When C2C payments hit the mainstream, they’re not being taken care of by legacy payment systems
It’s been a while since we saw a major new payment system coming to the mainstream — but there’s a new contender to the crowded pack: C2Cs.
And they’re here to stay.
Today, PayPal announced it will introduce C2c payments, a new payment protocol that it says will provide an easier and faster way to pay for goods and services.
The payment system uses blockchain technology to make it easier for businesses to manage their payments.
The company claims the system will be “revolutionizing how businesses pay.”
PayPal is betting big on C2cs by launching the C2coins API , which will allow merchants to pay customers for goods using blockchain technology.
This will allow businesses to set up payment systems that don’t rely on third parties.
The C2coin API will also allow users to pay a service, such as a grocery store or a restaurant, on behalf of another customer.
In order to use C2, a merchant needs to be able to generate a C2 coin — essentially a payment of sorts.
This coin is sent to a C-network, which then transfers it to the recipient.
This is done by a third party called a CCT (c2-payment system).
As you can see from the image below, there’s an API endpoint for merchants that lets them get started with the C-payments system.
The platform will be free for merchants to use, but they’ll need to be paid for their service in some way.
There’s no set minimum number of C-coins a merchant can have, but there is an incentive for them to add more C-coin payment processors to their network.
Here’s how C2-payment systems work in the world of commerce, via Cointech:PayPal’s C2 payments are similar to how payment processors like Amazon’s Stripe work, except they’re using blockchain-based payment systems instead of traditional payment networks.
PayPal says it plans to offer C2 payment systems for all payment processors in the future.
C2payment systems aren’t just for retailers and restaurants.
The company is planning to make C2 systems for hospitals, insurance companies, and many more businesses.
According to the company, C2 coins will become the new payment standard for most industries.
And in the process, C3s will be replaced by C2s.
This means that businesses can now pay for things like shipping, healthcare, and much more with their money.
As we’ve written before, there are plenty of ways to use blockchain-backed cryptocurrencies for transactions that don�t involve a bank or credit card.
The C2 and C3 protocols allow you to do just that, and PayPal says it will soon be adding more C2 options to its platform.
Payment processors will be able add more options to their payment networks using blockchain, so you can now start using C2 system payments right out of the gate.