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author | Florian Dold <florian.dold@gmail.com> | 2019-05-26 12:33:43 +0200 |
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committer | Florian Dold <florian.dold@gmail.com> | 2019-05-26 12:33:43 +0200 |
commit | dc7eef46f0717aa21d24a4004c5d736ead3360d3 (patch) | |
tree | 56adcc624b90b29c2b107c0c300004f8454c781f /sa/sa.tex | |
parent | 4ef3a87ac066f6a7cf7170bc550e217ca2dcc38e (diff) | |
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-rw-r--r-- | sa/sa.tex | 6 |
1 files changed, 3 insertions, 3 deletions
@@ -698,11 +698,11 @@ for these questions on the basis of our technology. %cryptography. Deployment models using a truly distributed ledger will prove exceptionally -expensive and unable to handle the require transaction rates to be relevant +expensive and unable to handle the required transaction rates to be relevant for non-criminal enterprises. In contrast, cryptographic techniques like those offered by Taler require -professionally-run critical infrastructure, but will then be able to handle +professionally-run mission-critical infrastructure, but will then be able to handle transactions at rates comparable to those provided by cash today at lower cost. \paragraph{What are the emerging technologies that underpin CBDC designs and which @@ -743,7 +743,7 @@ compete with existing payment methods (cash and commercial offerings). As Taler is reserve-based, it would not compete with credit cards used by consumers to get credit. -We expect the fastest uptake to be in the market for online payments and +We expect the fastest uptake to be in the market for e-commerce payments and micropayments. Micropayments in particular will provide an alternative new business model, especially for businesses depending on online advertising for revenue today. |