{"id":275,"date":"2024-11-28T04:32:00","date_gmt":"2024-11-28T04:32:00","guid":{"rendered":"https:\/\/ww1.tiankii.com\/?p=275"},"modified":"2025-07-16T21:06:56","modified_gmt":"2025-07-16T21:06:56","slug":"the-bitcoin-contactless-payments-schema-bringing-bitcoin-into-everyday-transactions","status":"publish","type":"post","link":"https:\/\/www.tiankii.com\/es\/2024\/11\/28\/the-bitcoin-contactless-payments-schema-bringing-bitcoin-into-everyday-transactions\/","title":{"rendered":"The Bitcoin Contactless Payments Schema: Bringing Bitcoin into everyday transactions."},"content":{"rendered":"

Paving the way for bringing Bitcoin into everyday transactions.<\/p>\n\n\n\n

In the heart of El Salvador, a nation embracing Bitcoin’s revolutionary potential, a new narrative was unfolding. The Bitcoin Payment Schema is being built, a system designed to bridge the gap between Bitcoin the digital currency, and everyday life, built in El Salvador, Empowering the World.<\/p>\n\n\n\n

The IBI, or Individual Bitcoin Interface Standard<\/h2>\n\n\n\n

At the center of this schema was the IBI, or Individual Bitcoin Interface\u2014a simple, intuitive Bitcoin card that empowered individuals with a global, human-readable payment identifier and digital identity.  The IBI wasn’t just a piece of plastic; it was a key to unlocking the power of Bitcoin for everyone, regardless of their technical savviness.<\/p>\n\n\n\n

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Image 1: Making Bitcoin Relatable Money, source: tiankii<\/p>\n\n\n\n

The IBI operated on the Lightning Network[1], Bitcoin’s secondary layer, known for its lightning-fast and low-cost transactions. This allowed the IBI to function as a true everyday card, used for anything from buying groceries to paying for a taxi ride.Behind the scenes, BCC or the Bitcoin Command Center [4] acted as the issuer, ensuring the decentralization, security, and smooth operation of the IBI. It was the control room of the Bitcoin Payment Schema<\/strong>, managing the flow of Bitcoin and ensuring the system’s integrity, reliability, and high availability.<\/p>\n\n\n\n

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Image 2: The Bitcoin Payment Schema, source: tiankii<\/p>\n\n\n\n

Tiankii’s Bitcoin card scheme is an open, decentralized network built on the Bitcoin Lightning Network. It enables contactless Bitcoin payments using cards that adhere to open standards like LNURL[2], Lightning Address, and Bolt card [3]. Unlike traditional card schemes, anyone can join and issue cards, as long as they have a compatible lightning network wallet or operate a Lightning Network node and meet the scheme’s requirements.<\/p>\n\n\n\n

Traditional Card 4-Party Payment Scheme \u200b(Bitcoin can do it better)<\/h2>\n\n\n\n

Bitcoin NFC card schemes operate within a four-party, open-loop system, similar to\u2014but disrupting\u2014traditional card payment systems [4], where both cardholders and merchants rely on banks to transact.<\/p>\n\n\n\n

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Image 3: Traditional Card 4-Party Payment Scheme, source: Wikipedia<\/p>\n\n\n\n

Unlike traditional card schemas, this system allows consumers to seamlessly purchase goods and services directly from merchants, bypassing the need for card issuers and acquirers.<\/p>\n\n\n\n