dido:public:ra:1.2_views:3_taxonomic:5_digital_assets:02_tokens:payment
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| [[dido:public:ra:1.2_views:3_taxonomic:5_digital_assets:02_tokens:start| Return to Tokens]] | [[dido:public:ra:1.2_views:3_taxonomic:5_digital_assets:02_tokens:start| Return to Tokens]] | ||
| - | **Payment Tokens** are **Digital Assets** are designed to operate in the same manner as a traditional currencies such as the US dollar, euro or other form of [[dido:public:ra:xapend:xapend.a_glossary:f:fiat_currency]]. Money is defined as anything that is a store of value, medium of exchange or unit of account. Payment tokens are designed and developed to be used in a similar way as sovereign money. Unlike the tokens discussed above, payment tokens do not represent an asset or a specific right, but rather create value through their scarcity, their ability to be transferred near instantly between parties, or by some other value proposition. Bitcoin is the first and most well-known example of a payment token. Bitcoin is designed to be scarce and thereby derives value through limitation of supply. Since bitcoin was introduced, other payment tokens such as litecoin and Facebook’s Libra have been undergoing development. Payment tokens have become popular due to their ease of use and the ability for users to send money almost instantaneously without the involvement of a central bank. | + | **Payment Tokens** are **Digital Assets** designed to operate in the same manner as traditional currencies such as the US dollar, euro or other form of [[dido:public:ra:xapend:xapend.a_glossary:f:fiat_currency]]. Money is defined as anything that is a store of value, medium of exchange or unit of account. Payment tokens are designed and developed to be used in a similar way as sovereign money. Unlike other kinds of tokens (asset, utility, and hybrid), payment tokens do not represent an asset or a specific right, but rather create value through their scarcity and their ability to be transferred near instantly between parties or by some other value proposition. Bitcoin is the first and most well-known example of a payment token. Bitcoin is designed to be scarce and thereby derives value through limitation of supply. Since bitcoin was introduced, other payment tokens such as litecoin and Facebook’s Libra have been undergoing development. Payment tokens have become popular due to their ease of use and the ability for users to send money almost instantaneously without the involvement of a central bank. |
| - | (( | + | See Murray and Auch(( |
| Mark Murray, Sam Auch, | Mark Murray, Sam Auch, | ||
| __Understanding Digital asset Calssifications__, | __Understanding Digital asset Calssifications__, | ||
dido/public/ra/1.2_views/3_taxonomic/5_digital_assets/02_tokens/payment.1632841799.txt.gz · Last modified: 2021/09/28 11:09 by nick
