Payments currencies can be used as a form of

Payments processing is a cornerstone of global banking and
essential to the supply of goods and services within all markets. The entire
payments process is reliant on trust between parties, primarily
between the buyer and supplier.   This
is a key issue in every industry.  This trust comes in multiple forms:
trust in the liquidity of the buyer and supplier; trust in the liquidity of
supply chains; trust in parties honouring purchasing agreements; trust in
domestic and international banking systems; stability of exchange rates and a
number of other issues.

Today payments are conducted using fiat currencies, that are
legal tender and are backed by an issuing government. The Australian dollar,
U.S. dollar, Euro are examples of fiat currencies, as are most other major
world currencies. This differs from money whose value is underpinned by some
physical good such as gold or silver (commodity money).

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Digital currency is also emerging as a source of value
transfer.  Digital currencies (example – bitcoin), also known as
cryptocurrencies,  are currencies that underpin value through the use of
cryptographic puzzles with limited solutions (therefore creating scarcity),
abstracting a physical or fiat based asset into ‘tokens’, or via a number of
other mechanisms such as ‘proof of stake’.   The transaction
histories of these blockchain based solutions are kept in what is known as a
‘ledger’, which is most cases is an immutable record of current holdings and
past transactions

As with FIAT or Commodity based currencies, digital
currencies can be used as a form of P2P digital money, purely relying on the
blockchain ledger and verification through encryption algorithms, rather than a
centrally controlled entity like a central bank.

In the cryptographic currency market place there are few
viable solutions for business to business transactions.  Emerging
organisations such as the request network provide solutions to invoicing but
not to liquidity constraints.Payments processing is a cornerstone of global banking and
essential to the supply of goods and services within all markets. The entire
payments process is reliant on trust between parties, primarily
between the buyer and supplier.   This
is a key issue in every industry.  This trust comes in multiple forms:
trust in the liquidity of the buyer and supplier; trust in the liquidity of
supply chains; trust in parties honouring purchasing agreements; trust in
domestic and international banking systems; stability of exchange rates and a
number of other issues.

Today payments are conducted using fiat currencies, that are
legal tender and are backed by an issuing government. The Australian dollar,
U.S. dollar, Euro are examples of fiat currencies, as are most other major
world currencies. This differs from money whose value is underpinned by some
physical good such as gold or silver (commodity money).

Digital currency is also emerging as a source of value
transfer.  Digital currencies (example – bitcoin), also known as
cryptocurrencies,  are currencies that underpin value through the use of
cryptographic puzzles with limited solutions (therefore creating scarcity),
abstracting a physical or fiat based asset into ‘tokens’, or via a number of
other mechanisms such as ‘proof of stake’.   The transaction
histories of these blockchain based solutions are kept in what is known as a
‘ledger’, which is most cases is an immutable record of current holdings and
past transactions

As with FIAT or Commodity based currencies, digital
currencies can be used as a form of P2P digital money, purely relying on the
blockchain ledger and verification through encryption algorithms, rather than a
centrally controlled entity like a central bank.

In the cryptographic currency market place there are few
viable solutions for business to business transactions.  Emerging
organisations such as the request network provide solutions to invoicing but
not to liquidity constraints.