What is the meaning of sterling in the context of digital currencies?

3 answers

• Dec 17, 2021 · 3 years ago
  In the context of digital currencies, 'sterling' refers to the British pound (GBP). It is often used to denote the value of cryptocurrencies in relation to the British pound. For example, if the price of Bitcoin is quoted as '£10,000 sterling', it means that 1 Bitcoin is worth £10,000 in British pounds. This term is commonly used in the UK and other countries that use the British pound as their currency.
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• Dec 17, 2021 · 3 years ago
  When we talk about 'sterling' in the context of digital currencies, we are referring to the British pound. It is a way to express the value of cryptocurrencies in terms of the British pound. This is especially useful for people in the UK who are familiar with the value of the pound and want to understand the value of cryptocurrencies in their local currency.
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• Dec 17, 2021 · 3 years ago
  In the context of digital currencies, 'sterling' is often used as a synonym for the British pound. It is a way to express the value of cryptocurrencies in relation to the pound. For example, if the price of Ethereum is quoted as '£2,000 sterling', it means that 1 Ethereum is worth £2,000 in British pounds. This term is commonly used in the cryptocurrency community and is especially relevant for traders and investors who want to understand the value of cryptocurrencies in different fiat currencies.
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