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Re: [Taler] Is an exchange also a merchant?

From: Sebastian
Subject: Re: [Taler] Is an exchange also a merchant?
Date: Fri, 14 Jan 2022 12:06:24 -0300
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Hi Clavin,

think the exchange as the ATM that allows you to get GNU Taler coins if
you wire transfer some money or it will wire transfer money back to you
if you deposit coins minted by it. It's not selling access, it's
charging fee by using it.

To use the coins you will need a wallet that will execute the part of
the protocol to withdraw and deposit.

The merchant is another participant that without withdrawing coins is
able to deposit and get money by wire transfer from an exchange. How? It
create a contract_term specifying amount (among other things), ask
someone else to spend the coins in the contract (signing the contract
with coins) and then sending the contract to the exchange.

Does this make more sense?

On 14/1/22 11:40, Calvin Burns via Taler wrote:
> What is the difference between merchant and exchange?
> An exchange is selling access to "the" ledger system.
> So an exchange is also a merchant?
> Does an exchange also have to setup and taler merchant infrastructure for 
> itself?

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