Visa Facilitates Automatic Payments For Crypto Wallets
January 11, 2023 ⚊ 1 Min read ⚊ Views 83 ⚊ BUSINESS
A Deep Dive Into Account Abstraction!
A more flexible approach to verifying transactions on the blockchain that permits the creation of planned transactions even when there are insufficient funds is what AA proposes. It enables the construction of an orderly solution for automatic payments.
It is possible to customize and schedule AA’s validity requirements within a smart contract. It is valid for the specific account rather than embedding transaction validity rules into the Ethereum protocol. Also, it applies them uniformly to all transactions.
Therefore, by enabling the user to specify validity conditions that no longer involve signature verification, AA makes automated payments conceivable even in the lack of money at the time they are programmed.
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