Sentences with phrase «use as an alternative currency»

Not exact matches

This is probably the most common use of digital currency for individuals and non-professionals: as an alternative, risky, potentially very rewarding sort of asset class.

It's being billed as the first mainstream service allowing consumers to buy and sell bitcoin, the virtual currency used as an alternative to traditional money systems.

Some have advocated using Bitcoin as an alternative to inflationary fiat currency.

With a nod to Ripple and the nascent partnership with MoneyGram, Holmes focused on two areas as a near - term roadmap for using alternative currencies and DLT to solve MoneyGram's real business problems.

[Moammar Gadhafi] initiated a movement to refuse the dollar and the euro, and named on Arab and African nations to use a new currency as an alternative, the gold dinar.

Also, the awareness that astronomical gains don't continue forever doesn't mean that bitcoin won't last as a digital currency and as an alternative to using dollars and other currencies to make purchases.

We can also see the value in the use of Bitcoin (and other crypto currencies) as an alternative to traditional currencies, particularly in countries or markets where there is little faith in the stability of the currency or where there are significant transactional restrictions in place.

In a November speech, Bank of Canada Senior Deputy Governor Carolyn Wilkins warned, «As we think about alternative futures, we have to envision a world in which people mostly use e-money, perhaps even one that's not denominated in a national currency, such as Bitcoin», adding that «If we don't start now to find new approaches to handle these and other alternative futures, we won't be prepared for whatever comes our way»As we think about alternative futures, we have to envision a world in which people mostly use e-money, perhaps even one that's not denominated in a national currency, such as Bitcoin», adding that «If we don't start now to find new approaches to handle these and other alternative futures, we won't be prepared for whatever comes our way»as Bitcoin», adding that «If we don't start now to find new approaches to handle these and other alternative futures, we won't be prepared for whatever comes our way».

On the political front, «Denominating oil contracts in yuan would promote the use of China's currency in global trade, one of the country's key long - term goals as an alternative to the dollar — making this even more appealing to sanctions - threatened countries relying on the dollar,» Ramady wrote in The National.

Both metals, which were used as currency in the previous centuries, have now become investment vehicles, presenting as worthy alternatives to stocks and bonds.

Theoretical introduction to digital currencies: This will include the history of digital currencies, the invention of decentralized consensus through proof - of - work, and a technical overview of cryptographic currencies such as Bitcoin, as well as alternative / advanced uses of the blockchain.

According to the Cambridge Center for Alternative Finance, 75 % of US consumers who owned cryptocurrencies in 2016 used those currencies for payments within a 12 - month period, unique active users of cryptocurrency wallets numbered between 2.9 and 5.8 million in 2017, and 48 % of Coinbase users use Bitcoin as a «transactional medium» — defined as making one payment per year.

In his comments at the Women's Economic Roundtable the other day, Paul Volcker mentioned an alternative exchange rate system he was working on twenty - five years ago, having to do with, as I understood it, using reserves that grow too big to trigger currency revaluations.

Have a backup plan: Some ATMs limit your access to a primary checking account, so have an alternative means of making purchases such as using foreign currency, traveler's cheques or a debit card.

We want to use our miles as an alternative currency to cash anywhere we can get good value.

Adjust the form as necessary if alternatives to hourly billing are used, if revenue is generated in non-dollar currencies, etc..

As we saw above, any attempts to do so will rely upon Bitcoin's value as an independent currency, making any alternative uses mere extensions of Bitcoin's primary use rather than replacementAs we saw above, any attempts to do so will rely upon Bitcoin's value as an independent currency, making any alternative uses mere extensions of Bitcoin's primary use rather than replacementas an independent currency, making any alternative uses mere extensions of Bitcoin's primary use rather than replacements.

Later, virtual currencies evolved to be used as an alternative to real currency.»

The new law defines virtual currencies as «asset - like values,» allowing digital money to be used not only to buy goods and services but also as an alternative for legal tender through purchases and trades.

A Stablecoin such as USDY can also be used as an alternative to fiat currency in the exchange of goods.

Yes, alternative digital currencies exist, but they have roughly zero non-speculative use cases and they're often viewed as nothing more than testnets for Bitcoin.

On the forum, you can guide them on the basics and benefits of using bitcoin over fiat currency and as a new alternative investment asset class.

Long term goals include implementing innovative solutions like gross - domestic - product (GDP) linked currencies and the use of equity traded funds as alternative money.

«So - called virtual currencies (cryptocurrencies such as Bitcoin) are considered equal to the legal means of payment, as long as these so - called virtual currencies have been accepted as alternative and contractual means of payment by the parties involved in the transaction and have no other purpose than being used as a means of payment.»

With bitcoin drifting back toward its all - time high and interest in virtual currency growing — both as a store of value and as a means of speculation — traders have little alternative but to use current centralized exchanges that have always proven a point of weakness in the bitcoin ecosystem.

Formerly known as RaiBlocks, Nano uses a hybrid of blockchain and directed acyclic graph (DAG) technology and aims to offer an efficient and viable alternative to fiat currency.

«This bill makes clarifying changes to current law to ensure that various forms of alternative currency such as digital currency, points, coupons, or other objects of monetary value do not violate the law when those methods are used for the purchase of goods and services or the transmission of payments.»