Circles UBI
  • Community
    • Our community
    • Individuals
    • Business
  • Our wallet
  • Blog
  • Donate
  • a
  • English
    • Deutsch
    • Turkish
    • Français
  • Menu Menu

Who can accept Circles tokens (CRC) as a payment?

Trust Network - What does “Trust“ mean in Circles?

In the Circles system, you can pay people who belong to your trust network. This means, you can pay people you trust directly, and you can also pay the trusted connections of these people. This is what we call “the trust path”, or “transitive transactions''. Transitive transaction paths require some time to be calculated as the trust network is explored. Therefore transactions might take several minutes to complete. This is especially true for larger transactions. You can read more about it in our whitepaper.

In order to receive payment from someone, you may have to trust them first if there’s no trust path between you and them. Money can flow in the opposite direction of trust too.

To check who’s in your trust network, go to your circles.garden Wallet.

November 3, 2021
Share this entry
  • Share on Twitter
https://joincircles.net/wp-content/uploads/2022/05/Circles-logo.png 0 0 Szamo https://joincircles.net/wp-content/uploads/2022/05/Circles-logo.png Szamo2021-11-03 14:03:082023-08-22 15:29:16Who can accept Circles tokens (CRC) as a payment?

Search

CIRCLES UBI

Circles UBI is an alternative currency that works something like a basic income. We launched in Oct 2020. Read our whitepaper: https://handbook.joincircles.net/docs/developers/whitepaper Or find out more at: https://joincircles.net

TAGS

Berlin Circles Community Design UBI

LATEST BLOGPOSTS

  • Dsrrptv + Dscntrlzd ≠ Dscnnctd: A Review on Disruptive Technologies and Data Protection September 10, 2023
  • Credit Where Credit is Due June 8, 2023
  • CIRCLES + COMMUNITY = CIRCLESCOOP June 6, 2023
  • Lessons Learned from Circles Berlin Pilot's Subsidy Program May 9, 2023
  • A pioneering online community platform: Circles Marketplace January 29, 2023

Slide community Our Community Individuals Business get on-boarded Handbook Circles for Business FAQ Tax Assessments Design Guidelines our wallet The meaning of trust
for Circle
How to get it! Make your wallet! Helpful links White Paper Marketplace FAQs contact us

NEWSLETTER

Sign up and receive news about Circles directly to your email

community Our Community Individuals Business get on-boarded Handbook Circles for Business FAQ Tax Assessments Design Guidelines

NEWSLETTER

Sign up and receive news about Circles directly to your email

our wallet The meaning of trust
for Circle
How to get it! Wallet helpful links White Paper Marketplace FAQs contact us
community Our Community Individuals
Business
Our wallet The meaning of trust for Circles How to get it! Make your wallet! Get on-boarded Handbook
Circles for Business FAQ
Tax Assessments Design Guidelines
helpful links White Paper Marketplace FAQs contact us

NEWSLETTER

Sign up and receive news about Circles directly to your email

  • English
Privacy Policy Terms
  • English
Privacy Policy Terms
  • English
Terms Privacy Policy

Scroll to top