Ideal for embedded devices

In IoT world an ideal solution for embedded payment has to:

  • use big market cap/most used/most supported crypto — using the currency with bigger market capitalization allow more people to use the solution,
  • allow immediate transactions — if you are in front of a vending machine you want receive immediately the product you paid for,
  • use low fees — if I want to enable micro-payments the fees cannot be too much high in order to be competitive with other payment technologies,
  • compatible with embedded devices - based on MQTT like communication ans Public-key cryptography.

Lightning Network based

Embedded Cash use the Lightning Network on the Bitcoin chain in order to allow micro-payments transactions.

EXAMPLE

Open Protocol

Embedded Cash is developed as an open protocol covered by Creative Common license - Attribution 4.0 International (CC BY 4.0).

© Valerio Vaccaro 2018. Design: HTML5 UP.