Sentences with phrase «used as a digital currency»

Similar to Bitcoin, Litecoin is a peer - to - peer transaction platform designed to be used as a digital currency.

Like Bitcoin, Dash is meant to be used as a digital currency but has some added values such as much faster transaction times and lower fees.

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.

Along with his friends, Lawrence Diao and Josh Chen, Al - Naji began working on a digital currency that used the blockchain as a form of monetary regulation.

As alarm grows that the digital currency is being used by money - launderers, drug traffickers and terrorists.

Silk Road 2.0 provided an online bazaar where users across the world could buy and sell drugs, computer hacking tools and other illicit items, using the digital currency Bitcoin as payment, authorities said.

«In uses that involve a financial transaction, it makes sense to use bitcoin or some other digital currency for the same reason — by doing so, transactions can be automated and guaranteed without recourse to third parties, such as a bank.»

And unlike Periscope or Meerkat, it already has a monetization model in place: As opposed to ads, users can tip their favorite broadcasters using a digital currency — of which the company takes a 30 percent cut.

Although the use of crypto - currencies puts a new spin on it, the history of micropayments for content is littered with failures, including a litany of strange - sounding digital would - be payment systems such as Beenz and Flooz.

As the value of the digital currency has climbed, so has the amount of energy needed to keep this online economy running, which now exceeds the energy use of 159 individual countries, according to one controversial estimate.

The two announcements also acknowledge that «the function of digital tokens has evolved beyond a virtual currency» and point out use cases, such as representation of ownership or a security interest over a token seller's assets or property, or a debt owed by the seller.

The bank official described state - issued cryptocurrency as another possible solution to this problem, opining that, «Central banks around the world are examining (the use of digital currencies) so we should as well.»

Bitcoin: I no longer think it can be defined as a digital currency, but instead as a digital asset we can use to increase the value of our money.

Digital currencies such as bitcoin are issued and usually controlled by its developers, and are used by members of virtual communities.

Bank of England governor Mark Carney said this week that the G20 needed to consider how easily digital coins should be converted into other central - bank issued currencies, as well as the role of anonymity, as «a lot of the underlying use of these currencies has been illicit activity».

For advocates of bitcoin and the other cryptocurrencies surging in value, the gold may be in the shares of the companies that produce the computer processors and chips used to create the digital currencies in the process that's become known as mining.

While the benefits of distributed ledgers have been much discussed, Bain concluded that actual tools using blockchain for international payments and trade finance remain in their early stages as banks remain challenged by scaling the technology, along with uncertainties surrounding digital currencies and privacy issues.

Yet, the facts, as laid down in his own Treasury's report had stressed that «risks of digital currency used for money laundering to be relatively low».

At only two pages, the concise bill is not very substantive, save for a brief classification of «virtual currency» as «any type of digital representation of value that; 1) Is used as a medium of exchange, unit of account or store or value; and 2) Is not recognized as legal tender by the United States government.»

While «bit» hints at the currency's digital nature, «coin» appropriately captures how the computational instrument is actually used by society — as a currency.

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.

It has also partnered with a Venezuelan - based digital currency exchange to help boost its use as an everyday currency — while Venezuela's national currency continues to lose value.

The memo explained that all cryptocurrency purchases had been stopped as of March 28, and that users would no longer be allowed to use credit or debit cards — either business or personal — to purchase digital currencies on popular exchanges.

Following the cabinet approval of the revised Settlement Act on March 4, 2016, the Japanese government expects a further increase in the use of digital currency and already has plans to regulate bitcoin as a currency.

Basis is not the only company working to develop a stable cryptocurrency for individuals and institutions looking to use digital currency as easily as they do fiat currencies.

currency is any type of digital unit that is used as a medium of exchange that does not have all the

The Financial Industry Regulatory Authority (FINRA) also recently issued an Investor Alert cautioning investors about the risks of buying and using digital currency such as Bitcoin.

The word «crypto» in the phrase «cryptocurrency» is used because every single transaction involving digital currencies is completely encrypted for security purposes; this process is known as cryptography.

However, it is mandatory for law enforcement agencies to continue their pursuit towards finding digital criminals, and cleaning the bitcoin market, as an effort of making the digital currency be used for its true purpose: decentralized global payments.

Amidst growing fear of Bitcoin and other digital currencies being used for illegal purposes, such as money laundering, the Europol has recently set up a group meant to combat the process with the help of bitcoin.

The Sapphire Coin will be released as a new crypto - currency token for global use and published into several selected digital exchanges.

Using cryptocurrency, is also extremely safer than real currency, as cryptocurrency, is 100 percent digital, so it eliminates the risks of being stolen in robberies or other relating crime that occurs in these countries.

In the meanwhile, we remain committed to being the bridge people use to cross to get to the future of finance, helping people switch between local and digital currencies, and make the entire process as simple as possible.

As digital currencies emerge, therefore, the preference for decentralised payment systems would ostensibly render the use of a banking intermediary redundant, which raises pertinent questions regarding the role — or lack thereof — of central banks.

After the boom and bust and boom of bitcoin, the next hot topic in the world of cryptocurrency is initial coin offerings (ICOs), an innovative form of crowdfunding that uses digital currencies as the investing mechanism for startups to raise capital.

At the time, the IRS said profits and losses on digital currency would be treated as capital gains when the currency is being used as a capital asset.

We've chosen ether and fiat currencies as the first digital assets that we will enable using this new model.

So, that is, accepting the digital currency today is completely legal; this means MonaCoin and other cryptos can be used as a medium of payment in businesses, stores, or restaurants.

Here is Luno's position (and actions) regarding three areas of interest: Using digital currencies as payment mechanism Owning digital currencies like Bitcoin and Ethereum Buying, selling and trading digital currencies...

Abra as an exchange: If I don't use a teller but instead buy digital currency through a bank transfer or debit card, then I am not buying digital currency from Abra?

According to the EP, the amendments to the crypto regulation are meant to further address the risks associated to digital currencies, such as ending anonymity, and ensuring that digital funds aren't being used for money laundering purposes.

10 — In comparison with other digital currencies using masternodes, such as DASH, PIVX has had a consistently higher level of profitability percentage.

According to the FSA, it is difficult, «if not impossible,» to identify those who use digital currencies such as Monero.

I thought it was noticeable that only 22 % of the Citigate survey panel thought there would be a dramatic increase in the use of digital currencies as payment or money transfer methods over the next five years.

If you're aren't completely sure, according to the English dictionary, a cryptocurrency is a form of digital currency, which can be used as actual funds.

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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.

Corion Coin is the first and only altcoin with consistent profit and stable price that's meant for day to day use as a global digital currency.

As well as bitcoin, Go Bit Go supports litecoin, novacoin, teracoin and other digital currencies using live data from BTC - E, Mt. Gox and VircureAs well as bitcoin, Go Bit Go supports litecoin, novacoin, teracoin and other digital currencies using live data from BTC - E, Mt. Gox and Vircureas bitcoin, Go Bit Go supports litecoin, novacoin, teracoin and other digital currencies using live data from BTC - E, Mt. Gox and Vircurex.

If you have been involved in the bitcoin market, then chances are that you've heard of Bitcoin Pizza Day, a celebration of the time when Laszlo Hanyecz purchased two pizzas with 10,000 BTC, in order to prove that the digital currency can be used as a means of value.