Sentences with phrase «networks as a payment system»

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Investors can participate in the potential of companies such as TIO Networks Corp. (TSXV: TNC), an expedited bill - payment processor, which recorded $ 36.5 million in revenues in 2011, an increase of almost 50 % over the previous year, and Verisante Technology Inc. (TSXV: VRS), a medical device company that commercializes cancer detection systems using a platform developed by the BC Cancer Agency.

The system is expected to allow global firms to settle payments with Chinese businesses more quickly and efficiently, replacing a patchwork of networks such as clearing banks around the world.

This is a major step forward for the global financial system, and as the Ripple network grows, together we are paving the way for new connected commerce opportunities and growing demands for real - time, high volume, low value global payments.»

Thus, while it initially appeared that the bill was designed to foster entrepreneurial development of decentralized systems, such as the Ethereum network, to allow individuals to reclaim some power from large companies, the bill does not accomplish that aim as it treats public and private blockchains (and possibly even legacy payment systems) equally.By opening this loophole in the definition of blockchain, Nevada does not appear to be showing any more support for the blockchain upstart community than it shows for multinational financial institutions and banks at large.

The energy use of Bitcoin, the biggest blockchain to date, is close to that of Portugal, and while other blockchain networks are more efficient, they are still an order of magnitude less so than a payment system such as Visa.

Used by companies such as UniCredit, UBS and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that «from banks» perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin,» including price and security.

As demonstrated by the far - reaching success and impact of Chinese Internet companies — such as e-commerce giant Alibaba's record - breaking «11.11 Singles» Day» sales of over US$ 17 billion, as well as the incredible saturation of over 700 million active users achieved by Tencent's messaging and social networking platform, Wechat, and its new mobile payment system, WePay, to name a couple — in many respects, China's mobile and digital infrastructure has surpassed the systems available in many economies, including those in CanadAs demonstrated by the far - reaching success and impact of Chinese Internet companies — such as e-commerce giant Alibaba's record - breaking «11.11 Singles» Day» sales of over US$ 17 billion, as well as the incredible saturation of over 700 million active users achieved by Tencent's messaging and social networking platform, Wechat, and its new mobile payment system, WePay, to name a couple — in many respects, China's mobile and digital infrastructure has surpassed the systems available in many economies, including those in Canadas e-commerce giant Alibaba's record - breaking «11.11 Singles» Day» sales of over US$ 17 billion, as well as the incredible saturation of over 700 million active users achieved by Tencent's messaging and social networking platform, Wechat, and its new mobile payment system, WePay, to name a couple — in many respects, China's mobile and digital infrastructure has surpassed the systems available in many economies, including those in Canadas well as the incredible saturation of over 700 million active users achieved by Tencent's messaging and social networking platform, Wechat, and its new mobile payment system, WePay, to name a couple — in many respects, China's mobile and digital infrastructure has surpassed the systems available in many economies, including those in Canadas the incredible saturation of over 700 million active users achieved by Tencent's messaging and social networking platform, Wechat, and its new mobile payment system, WePay, to name a couple — in many respects, China's mobile and digital infrastructure has surpassed the systems available in many economies, including those in Canada.

One of the most persistent complaints with the health home program — as well as the Delivery System Reform Incentive Payment program, the State Health Information Network and others — is a lack of timely and reliable information about the patients.

Yeeyoo — Social Network - «Matchmaking» and «dating» is known as «serious dating» - 114 million internet users in China; 2 or 3 people use each computer - 414 million wireless users - Yeeyoo offers an anonymous calling service which makes 1 - 2 RMB per min - Meetic acquired Yeeyoo for $ 20 million - Meetic made $ 100 million revenue last year and 8 % was from mobile - Mobile could be the same size as online dating in the next 5 years - Yeeyoo won't be charging for membership, not possible, lack of payment systems, will sign another deal like their China.com cobrand deal.

Litecoin, like Bitcoin, was created as an electronic payment system; however, transactions on the Litecoin network are processed faster and there are more litecoins in circulation than there are bitcoins.

Circumstances beyond our control (such as, but not limited to, fire, flood, network or system down time, issues with the financial institution, or interference from an outside force) prevent the proper execution of the payment transaction and we have taken reasonable precautions to avoid those circumstances.

His technical experience encompasses wireless communications and data networking including various aspects of LTE baseband processing, carrier aggregation, adaptive modulation and coding schemes, shared antenna systems and frequency coexistence management, satellite networking involving committed information rate (CIR), bandwidth optimization, very - small - aperture terminal (VSAT) design, non-cellular wireless technologies including NFC and RFID, video coding and communication protocols, hard drive technologies, Multimedia over Coax Alliance (MoCA) access networks, fiber optic networks, multimedia delivery as well as various software products and systems including financial trading platforms, payment networks, secondary mortgage market - related software solutions, electronic couponing, photo editing software, social and business networking applications, and enterprise software products.

While maintaining the status quo of transitional industry as a closed network, unlike public blockchains, DLT explores the possibilities of many financial use cases in payment systems, trade finance, wholesale banking, remittance, and identity management.

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).

Lightning networks are considered a promising innovation in the Bitcoin space, which would make the Bitcoin system much more scalable and able to process transactions at a high rate and low cost, and are suitable as an alternative to existing payment networks.

Advocates of Bitcoin's use as digital gold tend to agree with the near - universal consensus requirement of Bitcoin development, while individuals focused on the P2P payments aspect of the system, such as Bitcoin Classic developer Gavin Andresen, would like to see the protocol evolve more quickly — without the need for approval by nearly everyone on the network.

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.»

FACT 1: Bitcoin Is Not an Electronic Payments System Like PayPal Many Bitcoin newcomers view the network as yet another electronic system for instant payments, like PayPal Payments System Like PayPal Many Bitcoin newcomers view the network as yet another electronic system for instant payments, like PayPal orSystem Like PayPal Many Bitcoin newcomers view the network as yet another electronic system for instant payments, like PayPal orsystem for instant payments, like PayPal payments, like PayPal or Visa.

«The ChainLink Network is proud to offer a solution to the pressing connectivity problem between smart contracts and external data by creating a fully decentralized Blockchain middleware that serves as a conduit between smart contracts, data feeds, APIs, bank payments and back office systems, while making it accessible to smart contracts that need these resources via our LINK token.»

Request Network will definitely impact existing online payment systems such as PayPal, Stripe and powerhouse credit cards institutions (like Visa, MasterCard, etc.) by providing a cheaper and faster alternative.

Often referred to as «PayPal 2.0,» Request Network is a new type of payment system platform that allows anyone to request a payment (a Request Invoice) for which the recipient can pay in a secure way.

Distributed system: Ripple's decentralized network provides a highly efficient distributed payment procedure that can be operated from any part of the world as long as there is a decent internet connection available.

Dash allows users to make immediate payments due to the new system of distributed transaction confirmation by the Masternode network while maintaining the same financial anonymity as cash payments, the official website says.

Ripple is used as a payment system by the two German and American banks and there are many well - known financial institutions that are experimenting with the Ripple and its network.

Lightning Network is not the only one working on ways to make Bitcoin more accessible as a payment system.