Medium of Exchange

Refers to an asset or instrument that is widely accepted as a means for buying goods and services or settling debts. It is one of the primary functions of money, alongside being a store of value and a unit of account.

What You Need To Know

Once adoption barriers are cleared up with regulation these blockchain systems can improve the efficiency of the sale being digital, purchase, and trade of goods between parties using the transparency of the ledger, and increased settlement speeds.