A payment network is a system that allows people to send and receive money electronically. It serves as a platform where transactions can be processed securely and efficiently between different individuals or businesses. Full definition
With bitcoin's global payment network, all they would need is to know the person's phone number in order to send them money. (bitcoinist.com)
An important and highly relevant question has emerged in the financial industry: How does blockchain technology help institutions easily connect to the increasingly diverse types of payment networks? (ripple.com)
Unlike the traditional centralized system, this system uses an automatic peer - to - peer payment network with no central authority. (cryptotimes.news)