Sentences with phrase «serve as means of exchange»

They can also serve as means of exchange and storage of value.

A currency fulfills three well - defined purposes: to serve as a means of exchange, store of value, and unit of account.

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 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.

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.