 Mobile Payments and Bitcoin: Concluding Reflections on the Digital Upheaval in PaymentsBenjamin Geva
Chapter 12 in Bitcoin and Mobile Payments, 2016, pp 271-287 from Palgrave Macmillan Abstract: Abstract Mobile payments and bitcoins represent a leap forward in payments. Acknowledging that they are different, yet recognizing a common “digital” denominator, this concluding chapter outlines their salient features in the broad context of the historical evolution of payment mechanisms operated in the framework of a classical model. Thereunder, a payment order issued to a paymaster initiates the transmission of monetary value from a payer-debtor to a payee-creditor. The chapter points out that the mobile payment introduces complexities and variations reflecting its digital nature. At the same time, fundamentally, its operation is premised on that of the classical model. Conversely, not only that Bitcoin introduced new money-equivalent, it is further premised on a decentralized network within which monetary value moves without the involvement of a paymaster. Keywords: Mobile Device; Smart Card; Payment Card; Mobile Network Operator; Secure Domain (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-1-137-57512-8_12 Ordering information: This item can be ordered from DOI: 10.1057/978-1-137-57512-8_12 Access Statistics for this chapter More chapters in Palgrave Studies in Financial Services Technology from Palgrave Macmillan |
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