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:
“Men never do evil so fully and cheerfully as when we do it out of conscience.”
—Blaise Pascal (16231662)
“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)