International Journal of Engineering and Information Systems (IJEAIS)
  Year: 2018 | Volume: 2 | Issue: 12 | Page No.: 52-58
Innovation of Secure Payment Gateway Principles from Cash to Bitcoin
Arif Sari

Abstract:
There was no need in money for the primitive man - all he could did himself could be exchanged with a neighbor. Lately instead of this tradition the payment by noble metals appeared. Afterwards they started to mint coins, and then the banknotes appeared. Nowadays credit cards joined our usual way of paper money payment that gives us an opportunity to pat services via ATM or terminal. Credit cards for payments stay popular for a long time. Actually, the first credit card didn't look like usual rectangles we used to see every day - it wasn't even plastic, metal though. Metal cards were constantly improving. Only in the 1975 electronic payments got available. People got an opportunity to pay everything via ATM without visiting a bank and getting cash. Formed inter-bank card associations - NBI (known as Visa International) and ICA (MasterCard International) are still the major players in the cashless payment market. While one theorized about money incredible future, others - the supporters of info value - proved their correctness in practice. Bitcoin are well-known for 9 years already and they flip all the basis of currency system. This research paper investigates the changes and development of security gateway and preference of usage of period of payments from the cash to bitcoin which is new digital currency.