Sentences with phrase «traditional fiat currency systems»

In traditional fiat currency systems, government simply prints more money when they need to.

KryptoMoney.com, believes that if Whats app killed the SMS market, Bitcoin will surely give a huge competition to old traditional fiat currency system.

Not exact matches

In electronic fiat currencies, this function is fulfilled by banks, which gives them control over the traditional system.

The collaborative system, called «Express Trade», will allow clients to buy and sell bitcoin for fiat currency and to keep their funds using traditional bank accounts.

«Digital fiat currency would certainly be influenced by [the] existing payment system and information technologies, but it should be distinguished from [the] current payment system so as to focus on service delivery and play its role in replacing traditional currency.

For many of those who purchased coins, cryptocurrencies represent not just a way to make money, but the future of payment systems as we know them, not to mention a way to counter what these diehards often view as an overly powerful collection of central governments with the ability to have an outsized effect on traditional fiat currencies.

Depending on how you work the math, performing a transfer in bitcoin can be more the using a fiat currency and using the traditional banking system.

In his recent report, Reid claimed that the fiat system is now in reverse and is expected to affect all the traditional currencies being used around the world.

He further noted that cryptocurrencies like bitcoin, despite the growing interest from the traditional financial industry in blockchain technology, have the potential to take over fiat currencies and operate as the global monetary system, given their open structure and decentralized systems.

Is it fair to apply a tax system designed for fiat currencies, salaries and traditional assets which can be more easily tracked, identified and far more easily recouped if stolen?

Bitcoin's system of rules differs from traditional fiat currencies as it functions on distributed computations.