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Profit extracted by whoever gets to order transactions in a block, by putting theirs ahead of yours. It is why a trade sometimes fills slightly worse than quoted.
Front running, and the co-location arms race that made it a business.
The European Union's crypto rulebook, notable for setting reserve and reporting requirements for stablecoin issuers. It has become a reference point well beyond Europe.
A licensing regime, of the same species as the e-money and payment services rules that came before it.
The smallest amount a service will let you load. It matters more than it sounds: a high minimum forces you to park more money on a card than you meant to.
A minimum deposit, or a minimum reload on a prepaid product.
In Kite: Ours is $0.11, so you are never pushed into loading more than you intend to spend.
A way to split a private key into shares held in different places, so no single share can move money and no single breach can steal it. The shares co-operate to sign without ever being reassembled into one key.
A safe that needs two managers turning two keys at once, except the whole key is never assembled in one room even for a moment.
In Kite: This is how Kite secures your wallet. Keys are split across parties using TSS-MPC, with social login backup so a lost phone is not a lost balance.
A wallet that needs several approvals before money moves, such as two of three designated signers. Standard for company treasuries and shared funds.
A joint account requiring two signatures, or dual authorisation on a corporate payment.
Which blockchain a transfer travels on, such as Ethereum, Base or Polygon. The same stablecoin exists on several networks and they are not interchangeable in transit. Sender and receiver must agree on one.
Choosing SWIFT, SEPA or a domestic rail. Same money, different pipe, different cost and speed, and the wrong pipe means the payment fails.
In Kite: You can top up with USDC on Base, Ethereum or Polygon, or USDT on Ethereum or Polygon.
A computer running the blockchain's software, keeping a copy of the ledger and checking that everyone else is playing by the rules.
A member bank's server in a clearing network, if any volunteer could run one and audit every other member.
Reading public blockchain data to trace flows and assess risk. Because the ledger is public, this is considerably easier than the equivalent in banking.
Transaction monitoring, except the analyst does not need a subpoena to see the data.
Moving value directly on a blockchain, from your wallet to theirs, with no bank in the middle. It settles in one step, and once it is final it stays final.
A wire or an instant payment, except settlement and messaging are the same event rather than two systems reconciling afterwards.
The live list of buy and sell offers on an exchange. The best bid and best offer meeting in the middle is the price.
The same order book, on the same principle, as any stock exchange.
Depositing more value than you borrow, for example 150 dollars of assets to draw 100. It is how lending works without credit checks.
A secured loan with a deliberately conservative loan-to-value ratio.
Value going straight from one person to another with no intermediary holding it along the way, at any hour, across any border.
Sending through a payment app, except no institution is warehousing the money overnight in between.
A login tied to your device and unlocked with your face or fingerprint, replacing the password outright. Nothing to remember and nothing to phish, because there is no secret to type.
Exactly what your banking app already does when it opens with Face ID instead of a PIN.
Singapore's instant transfer service, addressed by phone number, NRIC or company registration number, with a national QR standard layered on top. Effectively every bank and wallet in the country supports it.
A domestic instant payment scheme with one shared directory, so a phone number is enough to be paid.
The promise that one token equals one dollar, and the machinery that keeps it there. A peg holds because the issuer will always redeem a token for a real dollar, so any gap gets arbitraged away within minutes.
A currency board, like the Hong Kong dollar's link to the US dollar, where a reserve pledge rather than market sentiment sets the rate.
A payment that has been authorised but not yet settled. The amount is held, the final figure can still change, and it is why a hotel or a petrol station can show more than you agreed to.
The same pending line on the same statement, clearing in the same day or two.
A fake site, message or support agent designed to get your seed phrase, password or approval. In crypto it is the leading cause of loss by a distance, well ahead of any technical exploit.
Identical, and just as old. The difference is that a crypto payment cannot be reversed once it goes.
The plastic. Still the only thing that works at some terminals, and the only thing you can hand over at a restaurant counter.
The card in your wallet. Unchanged for fifty years, and still stubbornly necessary.
A scam run over weeks. Someone builds a friendship or a romance, then introduces an investment platform that shows steady profits and will not let you withdraw. Industrial in scale across South East Asia, much of it run from trafficked compounds.
Affinity fraud, run patiently. The relationship is the product and the platform is a stage set.
Showing 97 to 120 of 197 terms
