital currencies and their associated technologies, BitLicense will likely serve as a template for regulators across the U.As one of the first pieces of major regulatory frameworks encompassing digital currencies and their associated technologies, BitLicense will likely serve as a template for regulators across the U.as a template for regulators across the U.S.

He also will serve as senior advisor to MIT's Media Lab, which will include working with the Lab's digital currency initiative and a project on the ethics and governance of artificial intelligence.

In comments delivered toward the end of 2017, Skorobogatova suggested that, in addition to building a payments network across the EAEU, Russia might consider participating in the development of a digital currency that would serve the union as a whole.

The peggable assets also serve as a new way for its people to trade those currencies and commodities, by creating digital version pegged to bitcoin people are able to send and receive those assets over the blockchain.

He said most virtual currencies have public ledgers which, when combined with know - your - customer guidelines, could serve as anti-money laundering controls.

These new virtual currencies have generally been designed to serve as the internal payment mechanisms on new software the entrepreneurs are building.

The RTI — calculated by Crypto Facilities — is sourced in the same manner as the BRR, however, data is sampled from major exchanges (Bitfinex, Bitstamp, Coinbase, Genesis Global Trading, itBit, Kraken) every second and aggregated into one giant order book that will serve as an indicator of global supply / demand for the digital currency.

If so, then these needs to be traded on the open stock markets & accepted as payment just as a US Dollar for services, debts and any other purpose that the currency serves as.

For much of my career I pretty much accepted the consensus, but as I started to think more seriously about the components of the balance of payments, I realized that when Keynes at Bretton Woods argued for a hybrid currency (which he called «bancor») to serve as the global reserve currency, and not the US dollar, he wasn't only expressing his dismay about the transfer of international status from Britain to the US.

«Price volatility does impact the ability of users to feel confident in using it as a currency,» concedes Ryan Taylor, chief executive of the Dash core team that serves the Dash network.

In his time in the digital currency space, Lee also served as the Director of Engineering at Coinbase.

Prior to joining Allianz Global Investors in 2013, he served as a Portfolio manager and currency specialist at PIMCO from 2005.

The security firm said that users had been duped, mistakenly downloading malicious software that then «used their processing power to mine currency, or serve as a backdoor for attackers to remotely control a machine.»

The polities that the ECCB serves, Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines, are collectively known as the Eastern Caribbean Currency Union (ECCU).

The way OneBit works is as follows: the app will serve as a mobile Bitcoin wallet, which can convert to fiat currency on the fly — at the best rate available — and lets users pay for goods and services wherever NFC payments are possible.

The document differentiates between public and permissioned blockchain platforms, noting that those systems operating with permissioned protocols «do not necessarily involve a virtual currency that may serve as the economic incentive for miner or validator participation in public networks.»

A crypto currency is an alternative currency that is designed to serve as a means of exchange between people and businesses that are willing to accept them.

The Rock Token (RKT) is the currency of choice for transactions, listings and a multitude of functions, serving as the medium of exchange and the utility coin that powers the GBX - GSX ecosystem.

Albeit in footnotes, but perhaps most significantly, the Coinflip case put the CFTC on record as concluding that Bitcoin, while a commodity, is not a currency.6 In summarizing the facts of the case, the CFTC explained that Bitcoin is «distinct from «real currencies»» of the United States or another country.7 In addition, the CFTC Order in the Coinflip settlement specifically noted that the Bitcoin options were not eligible for the CFTC's «trade option exemption» in CFTC Rule 32.3.8 Since the CFTC's trade option exemption can only be claimed for an option that would result in delivery of an «exempt» or agricultural commodity, this violation in effect serves as the CFTC's finding that it will not treat Bitcoin as a currency.

The United Nations officially recognizes 180 currencies worldwide and outside of reserve currencies none of these compete with one another for market share, as they each serve their own purpose in their respective jurisdictions.

The story serves as a reflection of how vital digital currency wallets have become for the industry, and how competitive the landscape is today.

He serves as a board director / observer at Currency Cloud, iovation, Matillion, Retail Solutions, Scytl and Wandera.

For nearly a century, the U.S. dollar has served as the world's premier reserve currency, but the future is uncertain.

These reserves serve two functions, 1) as backing for the interbank settlements system and 2) to buy cash (legal tender money / currency) from the Fed.

Last month an altcoin called auroracoin was distributed to the people of Iceland to serve as a nation - specific digital currency.

As pointed out above, it rather serves a role as an exchange currency to bring in other amino acidAs pointed out above, it rather serves a role as an exchange currency to bring in other amino acidas an exchange currency to bring in other amino acids.

Salt has been recognized as a precious commodity throughout human history, even serving as a form of legal currency.

The cryptographic token issued from the ICO will serve as a community currency in the Viola marketplace.

Here, the memory of the living serves as both a kind of currency as well as a life source.