What is Payment versus Payment (PvP)?

Payment versus Payment (PvP)

Crypto

Payment versus Payment (PvP): Payment versus payment settles two currencies simultaneously, eliminating the cross-border risk that one side pays and the other fails.

Related terms

Delivery versus Payment (DvP)
Payment for Order Flow
Payment Rail
Payment Stablecoin
Preference Payment
Qubit-limited versus error-limited
Scale-up versus scale-out

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