What does peppercoin mean?

Definitions for peppercoin
pep·per·coin

Here are all the possible meanings and translations of the word peppercoin.


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Freebase

  1. Peppercoin

    Peppercoin is a cryptographic system for processing micropayments. Peppercoin Inc. was a company that offers services based on the peppercoin method. The peppercoin system was developed by Silvio Micali and Ron Rivest and first presented at the RSA Conference in 2002 The core idea is to bill one randomly selected transaction a lump sum of money rather than bill each transaction a small amount. It uses "universal aggregation", which means that it aggregates transactions over users, merchants as well as payment service providers. The random selection is cryptographically secure -- it cannot be influenced by any of the parties. It is claimed to reduce the transaction cost per dollar from 27 cents to "well below 10 cents." Peppercoin, Inc. was a privately held company founded in late 2001 by Micali and Rivest based in Waltham, MA. It has secured about $15M in venture capital in two rounds of funding. Its services have seen modest adoption. Peppercoin collects 5-9% of transaction cost from the merchant. Peppercoin, Inc. was bought out in 2007 by Chockstone for an undisclosed amount.

CrunchBase

  1. Peppercoin

    Peppercoin, Inc. was acquired by Chockstone, Inc. Peppercoin, Inc. operates as a payments technology company. It provides small payments suite for various payment models, including pre-paid, subscription, and pay-as-you-go with Intelligent Aggregation. It serves digital, mobile, and physical point-of-sale merchants. It has a strategic partnership with Duncan Solutions, Inc. The company was founded in 2001 and is headquartered in Waltham, Massachusetts.

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Numerology

  1. Chaldean Numerology

    The numerical value of peppercoin in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of peppercoin in Pythagorean Numerology is: 9

Images & Illustrations of peppercoin

  1. peppercoin

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    a convex shape that narrows toward a point
    • A. subrogation
    • B. flunkey
    • C. substrate
    • D. taper

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