Sentences with phrase «suited as payment systems»

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.»