Sentences with phrase «virtual currency payment»

This donation would thus generate virtual currency payments to the content providers.

They plan to do this by blocking domestic and foreign websites or apps that provide virtual currency payments.

Social networking site Facebook has begun testing its much - anticipated virtual currency payments system with third party application GroupCard.

Most of the bitcoin - accepting merchants are eCommerce businesses, offering services ideal for virtual currency payments such as web hosting, domain registration, VPN services, and digital downloads.

DISCLOSURE: While there are also material risks from accepting various forms of payment (such as cash, other fiat currencies, network card payments, other proprietary electronic payments and alternative virtual currency payments including Litecoin and Dogecoin), BitPay is disclosing the following material risks of virtual currency.

At Commonwealth, its terms do reference bitcoin, «saying it can refuse to process an international money transfer or an international cash management transaction «because the destination account previously has been connected to a fraud or an attempted fraudulent transaction or is an account used to facilitate payments to Bitcoins or similar virtual currency payment services,»»

In addition, virtual currency payments can happen round the clock, unlike traditional payments.

The systems and methods of the present disclosure practically eliminate the amount of time the payee must wait to be sure they will receive a virtual currency payment in a virtual currency transaction by transferring to the payee private keys that are included in the virtual currency wallets that are associated with predefined amounts of virtual currency that equal a payment amount identified in the virtual currency transaction.

Put simply, BitPay feels like it is positioned to become the equivalent to PayPal for the virtual currency payment processor rival, Bitcoin.

FinCen has issued two basic administrative rulings over digital currencies; The first one relates to the application of FinCEN regulations to a virtual currency trading platform, while the second discusses the application of FinCEN regulations to a virtual currency payment system.

In fact, Kakao «will introduce a virtual currency payment system.

«The systems and methods of the present disclosure practically eliminate the amount of time the payee must wait to be sure they will receive a virtual currency payment in a virtual currency transaction by transferring to the payee private keys that are included in virtual currency wallets that are associated with predefined amounts of virtual currency that equal a payment amount identified in the virtual currency transaction.»

The patent explains in detail how the creation of secondary portfolios with their own private keys will make the transaction much faster, «practically eliminat [ing] the amount of time the payee must wait to be sure they will receive a virtual currency payment in a virtual currency transaction.»