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As Revere so eloquently put it, "blockchain is a technology that allows for peer to peer transactions," she explained on CTRL+T.
The former Clinkle employee said the company won't take any fees on peer to peer transactions, and will look to monetize elsewhere, potentially taking small cuts from merchants if customers use Clinkle coupons or special offers.
It is a currency with no centralized repository, based exclusively on an internet platform and founded on peer to peer transactions without any intermediary.
Two Israeli computer scientists who over the weekend published a paper describing a financial connection between the Bitcoin peer-to-peer transaction system and the operator of Silk Road, an Internet black market, have backed away from the claim after an independent security researcher took responsibility for the puzzling account that generated the transfer.
It's also through this peer-to-peer transaction that Withlocals will generate revenue.
Car-sharing as a peer-to-peer transaction is fueling the charge.
However, an important thing to note for the anti-Bitcoiners is that the underlying peer-to-peer transaction clearing process does not seem to have been compromised — at least in this incident.
TranServ co-founder and CEO Anish Williams says that Udio, which lets users split bills and send money to one another, was one of the first peer-to-peer transaction apps in India.
Kantox, who launch their beta today, aims to fix through their peer to peer FX hedge transactions platform.
In total, M-PESA has seen KSH 1.5 trillion (US$177 billion) in peer-to-peer transactions.
In addition to solo peer-to-peer transactions, Clinkle is adding group payments.
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