IEEE 2143.1-2020

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IEEE Standard for General Process of Cryptocurrency Payment

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IEEE 2143.1-2020

IEEE Standard for General Process of Cryptocurrency Payment

PUBLISH DATE 2020
PAGES 14
IEEE 2143.1-2020

New IEEE Standard - Active.

Defined in this standard is the general process of cryptocurrency payment between consumers and merchants.

This process describes how a consumer purchases goods or services with cryptocurrency and how the merchant receives fiat money in return.

It involves multiple aspects such as:

  • cryptocurrency payment operators playing an agent role,
  • consumers owning cryptocurrency,
  • merchants accessing a cryptocurrency payment platform,
  • banks, and
  • cryptocurrency exchanges.

This standard defines the general process of **cryptocurrency payment** between consumers and merchants.

This process describes how a consumer purchases goods or services with cryptocurrency and how the merchant receives fiat money in return.

It involves multiple aspects such as:

  • cryptocurrency payment operators playing an agent role,
  • consumers owning cryptocurrency,
  • merchant accessing to a cryptocurrency payment platform,
  • banks, and
  • cryptocurrency exchanges.
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