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Topic: Are any wallet services working on recurring payments? (Read 1137 times)

hero member
Activity: 812
Merit: 1000
A true automatic recurring payment system could be implemented by a hosted wallet.  Not the kind of wallet that blockchain.info has, but the kind where the hosting service maintains the private keys like MtGox and Coinbase offer.

walletbit has exactly this already
legendary
Activity: 1330
Merit: 1000
Bitcoin
Coinbase will have it soon.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Open Transactions can do recurring payments, and invoicing.
It would simply require the wallet service to implement an OT layer between bitcoin and the web front end.
legendary
Activity: 1400
Merit: 1013
You'll probably only ever see recurring invoice delivery.
legendary
Activity: 3528
Merit: 4945
A true automatic recurring payment system could be implemented by a hosted wallet.  Not the kind of wallet that blockchain.info has, but the kind where the hosting service maintains the private keys like MtGox and Coinbase offer.
sr. member
Activity: 294
Merit: 250
And if they do how would it work? Would you just generate a new wallet with a private key and have it be shared with the marchant and then the merchant would simply deduct funds from that wallet on whatever timed schedule they have? 
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