They argue that a key determinant of the euro's future significance will be the transaction costs of using the euro in foreign-exchange and securities markets.
No doubt the dollar will depreciate somewhat this year, because there will be lower transaction demand and fewer purchases of dollar assets by OPEC as oil prices drop.
The only rock-bottom prices on Transora, according to executives, will be the transaction costs, not the cost of the supplies themselves.
"Obviously it costs money to run a site, so there will be a transaction fee structure, maybe as high as 10% or as low as half a percent".
He says most of those will be smaller transactions ranging from $50 million $400 millionon.
The investment opportunities are listed on both companies' sites, though MicroVentures will be handling transactions through its own platform.
Obviously, there will be some transactions you don't want published for all to see on the Internet.
There will be no transactions hitting your debit or credit card, and you won't be spending any cash.
When you mine bitcoins, you will be verifying transactions and adding them to the block chain.
If you are selling larger cost items, the default transaction fees will be.30 cents per transaction and between 1.9% and 2.9% of the total cost of the sale.
