Complementary Currency - Example of A Fully Digital Complementary Currency

Example of A Fully Digital Complementary Currency

Bitcoin is a decentralized digital complementary currency. Bitcoin has no central issuer; instead, the peer-to-peer network regulates Bitcoins' balances, transactions and issuance according to consensus in network software. In 2012, BitPay reports of having over 1000 merchants accepting Bitcoin under its payment processing service.

Read more about this topic:  Complementary Currency

Famous quotes containing the words fully and/or currency:

    Give me this day a faith not personal
    As follows: The American people fully armed
    With assurance policies, righteous and harmed,
    Battle the world of which they’re not at all.
    Allen Tate (1899–1979)

    There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.
    William Howard Taft (1857–1930)