Cryptocurrency Q&A What is the difference between CIT and MBT?

What is the difference between CIT and MBT?

FireFlyer FireFlyer Mon Dec 16 2024 | 7 answers 1489
I'm trying to understand the distinction between CIT and MBT. Could someone please explain the main differences between these two concepts or terms? What is the difference between CIT and MBT?

7 answers

Tommaso Tommaso Wed Dec 18 2024
A merchant-initiated transaction (MIT) is a type of card payment processed by a merchant.

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Chloe_jackson_athlete Chloe_jackson_athlete Wed Dec 18 2024
This payment occurs without the active involvement of the customer.

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Michele Michele Tue Dec 17 2024
It is part of an agreement established during an initial customer-initiated transaction (CIT).

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CryptoVisionary CryptoVisionary Tue Dec 17 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options.

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CryptoQueenBee CryptoQueenBee Tue Dec 17 2024
The CIT serves as the foundation for subsequent MITs.

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