I would like to understand how RTC payment operates. Specifically, I'm interested in the process, the requirements, and any other relevant details about how this payment method functions.
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    CryptoProphet
    Thu Nov 28 2024
   
  
    An RTC transaction represents a specific type of electronic payment within the banking system.
  
  
 
            
            
  
    
    Raffaele
    Wed Nov 27 2024
   
  
    The destination of these funds is the account of a beneficiary.
  
  
 
            
            
  
    
    Carolina
    Wed Nov 27 2024
   
  
    This transaction is initiated by the payer, who issues an instruction to the paying bank.
  
  
 
            
            
  
    
    Dario
    Wed Nov 27 2024
   
  
    The paying bank plays a crucial role in facilitating this transaction.
  
  
 
            
            
  
    
    Leonardo
    Wed Nov 27 2024
   
  
    Upon receiving the payment instruction, the paying bank ensures that the beneficiary's account is credited within 60 seconds.