Sentences with phrase «services as a medium of exchange»

Companies can sell those tokens to investors to raise money or allow customers to use them on their sites and services as a medium of exchange.

Not exact matches

As long as people have trust that they can exchange it for goods and services, then it just becomes another medium of exchangAs long as people have trust that they can exchange it for goods and services, then it just becomes another medium of exchangas people have trust that they can exchange it for goods and services, then it just becomes another medium of exchange.

In November 2016, the IDFPR published its request for comments on its proposed «Digital Currency Regulatory Guidance,» which defined digital currencies as «an electronic medium of exchange used to purchase goods and services.»

To accomplish that, the bill adds a definition of virtual currency to the state's money services statute (8 V.S.A. § 2500 et seq.): «stored value that (A) can be a medium of exchange, a unit of account, or a store of value; (B) has an equivalent value in money or acts as a substitute for money; (C) may be centralized or decentralized; and (D) can be exchanged for money or other convertible virtual currency.»

Money is a medium which can be exchanged for goods and services and is used as a measure of their value in the market.

Today, we use the system of «fiat money» which says that currency is intrinsically worth only the paper it is printed on is is used only as a medium of exchange for the supply and demand of goods and services in an economy, including precious metals like gold and silver, with the value of money allowed to fluctuate based on market forces.

To accomplish that, the bill adds a definition of virtual currency to the state's money services statute (8 V.S.A. § 2500 et seq.): «stored value that (A) can be a medium of exchange, a unit of account, or a store of value; (B) has an equivalent value in money or acts as a substitute for money; (C) may be centralized or decentralized; and (D) can be exchanged for money or other convertible virtual currency.»

Rock (RKT) tokens issued by GBX will be used primarily as a medium of exchange on the platform and will also be used for early access to designated token sales, listing and sponsorship fees, as grants from the Blockchain Initiative Center, and as payment for any services rendered by GBX in preparing teams for token sales or listings.

Bitcoin, unlike Bitcoin Cash, has an established history as a medium of exchange, being used to buy goods and services from a well - established network of merchants.

His central thesis relies on the basic premise of ANY medium of exchange: it only works as long as people will accept it for goods and services.

In the announcement ADGM acknowledges the global demand for digital currencies, stating that «virtual currencies, although not legal tender, are gaining interests globally as a medium of exchange for goods and services.»

Only hobbyists are using cryptocurrencies as a medium of exchange, at least for conventional transactions for goods and services.

The Abu Dhabi Global Market acknowledges the global demand for digital currencies, stating that: «virtual currencies, although not legal tender, are gaining interests globally as a medium of exchange for goods and services.»