Some described mobile money as a medium of trouble-free transaction and the ease of access.
Because specific cultural tools (language, work, technologies, cultural methods, and practices) are the medium of all human transaction and learning, the very idea of a culture-free test is "a contradiction in terms … by its very nature, IQ testing is culture bound" (Cole, 1999, p. 646).
No, I.B.M. insisted, the real payoff from the Internet was as a low-cost communications medium for reducing transaction costs of all kinds for business.
Euros had been used as a medium of exchange in financial transactions since 1999, but New Year's Day 2002 was the debut for Euro notes and coins.
Woo pointed out that Bitcoin's volatility undermines its role as a medium of exchange — that is transactions plummet as volatility rises.
However, Bitcoin truly shines as a medium of exchange — with its low transaction costs and irreversibility, Bitcoin is the cash of the internet — but since it's not practical to quote long-term prices in bitcoins, people typically deal in terms of 'X dollars worth of bitcoins.'".
Everything is some kind of transaction, just some self-centered transaction.
Elimination of transaction costs.
Using 'Transactions' data is read and update by following the rules of transaction properties (see "Properties of transactions" section).
l j = remaining bits of transaction j.
Any other type of transaction is prohibited.
