Sentences with phrase «served as a medium of exchange»

«I believe it is important to separate the idea of cryptocurrencies, whose main purpose is only to serve as a medium of exchange or a store of value, from the proliferation of «tokens» generally,» he declared.

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.

Historically, it has served as a medium of exchange and a store of wealth.

The AMZN Token will serve as a medium of exchange on any Amazon platform, while also unlocking additional utility (benefits) that fiat currency can not.

Coin - Traditionally, the term «coin» has referred to small, flat, round piece of metal or plastic that serves as a medium of exchange and / or legal tender.

In his statement, he noted: A currency serves as a predictable store of value, and serves as a medium of exchange that's pretty stable in value as well — bitcoin isn't there yet, they're still trying to find stability so

Not exact matches

While decentralised digital currencies have served as an excellent speculative asset, the same can not be said for their use as a medium of exchange, store of value or unit of account.

In it, Ravikant describes how cryptocurrency could serve not only as an alternative store of value and medium of exchange, but also as a way startups could raise money without jumping through the usual hoops.

VIT has an advantage over cryptocurrencies such as bitcoin because it serves as both as a medium of exchange and as a tool for capturing viewer engagement data in a single token, according to a white paper on the token's website.

The first function of a currency is to serve as a stable medium of exchange, and experience today with various crypto assets in circulation are not at all satisfactory in this regard.