Cryptocurrency Q&A
What is token pay?
What is token pay?
HanRiverVision
Tue Nov 05 2024
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5
answers
697
I've heard about token pay recently and I'm trying to understand what it is. Can someone explain to me the concept of token pay and how it works? I'm particularly interested in its usage and the benefits it offers.
5 answers
HallyuHeroLegend
Thu Nov 07 2024
The primary intention of the payer in making such a payment is not to fully settle the debt.
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alexander_rose_writer
Thu Nov 07 2024
Instead, it serves as an acknowledgment of the obligation that still remains.
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BlockchainEmpiress
Thu Nov 07 2024
This type of payment can be seen as a symbolic gesture, recognizing the existence of the debt without necessarily making a significant effort to reduce it.
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DigitalLegendGuard
Thu Nov 07 2024
A token payment is a financial transaction characterized by its minimal amount.
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CryptoWizardry
Thu Nov 07 2024
It is made in relation to a debt that is owed by one party to another.
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