Extension for BIP-0070 to support recurring payments

Author: Jeff Garzik 2014-01-28 04:29:55
Published on: 2014-01-28T04:29:55+00:00

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Summary:

Jeff Garzik, a Bitcoin core developer and open source evangelist, has mentioned that recurring payments and subscriptions is a frequently-requested feature in the Bitcoin network. According to him, this feature would require a new BIP (Bitcoin Improvement Proposal). The situation is said to be similar to HTML5 local storage where the remote merchant wants to initiate a persistent behavior. This indicates that implementing this feature would require careful planning and execution.

Updated on: 2023-06-08T01:47:49.449457+00:00