Sentences with phrase «widely accepted fiat currency»

However, Bank of America's suggested patent is likely to appeal to a host of Bitcoin users as it will allow them to quickly and conveniently convert their cryptocurrency holdings into widely accepted fiat currency.

Not exact matches

Another limiting factor when it comes to Bitcoin is that it's not yet as widely accepted as fiat currency, which often limits the user's spending options.

With ongoing speculation about increased regulation and oversight, it remains to be seen whether cryptocurrencies will be able to break into the mainstream and offer a viable, widely accepted alternative to fiat currency.

In this regard, most cryptocurrency holders are forced to convert these digital assets back into fiat currencies which is widely accepted in the real world.