Sentences with phrase «traditional fiat payments»

Additionally, he said, all BitPay merchants currently accepting traditional fiat payments via compatible Ingenico terminals can now also accept payments in bitcoin.

Not exact matches

And while thousands of companies — again, mostly small ones — accept bitcoin or other cryptocurrencies as payment, uptake has yet to threaten the options of cash, credit cards or traditional online payments in fiat currencies.

FuzeX's ability to integrate cryptoassets and fiat currencies has the potential to create a new payment solution, linking blockchain assets and traditional financing, and driving much - needed interoperability.»

• the advantages of Bitcoin over traditional fiat currency and payment methods • why the newer Bitcoin Cash presents the better path to being «peer - to - peer electronic cash» • what steps need to be taken to achieve global adoption

«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.

(It's important to note that Ripple's digital payment network, unlike bitcoin, does not only transmit its native digital currency, but can also be used to move traditional fiat currencies back and forth.)

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.

What helped the most was the fact that the vendors who received Litecoin payments received the money in actual traditional fiat currencies.

However, to access these more established cryptocurrencies using the more traditional fiat currencies, interfaces provided by payment gateways must be applied.

In cross-border transactions involving multiple currencies, the exchange of fiat currency to Lumen and vice-versa allows consumers and businesses to send and receive money across borders, faster and cheaper than traditional payment services.

Will cryptocurrencies replace traditional fiat currencies as a viable means of payment?

After first launching a mobile payment platform in 2013 that let users send and receive bitcoin as well as traditional fiat currencies, it discontinued bitcoin transfers in December 2016.