Working Group Details
CPWG - Cryptocurrency Payment Working Group
CTS/BSC - Blockchain Standards Committee
|IEEE Program Manager|
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.
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.