Sentences with phrase «value as a payment system»

On top of that, Bitcoin has value as a payment system in itself, which gives it even more value.

Not only does it currently have value as a payment system, but also as an asset class (a store of wealth).

Not exact matches

Entrepreneurs in the field say that focusing on the price of Bitcoin is missing the point — its value is as proof of concept for a new kind of payment system not reliant on third parties like governments, big banks or credit - card companies.

This is a major step forward for the global financial system, and as the Ripple network grows, together we are paving the way for new connected commerce opportunities and growing demands for real - time, high volume, low value global payments.»

In this way, the value of Bitcoin comes from both its gold - like characteristics as well as its payment system abilities.

Again it was started as a peer - to - peer payment system, but right now it seems like the use case has been as a store of value rather than the payment system.

The first is a $ 25 (USD) monetary payment made via check or through a digital payment system such as PayPal, the second option is for one copy of the book (retail value of $ 19.99 each) in lieu of a monetary payment, and the third is a donation to the non-profit organization receiving donations from the proceeds of the book.

Much existing law about payments will remain in force, as many mobile apps will use the existing «rails» or channels of moving money: wire transfers, debit / credit cards / stored - value cards, financial institution clearing houses, and cheque clearing systems.

One camp views it as a payment system, wanting cheaper, faster on - chain transactions, while the other sees censorship resistance and permissionlessness as its defining feature and value proposition.

Some will argue that as it is the technology which Bitcoin is built upon, Blockchain's primary use is as a payment system or, as it has evolved, a store of value.

The long - awaited bill, which goes into effect on April 1, still does not recognize bitcoin as a currency, but it has accepted that bitcoin and other cryptocurrencies have «asset - like values» that can be used «as payment to indefinite parties for the cost of purchase or rent of items or receipt of services and which can be transferred by means of electronic data processing systems,» explained Bitflyer exchange.

And this «seigniorage burning» isn't a complete waste, as my metaphor might suggest and an economist will wrongly suspect as «inefficient», for it has the side - effect of bootstrapping a solution to the distributed consensus problem and thereby creating a distributed payment system on which the value can be transferred (a coin can't be scarce if it can be double spent).

«The Hyperledger Quilt project connects Hyperledger blockchains with other ILP - capable payment systems such as XRP Ledger, Ethereum, Bitcoin (Lightning), Litecoin, Mojaloop and RippleNet, helping us to deliver on our vision for an internet of value - where money moves as information does today,» Thomas explained.

There are tradeoffs when switching between centralized payment providers, such as Visa or Mastercard, and Bitcoin, and it's unclear if there is much point to paying for a morning coffee on a system where the main value proposition is censorship resistance.

Hyperledger Quilt offers interoperability between ledger systems by implementing the Interledger protocol (also known as ILP), which is primarily a payments protocol and is designed to transfer value across distributed ledgers and non-distributed ledgers.

By acting as a decentralized store of value that allows for instant and anonymous transactions, Pure offers a solution as a payment system that many other cryptocurrencies can't offer.

Recent Media coverage has mostly been about, the rise or fall of the Bitcoin price and value, Bitcoin price predictions and big news such as Government adoption by Japan's new law making Bitcoin a legal payment system

Here are some of the reasons: - As a Payment System — Bitcoin is sent across the Internet quickly and cheaply without the need for costly 3rd parties As a Speculator — short term trading as a revenue stream As a long term Investment — Bitcoin, a store of value, is on an upward trend with long - term fundamentals strong Using bitcoin as a natural hedge for local Fiat Currency.As a Payment System — Bitcoin is sent across the Internet quickly and cheaply without the need for costly 3rd parties As a Speculator — short term trading as a revenue stream As a long term Investment — Bitcoin, a store of value, is on an upward trend with long - term fundamentals strong Using bitcoin as a natural hedge for local Fiat Currency.As a Speculator — short term trading as a revenue stream As a long term Investment — Bitcoin, a store of value, is on an upward trend with long - term fundamentals strong Using bitcoin as a natural hedge for local Fiat Currency.as a revenue stream As a long term Investment — Bitcoin, a store of value, is on an upward trend with long - term fundamentals strong Using bitcoin as a natural hedge for local Fiat Currency.As a long term Investment — Bitcoin, a store of value, is on an upward trend with long - term fundamentals strong Using bitcoin as a natural hedge for local Fiat Currency.as a natural hedge for local Fiat Currency...