Imagine if payments could be made every millisecond instead of being sent at the end of a week or a month or a quarter. Payment Streams allows users to stream funds to another account.
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Developer sets up a payment streaming smart contract
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A payer (Sender), creates a stream by depositing funds in the contract and chooses a streaming duration.
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A payee (Recipient), can withdraw money from stream equivalent to the amount of money streamed since stream creation
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The stream can be terminated by either the sender or recipient
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The sender or recipient can check the balance in the stream at any time