exchange
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@ -413,7 +413,8 @@ realized as browser extensions, mobile Apps or even in custom
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hardware.
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hardware.
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\item
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\item
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{\em Exchanges} enable customers to withdraw anonymous digital coins
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{\em Exchanges}, run by for-profit financial service providers, enable
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customers to withdraw anonymous digital coins
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and merchants to deposit digital coins, in exchange for
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and merchants to deposit digital coins, in exchange for
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bank money. Coins are signed by the exchange using
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bank money. Coins are signed by the exchange using
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a blind signing scheme \cite{chaum1983blind}. Thus only
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a blind signing scheme \cite{chaum1983blind}. Thus only
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