Not exact matches
In Polupanov's words, these marketplaces have become «pioneers and leaders on the proposal to buy cryptocurrency,»
with traders converting rubles to virtual
currency, transmitting those funds to their home countries, and reconverting them into
local fiat currency there.
Not only does partnering
with Xapo allow employees and freelancers around the world to use their Bitcoin wages
with everyday merchants, but this debit card allows mainstream employers, employees and freelancers to reap the benefits of the blockchain while having easy access to
local fiat currency.»
And
with our guaranteed exchange rate, we protect businesses from any risk of digital
currency price volatility while delivering on - time bank settlements in
local fiat currencies.
Your wallet
currency will default to your
local fiat currency based on the phone number you signed up
with, but if you have changed your wallet
currency to something other than e.g. USD then you will want to change it back so that when you transfer USD from your bank account it will arrive in your wallet as USD.
By default, the Abra wallet will hold your balance in your
local fiat currency based on the phone number you signed up
with.
This is all calculated in
local fiat currency converted
with the appropriate timing.
While consumers who use Abra's flagship payment app can hold balances in
local fiat currencies (it's actually bitcoin, hedged
with smart contracts), transfers between wallets ride on bitcoin's rails, which know no borders.
Trading «over-the-counter» (OTC) can involve
local trades, or direct trades whereby one user is paid
with a
fiat currency via a bank transfer.
The goal of
local / regional cryptocurrencies is not necessarily to compete
with national
fiat currencies.
Much like multinational corporations (MNC)
with large overseas operations, miners of cryptocurrency networks as a whole do not measure the income they receive in terms of bitcoins (or other discrete cryptocurrencies), but instead they measure their income in terms of «
fiat» from foreign financial markets, specifically converting bitcoins into the
local fiat currency where their mining operation physically resides.
The Dash team announced today an integration
with a leading Latin American exchange, BitINKA, providing citizens across Central and South America access to buy and sell Dash using their
local fiat currency.
For example, customers will be able to «deposit» money
with Circle, thereby instantly converting
fiat money into bitcoin, and «withdraw» money via the service, converting bitcoin into
local currency that can then be transferred to a bank.
These four features include cryptocurrency enabled credit cards that can be used for payment in
local stores, a cryptocurrency exchange
with support for
fiat currency, a payment provider and ATMs that will allow for the instant purchase of coins
with fiat money.
There are even
local booths where users can go and buy a Ripio token
with fiat currency, then learn about mobile wallets.
To exchange
fiat currency (in other words, US dollars) for KMD, you'll need to register for an account
with a
local cryptocurrency exchange like Gemini.
In the context of payments and commerce, decentralized applications can be used to create a gateway where users pay
with bitcoins, but merchants receive the equivalent payment in their
local fiat currency.
A small town in rural South Africa is seeking to experiment
with a digital version of their
local fiat currency.
This means that traders provide
fiat, consumers pay
with their digital
currency of choice and the merchant receives his or her preferred
local currency (USD, EUR, GDP, etc.) once the payment is completed.
Token abstraction on 0x allows dApps to obfuscate smart contract interactions
with application - specific tokens so that end users appear to only be paying transaction fees denominated in ETH (or even
local fiat currency, assuming there are
fiat - pegged tokens on the Ethereum Blockchain).
This will make it effortless for our users to convert their utility tokens, providing them
with continuous liquidity not even against Bitcoin, Ripple, Bitcoin Cash and Ethereum but also against
local fiat currency.
The vital connection to
local liquidity is through
fiat currency, in order to participate as a market maker in various countries
fiat currency is needed to deposit and exchange
with which often means the need to actually be in the country to be a market maker since bank accounts will be needed for those
local currencies.
You can seamlessly transfer between Bitcoin and all major
currencies like USD, EUR, GBP, etc, which is perfect if you are using different
fiat currencies because there is no need to select a «
local»
currency and then be stuck
with high fees for moving to another alternative.
Qvolta seeks to fulfill the much - needed job of filling the above - mentioned void in the P2P crypto - exchange platform market by offering a reliable, quick, and convenient way to make crypto - transactions in popular
local payment methods
with fiat currency.