Continuous Cash Flow Payment: Theories and Practice Framework
Xia Zhang and
Cong Wu
Emerging Markets Finance and Trade, 2018, vol. 54, issue 4, 774-782
Abstract:
Continuous cash flow payment is the key element to complete the payment framework. While discrete cash flow payment matches the event of exchange of goods, continuous cash flow payment can closely match the process of exchange of services. We discovered that by embedding continuous cash flow models into a settlement system, continuous cash flow payment is doable under recent FinTech environment. This article constructs this novel continuous cash flow payment framework and theorizes payment practices into a unified framework.
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:54:y:2018:i:4:p:774-782
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DOI: 10.1080/1540496X.2016.1241706
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