The phrase "a means of payment" is correct and usable in written English.
It can be used when discussing methods or forms of payment in transactions, such as cash, credit cards, or digital currencies.
Example: "Many online retailers now accept cryptocurrency as a means of payment."
Alternatives: "a method of payment" or "a form of payment."
Most economists have seen money simply as a means of payment, an improvement on barter.
Consumers will sign up for a credit-card brand if it is widely accepted as a means of payment.
Similarly, the liquidity afforded by the secondary market facilitates the acceptance of the corporation's securities as a means of payment.
The scheme meets two separate needs: currencies are required both as a means of payment and as a store of value.
As in most places, Bitcoin has not taken off as a means of payment in China; instead, it is mainly a speculative investment.
They retain some of the anonymity of currency, but they are not "generally accepted" as a means of payment beyond their dedicated purpose.
Bitcoin expert Professor Olivier Scaillet of the University of Geneva agrees, stating, "if you regulate the use of bitcoin in terms of acceptance as a mean of payment, it is a way to limit its criminal use". There is no need to believe that the main issue with Bitcoin mining is the electricity cost.
Libraries could have provided a means of collective payment for digital goods.
But while digital license plate readers, which read and verify a vehicle's license plate, have primarily been used in the United States as a means of ensuring payment, they are now being sized up as security tools.
Sometimes it is possible to attach the debtor's property, wages, or bank account as a means of forcing payments (see garnishment).
The world has agreed the coins are worth something, and that is based on a combination of Bitcoin's utility as a means of transferring payments, as well as serving as a store of value.
