Cryptocurrency Q&A
What is lynx payments?
What is lynx payments?
Martina
Fri Nov 01 2024
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5
answers
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Lynx payments is a high-value payment system in Canada, operated by Payments Canada. It was launched to replace the previous LVTS system, aiming to improve efficiency and reduce risks in large-scale transactions. Lynx handles a significant volume of payments, ensuring the smooth Flow of funds in the Canadian economy.
5 answers
Giulia
Sun Nov 03 2024
The core function of Lynx is to ensure settlement occurs immediately.
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CryptoPioneer
Sun Nov 03 2024
This immediate settlement happens after the clearing of each payment.
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Tommaso
Sun Nov 03 2024
The system facilitates the instant transfer of funds.
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Margherita
Sun Nov 03 2024
Lynx operates as a real-time gross settlement (RTGS) system.
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Leonardo
Sun Nov 03 2024
These funds are moved in central bank money.
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