This standard defines the performance metrics of cryptocurrency payment between consumers and merchants required to quantify the experience assessment of both consumers and merchants, such as the duration time required to complete a transaction made in cryptocurrency through a general process of cryptocurrency payment.
- Sponsor Committee
- CTS/BSC - Blockchain Standards Committee
- Active PAR
- PAR Approval
Working Group Details
Standard for Risk Control Requirements for Cryptocurrency Payment
This standard defines the risk control requirements for cryptocurrency payment between consumers and merchants. It addresses how to control the risks on related sides and manage the security of fiat money and cryptocurrency in the value transferring process.
IEEE Standard for General Process of Cryptocurrency Payment
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.