"To accept the currency" means that someone is willing to use or receive a particular form of money as a means of payment for goods or services.
Full definition
This is something most companies are aware of, and if they want to keep up they might be forced to start
accepting the currency as well.
The dollar, the euro and the yen are the
most accepted currencies with the dollar making up 64 percent of all foreign exchange reserves.
The US dollar remains the most widely
accepted currency in the world and is seldom refused when paying on liveaboards worldwide.
As I understand it, the Chinese are trying to encourage oil sellers to
accept their currency by trading gold futures on the Shanghai Futures exchange from March 26.
Despite a recent announcement saying that Microsoft would stop accepting bitcoin payments, Microsoft confirmed that it
does accept the currency and plans on using it for the foreseeable future.
«We're making precious metals — widely seen as the most traditional, stable and
universally accepted currency — instantly transferable and readily available for members.»
Offer customers your best cash exchange rates and
actively accept currency bookings through Biz4x so you always have a steady stream of customers and revenue to grow your operations.
Now, if you're a long - term investor who doesn't trade frequently and plans to hold a few U.S. stocks or ETFs for many years, it might be
worth accepting this currency conversion cost.
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NGC Accepted Currencies: BTC, BCH, ETH, LTC, DASH, EUR, USD End Date: December 15, 2017 (23:59 CET)
Bitcoin still faces many challenges in becoming a
globally accepted currency, Bank of America Merrill Lynch's commodity and derivatives strategist Francisco Blanch said in a sweeping Monday report comparing digital currencies» growth to that of gold, silver and even salt in ancient times.
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sold Accepted currencies: BTC, ETH
Highly regarded bitcoin developer and BitGo lead engineer Jameson Lopp created a clone of the global M1 index, a metric used evaluate the money supply of a country, to observe bitcoin's ranking amongst some of the world's most widely used and
accepted currencies like the US dollar and Japanese yen.
Utilizing ShapeShift technology, the ICO is able to
accept any currency supported by the ShapeShift.io exchange, providing a wide variety of ways for people to participate in the ICO.
Finally, there is Galabi - Anat's place, a less prominent Bitcoin restaurant, but one which has nevertheless started
accepting the currency more recently.
However, investors who are willing to
accept currency risk can find several lower - cost choices among US - listed ETFs, such as the Vanguard High Dividend Yield ETF (VYM).
It's a 24 - hour organic grocery store offering 10 per cent off for those paying with Bitcoin, one of just a handful of places in New York that
accepts the currency for physical goods.
So my point is if the promise that we buy into is that Bitcoin will become a widely
accepted currency in and of itself one day, and that it will account for a huge percent of international transactions, thereby realizing its potential value, we need to also accept that the potential has not yet been realized and right now, in the midst of this euphoria, 90 % of buyers are just trying to get rich quick in dollar terms by trading it.
Furthermore, Xapo's utilization of existing credit card infrastructures will allow Bitwage debit card users to spend bitcoin at places that do
not accept the currency.
The Chinese community has been rushing into Bitcoin at breakneck speed since the first signs of adoption started appearing in April this year, with an online
store accepting the currency and a charity taking BTC in a one - time flood relief effort and receiving over $ 30000 worth of Bitcoin donations in two days.
This is extremely important because, in the case of bitcoin or ether, businesses need to make many changes to its payment process to
start accepting those currencies.
Yesterday, a Thai - based Bitcoin exchange approached the Bank of Thailand seeking the bank's approval to regulate Bitcoin as
an accepted currency.
Chen is also quite pragmatic about the benefits of
accepting a currency that is largely unregulated.
Though Bitcoin's value has been slumping recently, merchants like Overstock are not affected because
they accept the currency through a third - party payment processor, which converts the sales to dollars.
Japan just allowed Bitcoin to be used as
an accepted currency, and this event means that the computer could be on the verge of entering a new megatrend.
If
you accept currency risk then why concentrate in the US when you can just as easily buy a fund diversified across the entire world?
All the way back to the days when this commodity was
the accepted currency hundreds of years ago, it has always been the subject of investment scrutiny everywhere.