Sentences with phrase «subtracting conventional banking»

Because these contracts are automated, instantaneous, and executed with assets already represented in the Bitcoin blockchain, Middleton says they eliminate counterparty risk while also subtracting conventional banking and brokerage fees.

Not exact matches

In this chart, for the original rates, I used the Bank of Canada's average five - year posted conventional mortgage rate for the appropriate month and year, and subtracted 1.42 %, which a recent Bank of Canada report indicated is the long - term historical average discount offered on posted rates.