Payment tokens

Conrad Kraft and Jonas Gross

Chapter 33 in Elgar Encyclopedia of Cryptocurrencies, Blockchain and DLT, 2026, pp 163-168 from Edward Elgar Publishing

Abstract: Payment tokens are unique digital assets within the cryptocurrency and distributed ledger technology (DLT) ecosystem. This chapter explores their definition, characteristics, and role in digital finance. It delves into their technological basis, including DLT and smart contracts, and contrasts them with other tokens and traditional cryptocurrencies. Key use cases such as e-commerce, cross-border payments, and decentralized finance are discussed, highlighting benefits like transaction speed, cost, and accessibility. The chapter also addresses regulatory challenges, security concerns, and technical considerations, offering a balanced look at adoption obstacles.

Keywords: Payment token; Digital currencies; Blockchain; Distributed ledger technology (DLT); Smart contracts; Interoperability (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035339952
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