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)
“Money is the worst currency that ever grew among mankind. This sacks cities, this drives men from their homes, this teaches and corrupts the worthiest minds to turn base deeds.”
—Sophocles (497–406/5 B.C.)