Sentences with phrase «used as a form of currency»

Rolling tobacco is available from every prison canteen and is also used as a form of currency in prisons that are supposed to be cash - free.

Exchange is not merely about education and investment, it also requires Europeans to go abroad and acquire cultural capital, which can be used as a form of currency for foreign investment.

Beads made from Olivella shells were manufactured on the Channel Islands and used as a form of currency by the Chumash.

Although gold has always been a steadfast friend of fiat currencies dating back to the Byzantine empire, gold has always been difficult to actually use as a form of currency.

Not exact matches

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.

An oddity outside China's borders less than a decade ago, the renminbi (which translates as «the People's currency») is quickly becoming one of the world's most commonly used forms of payment.

The first action that they consider is using coconuts as their form of currency — an idea that is quickly overshadowed by the notion of using seashells to represent the coconuts (clearly a jab at the idea of a federal reserve).

Some cryptocurrency traders believe that people in first world countries will look to Bitcoin as an investment where countries in Africa, people will rather see Bitcoin as a new form of currency to use daily.

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.

Similarly, earlier this week, Bank Indonesia expressed that virtual currencies, including bitcoin, are no longer recognized as a legitimate form of payment and are forbidden for use in all financial transactions.

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.

RBOptions also offers a wide selection of assets that are available to trade, these include many currencies, a variety of stocks, indices form around the world and an investor can also make trades by using commodities as their asset of choice.

This book isn't just about chocolate's Mesoamerican origins, that it was actually used as a currency (four cocoa beans for a rabbit dinner, 10 for a lady of the evening, etc.), or how modern processing has fundamentally altered its form, taste, color, antioxidant content, and uses.

The gold used as a financial backing for currency was most often held in the form of gold bars, also known as «gold bullion.»

You're also awarded a form of currency which can then be used to tweak your character such as purchasing new moves or hiring a better manage.

The game uses both credits and tokens as its form of currency.

You'll collect LEGO studs as a form of currency, but also use LEGO pieces to construct objects that'll help you progress.

There are lots of additional activities beyond completing the levels comprising of 19 races available in free play mode with participation available via droids, on foot characters or miniature representations of ships; achieving True Avenger status on every level by collecting a specific amount of LEGO studs; unlocking 205 characters; collecting 180 minikits; collecting 250 gold bricks with a variety of purposes such as collecting 10 to 60 gold bricks within The Force Awakens levels to unlock new story missions that go beyond the story of The Force Awakens; collecting 35 carbonite bricks to unlock characters; purchasing 25 red bricks to unlock a variety of extras such as a stud magnet; x2, x4, x6, x8 and x10 multipliers; disco lightsabers that change colour; a collectible detector; and much more besides for a cost ranging from 100,000 to 5,000,000 LEGO studs which are used as a form of in - game currency.

Pearls in Beyond Good & Evil are represented as a special form of currency that is used exclusively to upgrade your overworld vehicle — the hovercraft.

Shards are the form of currency in the game to buy things and are used to craft ammo as well.

Forms of value that trail viable legal claims behind them like comets are unfit for use as currency in any economy.

Another important factor is that the Mastercard blockchain only uses fiat currency, which reduces costs as there's no need to convert one form of cryptocurrency into another and then, eventually, cash.

The leading virtual currency Bitcoin is accepted as a form of payment at only a few restaurants, and several cryptocurrency exchanges allow users to use the digital currencies as payments for books or movie tickets.

With certain deals being closed using Bitcoins as a form of currency, The Ukrainian law enforcement authorities have decided to compensate a citizen in Bitcoin cryptocurrency for the moral damages caused to him.

Southeast Asian central bank, Bank Indonesia, warned in January that virtual currencies, including bitcoin, were no longer recognized as a legitimate form of payment and forbidden for use in all financial transactions.

Bitcoin has been a highly discussed new form of currency called digital currency, or «cryptocurrency,» that can be used to make transactions without a bank as a middleman.

Bitcoin is slowly gaining the tag of being a mainstream currency form which can be put to use for transferring value and is also becoming increasingly popular as a new investible asset class.

There are several different ways to get some, including asking for bitcoins as payment for your services or products, exchanging regular money in the form of your local currency (Euros, Dollars, Pesos, etc.) for bitcoins through bitcoin service providers, and mining (a process in which bitcoins are extracted and minted with the use of a bitcoin miner software).

Dogecoin has been used as a payment form in several cases: the weather forecasting website (and mobile app) Doge Weather requests tips in dogecoins to maintain its activity; a man tried to sell his house for $ 135,000 in dogecoins back in 2014; Australian porn star Angela White set up a payment system in dogecoins, allowing viewers to visit her website; and of course the internet currency has been used in gambling.The Sun - Times Media Group, which has already accepted Bitcoin payments, has reportedly planned to implement dogecoin tipping for its writers

Similarly, South East Asia's Bank Indonesia declared that virtual currencies, including bitcoin, were no longer recognized as a legitimate form of payment and are forbidden for use in all financial transactions.

Similarly, earlier this week, Bank Indonesia expressed that virtual currencies, including bitcoin, are no longer recognized as a legitimate form of payment and are forbidden for use in all financial transactions.

The bank said in its update: «These regulations do not cover «virtual currency» which is defined as any type of digital unit used as a medium of exchange, unit account, or a form of stored value.»

Payments of virtual currency required to be reported on Form 1099 - MISC should be reported using the fair market value of the virtual currency in U.S. dollars as of the date of payment.

Southeast Asian central bank, Bank Indonesia, has warned that virtual currencies, including bitcoin, are no longer recognized as a legitimate form of payment and are forbidden for use in all financial transactions.

Adding multiple cryptographic proofs like Ring Signature Confidential Transactions (RingCT) and Confidential Transaction (CT) plus trustless mechanisms like MAD escrow, Particl provides 100 percent anonymity to people who buy and sell using PART.While the Particl privacy platform and upcoming Marketplace supports most major cryptocurrencies, PART serves as its utility token.PART and Intrinsic ValueThe value of Bitcoin has risen astronomically over the past several years in part because people believe Bitcoin will one day be widely used and provide services that other forms of currency can not.

Designed to offer fast and affordable online transactions, this open - source digital currency can be used as a form of payment for goods and services, a vehicle to trade for other currencies and a way to «tip» other Internet users who create or share popular content.

Currently, cryptocurrencies are mainly used for trading and investing, however, experts believe that as the number of cryptocurrencies users rises, more and more businesses will start accepting digital currencies as payment forms.

Furthermore, businesses that have avoided using Bitcoin as a form of payment for large - scale transactions that involved terms, due to the unpredictable volatility of the currency, will now be able to guarantee the value of a transaction using futures contracts to hedges against adverse market price movements, similar to the way businesses handle international transactions.

The bill also appears recognize Bitcoin as a freedom of speech issue as the analysis explains that Community Currencies have ``... become a form of political protest as some communities that use such currency do so in protest of United States monetary policies, or large financial institutions.»

«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.»