Ready P(l)ayer One: how we will pay tomorrow and what role crypto may play

Dirk Bullmann

Chapter 3 in The Elgar Companion to Decentralized Finance, Digital Assets, and Blockchain Technologies, 2024, pp 57-74 from Edward Elgar Publishing

Abstract: Payments cog the wheels of the financial system. Beyond the payment initiation process lies a largely invisible, complex, and systemically important network of payment systems, which involves central banks, commercial banks and other payment providers. From a contemporary perspective, existing user needs in the field of payments can in principle be met by today’s centralized systems. Blockchain and its payment assets can maybe offer the same service level but are not superior to the more traditional payment solutions out there. Fast forwarding to the future, one could imagine a scenario where the technology around blockchain and its payment assets matures further and changes to business and user needs, especially in the fields of Decentralized Finance, the Metaverse, or Web 3.0, demanding features for which traditional payment rails are not an obvious choice anymore.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035307760.00008 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22115_3

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().