Cryptocurrency Q&A What is the maximum payment of coins?

What is the maximum payment of coins?

Caterina Mon Oct 07 2024 | 7 answers 1637

Could you please elaborate on the concept of 'maximum payment of coins' in the context of cryptocurrency? Is this referring to a specific cap imposed by a blockchain network on the total number of coins that can be issued, or perhaps a limitation set by a wallet or exchange on the amount of a particular cryptocurrency that can be transferred in a single transaction? Understanding the specific scenario you're referring to would help me provide a more accurate and informative response. What is the maximum payment of coins?

7 answers

mia_clark_teacher Wed Oct 09 2024

For bills up to ten pounds, the use of twenty pence and fifty pence coins is permitted, offering a more convenient and efficient means of payment for larger transactions.

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345

Davide Wed Oct 09 2024

Specifically, the act states that one penny and two pence coins are only deemed legal tender when used to settle debts or pay for goods and services valued at twenty pence or less.

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EnchantedSeeker Wed Oct 09 2024

For transactions exceeding this amount, the use of these smaller denomination coins is not mandatory, and other forms of payment, such as larger denomination coins or banknotes, may be requested.

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