Programmable payment infrastructures are the automation transformation process of the payment system for the new business model, which is reducing the barriers for newcomers to enter the markets and increasing their competitive strength. Within the infrastructure, it is quite blurring the distinction between programmable money and programmable payments. The two terms are often used interchangeably, still there is a critical difference, while programmable money refers the DLT-based tokens with an inherent logic, programmable payment refers to automated payments triggered by DLT-based smart…
