Sentences with phrase «traditional fiat money»

The commission charged for transfer of cryptocurrencies is cheaper than traditional fiat money transfer methods.

I don't buy into every new startup trend, and I don't believe cryptocurrencies will replace traditional fiat money.

In traditional fiat money systems, governments simply print more money when they need to.

Armed with more users, Ver reasons, the price of bitcoin would increase, thereby liberating more people from traditional fiat monies.

The most diffucult part is to convert traditional fiat money to cryptocurrency, and then exchanging bitcoins to other altcoins is relatively easy.

In an exclusive interview with Bitcoinist, Mr. Brandon from Cryptonit, an organization that promises to offer the most secure platform to trade traditional fiat money such as USD and EUR for cryptocurrencies like Bitcoin, litecoin, Peercoin, Namecoin, etc. says that they are going to launch anonymous debit cards by the end of 2015.

This is often accomplished without the users knowing that anything other than traditional fiat money is being used.

Further on April 3 the PBOC's director general of financial research, Sun Guofeng, explains that traditional fiat money has adverse effects on the economy's interest rates and a PBOC issued cryptocurrency would bolster interest rate measures.

The first bill, HB 70, defines utility tokens as neither traditional fiat money nor securities, which may give startups more leeway in ICO fundraising.

If passed, this could make it possible to pay taxes in cryptocurrency rather than traditional fiat money.