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IEEE 2143.1 : 2020
IEEE Standard for General Process of Cryptocurrency Payment

IEEE Standard for General Process of Cryptocurrency Payment

Document No. IEEE 2143.1 Document Year 2020
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This document is published by Institute of Electrical and Electronics Engineers (IEEE)

Standard Details

Scope

This standard defines the general process of cryptocurrency payment between consumers and merchants. This process describes how a consumer purchases goods or services with cryptocurrency and how the merchant receives fiat money in return. It involves multiple aspects such as cryptocurrency payment operators playing an agent role, consumers owning cryptocurrency, merchant accessing to a cryptocurrency payment platform, banks, and cryptocurrency exchanges.

Abstract

New IEEE Standard - Active. Defined in this standard is the general process of cryptocurrency payment between consumers and merchants. This process describes how a consumer purchases goods or services with cryptocurrency and how the merchant receives fiat money in return. It involves multiple aspects such as cryptocurrency payment operators playing an agent role, consumers owning cryptocurrency, merchant accessing to a cryptocurrency payment platform, banks, and cryptocurrency exchanges.

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