2 The Payment Industry and the Payment Tools
2.1 Introduction
To understand the inner nature of cryptocurrencies and forecast their possible future evolution, it is necessary to connect the concept of money – as described in the previous chapter – to the concept of cryptocurrencies, by an analysis of the payment industry. Cash is the fundamental pillar of any payment system, but several other payment tools and payment services have been developed to solve the issues related to the use of cash and to provide more efficient options to market traders.
The understanding of how different payment tools relate to each other, and how some payment infrastructures represent the prerequisite to develop additional payment ...
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