Sentences with phrase «suited as a payment system»

But today, Srinivasan said, there are competitors in the cryptocurrency transaction market that would be better suited as payment systems.

Not exact matches

For highly sensitive transactions — Bitcoin exchanges or major ecommerce payment systems — it already is the norm, and he forecasts that mainstream sites will gradually follow suit, first by adding an optional two - step model and then, as consumers adopt, making it a mandatory requirement.

We believe we should not limit our payment system only to one - time payments, even though this is not something that we can announce as a general principle because different payment systems suit different kinds of software.

Bitcoin adoption continues as mainstream media report on the cryptocurrency daily and since Japan made bitcoin a legal payment system on 1 April 2017, the bitcoin price has been soaring as well as causing a domino effect with other countries making plans to follow suit.

According to the governor, this currency will be developed to suit the needs of China as a country by bringing «convenience, rapidity, and low cost in a retail payment system while taking into account security and protection of privacy.»