Corpus ID: 229180882

Towards a Two-Tier Hierarchical Infrastructure: An Offline Payment System for Central Bank Digital Currencies

@article{Christodorescu2020TowardsAT,
  title={Towards a Two-Tier Hierarchical Infrastructure: An Offline Payment System for Central Bank Digital Currencies},
  author={Mihai Christodorescu and W. Gu and R. Kumaresan and M. Minaei and Mustafa Safa Ozdayi and B. Price and Srinivasan Raghuraman and Muhammad Saad and Cuy Sheffield and Minghua Xu and M. Zamani},
  journal={ArXiv},
  year={2020},
  volume={abs/2012.08003}
}

Mihai Christodorescu, W. Gu, +8 authors M. Zamani

Published 2020

Computer Science

ArXiv

Digital payments traditionally rely on online communications with several intermediaries such as banks, payment networks, and payment processors in order to authorize and process payment transactions. While these communication networks are designed to be highly available with continuous uptime, there may be times when an end-user experiences little or no access to network connectivity. The growing interest in digital forms of payments has led central banks around the world to explore the… CONTINUE READING

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