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:
“Remember...that each child is a separate person, yours forever, but never fully yours. She can never be all you wished or wanted, or all you know she could be. But she will be a better human being if you can let her be herself.”
—Stella Chess (20th century)
“It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic, and sub-atomic, and galactic
structure of things today. And you have meddled with the primal forces of nature! And you will atone! Am I getting through to you, Mr. Beale?”
—Paddy Chayefsky (19231981)