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Tag Archives: medium of exchange
Cryptocurrencies – The Bitcoin Phenomena
Revised February 14, 2014 Bitcoins are digital fiat currency passed directly between two people without the need for a trusted third party, such as a bank.[1] In this respect they resemble banknotes. Bitcoin with a small “b” is a privately … Continue reading
Posted in Economics, Money
Tagged Bitcoins, cryptocurrency, Currency, digital money, Dollar, Euro, M-Pesa, means of payment, medium of exchange, Money, remimbi, store of value, unit of account
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