Sentences with phrase «normal payment channels»

The second payment channels can then be used like normal payment channels (e.g. for routable payments Lightning Network) except that when it comes time to close them.

Introducing the option of digital currencies helps reduce the heavy costs associated with the normal payment channels that we are all used to.

Not exact matches

The net amount representing the dividend / interest and maturity proceeds of units may be remitted through normal banking channels or credited to NRE / FCNR account of the investor, as desired by him subject to payment of applicable tax.

The payment for purchase should be made out of either (i) funds received in India through normal banking channels by way of inward remittance from any place outside India or (ii) funds held in any non-resident account maintained in accordance with the provisions of the Act and the regulations made by the Reserve Bank.

Van Niekerk believes the digital currency is faster and has lower fees when compared to making payments through normal banking channels.