Continuous Cash Flow Payment: Theories and Practice Framework |
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| Authors: | Xia Zhang Cong Wu |
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| Affiliation: | 1. Agricultural Information Institute of Chinese Academy of Agricultural Sciences, Beijing, China;2. Renmin University of China, National Academy of Development and Strategy, Beijing, China |
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| Abstract: | Continuous cash flow payment is the key element to complete the payment framework. While discrete cash flow payment matches the event of exchange of goods, continuous cash flow payment can closely match the process of exchange of services. We discovered that by embedding continuous cash flow models into a settlement system, continuous cash flow payment is doable under recent FinTech environment. This article constructs this novel continuous cash flow payment framework and theorizes payment practices into a unified framework. |
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| Keywords: | continuous cash flow discrete cash flow FinTech payment settlement |
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