Sentences with phrase «chain as a payment system»

«Emerging market powers eager to move away from being tied to the monetary policy of the U.S. and the banking system as well as to adopt the block chain as a payment system prove willing adherents as they adjust to zero interest rates and the decrease in systematic risk.»

Not exact matches

Anthony: I think it's important to note that this whole thing started about a decade ago with a white paper about a peer - to - peer, digital cash payment system, but over the past decade, people have realized that this underlying technology has a ton of applications, not just in financial services and payments, but in other industries such as health care, supply chain and so on.

But within a week, two major pharmacy chains, Rite Aid and CVS, rejected Apple's version of the future: Both disabled Apple Pay (as well as other tap - to - pay mobile payments systems Google Wallet and Softcard).

Retailers push system to rival Apple Pay and other mobile wallets — Two drugstore chains switched off support for Apple Pay, as a group of big retailers gets behind a rival system for checkout smartphone payments... (See Mobile payments)

These projects included Otonomos, a company that wants to digitize corporations into block - chain systems and use Bitcoin as its default online payment system.

One camp views it as a payment system, wanting cheaper, faster on - chain transactions, while the other sees censorship resistance and permissionlessness as its defining feature and value proposition.

Bitcoin developer Jeff Garzik said the core bitcoin block chain consensus mechanism and payment system are continuing to work as before, and are not directly impacted by transaction malleability.

Yet, despite its promises, Lightning Network is still not equal to bitcoin's peer - to - peer on - chain transactions, and will instead lead to big payment «centers,» which goes against bitcoin's initial design as a peer - to - peer payment system.

These systems include protocols such as Blockstack (a decentralized domain name system), Counterparty (a smart contract platform), and the Lightning Network (an off - chain payments protocol).

The main goal of SegWit is to send transactions off - chain and onto second layers like the Lightning Network or sidechains, which viaBTC said «are not equal to bitcoin's peer - to - peer on - chain transactions,» noting that «LN will also lead to big payment «centers,» and this is against bitcoin's initial design as a peer - to - peer payment system.»