«Except in the case of disputes (similar to
conventional payment channels), our solution does not require on - chain transactions and therefore increases the scalability of existing blockchains.»
Customers can pay using bitcoin or via
conventional payment channels.
As CCN reported, the firm announced earlier this month that it had partnered with Bithumb — one of South Korea's largest cryptocurrency exchanges — to facilitate international remittance payments more efficiently than through
conventional payment channels.
Not exact matches
At the same time, end users stand to benefit from fast transactions and lower prices as providers can afford to let go of the commissions and third - party fees which they would have otherwise incurred over
conventional distribution
channels like banks or other
payment brokers.