AutoPayments

Question

Hello, how can i emulate autopayments (like smart contract)? For example, there are two payments to do from A to B. One on xdate and the other on ydate. These installments are automatically processed, without the intervention of A and B. Is it possible?

Answer 1

You would need to handle this at the application level, rather than at the blockchain level. In general, automated payments are problematic on a blockchain because there is no way to ensure that the funds will actually be available at the time of the payment, apart from effectively making the payment immediately. See:

https://www.multichain.com/blog/2016/04/beware-impossible-smart-contract/