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 theyre not at all.”
—Allen Tate (18991979)
“There is no legislationI care not what it istariff, 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 (18571930)