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.
In my last post in this series, I observed that an economy's «base» money serves as the «raw material» that commercial banks and other private - market financial intermediaries employ in «producing» deposits of various kinds that can
themselves serve as means of exchange.
A currency fulfills three well - defined purposes: to
serve as a means of exchange, store of value, and unit of account.
They can also
serve as means of exchange and storage of value.
Not exact matches
Both money proper and money substitutes
serve as generally accepted
means of exchange.
The gallery is set apart by its focus: beyond merely acting
as a
means of showing work, the gallery
serves as a nexus point where students, faculty, practicing artists, and other members
of the community can take part in an intellectual, cultural and creative
exchange.
This platform only supports the purchase
of 4 coins (Bitcoin, Bitcoin Cash, Ether, and Litecoin) and is not
meant to
serve as an
exchange.
The advent
of bitFlyer's bitcoin Visa prepaid card may signal a turning point in the East Asian bitcoin community: until now, cryptocurrency in East Asia has
served less
as a
means of exchange and more
as a trading asset,
as previously reported by Bank Innovation.
The SMARTRealty system also offers RLTY tokens which
serve as the main
means of exchange on the platform.
That
means companies like Coinbase or Gemini, which
serve as marketplaces and
exchanges for virtual currencies, and advertisers promoting an ICO or encouraging the purchase
of a particular cryptocurrency, are effectively shut out
of 70 percent
of the world's digital ad market.