Sentence examples for conventional payment from inspiring English sources

And Bitcoin does the trick while being open (unlike conventional payment mechanisms, which aim for security by shielding themselves from outsiders).

Operators of conventional payment systems live on transaction fees, but that business model would not have worked for bitcoin in its early days, because of a lack of users.

Yet no tweak to Bitcoin could allow transactions at a scale close to that of conventional payment processors such as Visa without compromising the digital currency's decentralized design, says Ari Juels, a cryptographer and professor at the Jacobs Technion-Cornell Institute at Cornell Tech, and a coauthor of the study.

This is because money is not transferred between accounts managed by the social network, but goes through conventional payment channels from one bank account to the other.Still, Facebook's new offering is further proof that technology firms are moving onto banks' turf.

The proposed PayStar improves drastically the computational performance of the customer from the viewpoint of processing each smallest denomination, e.g., one cent, due to the nature of PayStar which divides one lengthy conventional payment chain into a bundle of short merged one-way chains.

His household accounts as king record conventional payments to large numbers of paupers (12,000 on Easter day 1406) and the intercession for him of twenty-four oratores domini regis at 2d each per day.

Filtzer noted a myriad of issues in Soviet production that had meant a more formal bonus system was unworkable in the Soviet Union: irregular availability of supplies that were often of variable quality, an irrational division of labour and a reliance on "storming" that made it difficult to motivate workers through a more conventional payments system.

The conventional level payment or annuity mortgage, where the borrower pays both a contribution to the debt and an interest payment, has a long history.

The average conventional down payment on home-purchase mortgages was 20percentt, but Fannie Mae and Freddie Mac both offer loans that require just 3percentt down.

They suggest that the currency's design is not well suited to being used like conventional digital payment and money tools.

One of the things that is holding back the net from realising its full economic potential is the high cost of conventional online payment systems, which mostly involve credit cards and high processing charges.