This gives NordFX traders a new hedging ability, as they can now conduct simultaneous deals
with conventional currency pairs, silver and gold, all with interbank spreads starting at 0 points.
The root problem
with conventional currency is all the trust that's required to make it work.
Not exact matches
The
currency is created and distributed over a P2P network, and the developers hope to attract users by exploiting some people's disaffection
with the government - controlled central banks that control
conventional money.
The digital
currency industry is rewriting the rulebook of the financial system
with the ultimate objective of improving upon the existing,
conventional system.
Office of the Comptroller of the
Currency has a lot of catching up to do in dealing
with innovative information technology, as it affects not only
conventional finance, but also new channels of e-commerce made possible through advances in IT.
While many cryptocoins seek to transcend
conventional currency, the cryptocurrency Tether claims to back each of its issued tokens
with an equal amount of redeemable cash held in a private reserve.
Reuters SEOUL
With a tech - savvy population quick to adopt the latest gadgets and a young generation facing dim prospects in the
conventional workplace, South Korea has been a fertile ground for virtual
currencies.