medium of exchange
noun phrase
: something commonly accepted in exchange for goods and services and recognized as representing a standard of value
Examples of medium of exchange in a Sentence
Recent Examples on the Web
To be sure, there is still a long path ahead before bitcoin will be widely accepted as a medium of exchange and unit of account, said Luria.
—
Hakyung Kim, CNBC, 5 Dec. 2024
The three defining features of money are: A medium of exchange A unit of account A store of value Bitcoin – or any cryptocurrency – is not widely used for transactions.
—Ron Insana, CNBC, 21 Nov. 2024
Tax treatment discourages usage as a medium of exchange, the SEC has waged a near constant campaign against the industry, and the lack of Treasury guidance continues to stifle further integration within TradFi institutions.
—Sean Stein Smith, Forbes, 3 Nov. 2024
Even for stablecoins, whose sole purpose are to be used as a medium of exchange, the tax liability and reporting purposes remains exactly the same as for cryptocurrencies such as bitcoin.
—Sean Stein Smith, Forbes, 5 Oct. 2024
Only a small number of these people appear to be using crypto as a medium of exchange, given its dramatic fluctuations in value.
—Charles Bethea, The New Yorker, 27 Sep. 2024
Proponents of intrinsic value claim that these industrial uses give gold an inherent worth beyond being a medium of exchange which Bitcoin lacks.
—Ansel Lindner, Forbes, 20 Sep. 2024
Why People Still Buy Gold Despite the risks and drawbacks of gold, its historic role as a store of wealth and medium of exchange can be reassuring to investors during times of economic uncertainty and geopolitical instability.
—Jonathan Dash, Forbes, 18 Sep. 2024
If the effort succeeds, China is likely to extend its use to countries that participate in its Belt and Road Initiative, expanding the renminbi’s reach as an international medium of exchange and possibly threatening the dollar’s preeminent status.
—Jared Cohen, Foreign Affairs, 13 Oct. 2020
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Hakyung Kim, CNBC, 5 Dec. 2024
The three defining features of money are: A medium of exchange A unit of account A store of value Bitcoin – or any cryptocurrency – is not widely used for transactions.
—Ron Insana, CNBC, 21 Nov. 2024
Tax treatment discourages usage as a medium of exchange, the SEC has waged a near constant campaign against the industry, and the lack of Treasury guidance continues to stifle further integration within TradFi institutions.
—Sean Stein Smith, Forbes, 3 Nov. 2024
Even for stablecoins, whose sole purpose are to be used as a medium of exchange, the tax liability and reporting purposes remains exactly the same as for cryptocurrencies such as bitcoin.
—Sean Stein Smith, Forbes, 5 Oct. 2024
Only a small number of these people appear to be using crypto as a medium of exchange, given its dramatic fluctuations in value.
—Charles Bethea, The New Yorker, 27 Sep. 2024
Proponents of intrinsic value claim that these industrial uses give gold an inherent worth beyond being a medium of exchange which Bitcoin lacks.
—Ansel Lindner, Forbes, 20 Sep. 2024
Why People Still Buy Gold Despite the risks and drawbacks of gold, its historic role as a store of wealth and medium of exchange can be reassuring to investors during times of economic uncertainty and geopolitical instability.
—Jonathan Dash, Forbes, 18 Sep. 2024
If the effort succeeds, China is likely to extend its use to countries that participate in its Belt and Road Initiative, expanding the renminbi’s reach as an international medium of exchange and possibly threatening the dollar’s preeminent status.
—Jared Cohen, Foreign Affairs, 13 Oct. 2020
Dictionary Entries Near medium of exchange
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“Medium of exchange.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/medium%20of%20exchange. Accessed 26 Dec. 2024.
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