--- title: "Meaning & Key Takeaway of: For the first time, companies can be…" description: "\"For the first time, companies can be their own payment processors without the cumbersome or costly aspects of traditional financial settlement options...." image: "https://sms4smile.com/quotes/i/ca8/william-mougayar-12632_first-time_for-the-first-time-companies-can-be-thei_2932745.jpg" --- # For the first time, companies can be their own payment… ![“For the first time, companies can be their own payment processors without the cumbersome or costly aspects of traditional financial settlement options. Tokens offer a much lower barrier for processing end-to-end transactions inside a given market.” quote by William Mougayar](https://sms4smile.com/quotes/i/ca8/william-mougayar-12632_first-time_for-the-first-time-companies-can-be-thei_2932745.jpg) [Download](https://sms4smile.com/quotes/i/ca8/william-mougayar-12632_first-time_for-the-first-time-companies-can-be-thei_2932745.jpg) [Open image](https://sms4smile.com/quotes/i/ca8/william-mougayar-12632_first-time_for-the-first-time-companies-can-be-thei_2932745.jpg) > “For the first time, companies can be their own payment processors without the cumbersome or costly aspects of traditional financial settlement options. Tokens offer a much lower barrier for processing end-to-end transactions inside a given market.” [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Explains that tokens let companies process payments directly, bypassing traditional settlement systems. **In simple terms:** Tokens simplify payment processing. Key Takeaway Adopt token solutions for efficient transactions. Themes finance technology innovation decentralization Mood analytical forward‑looking Type business technical When to use this quote - business strategy - financial tech - startup planning Key Concepts blockchain tokenization marketplaces Questions to Reflect On - What risks do token payments pose? - How can companies ensure security? A Different Perspective Regulatory hurdles may limit adoption. ★ ★ ★ ★ ★ No ratings yet [Market](https://sms4smile.com/quotes/about/market/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [Tokens should not be listed before the start of the operations on the network, platform, or application. This is where many ICO's seem to…](https://sms4smile.com/quotes/william-mougayar/tokens-should-not-be-listed-before-the-start-of-the-operations-on-the/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [I mean a real police state just to get a token recognition of a law. It take, it took, I think, 15,000 troops and…](https://sms4smile.com/quotes/malcolm-x/i-mean-a-real-police-state-just-to-get-a-token-recognition-of-a-law/) [Malcolm X](https://sms4smile.com/quotes/author/malcolm-x/) > [The Lord's supper is memorative, and so it has the nature and use of a pledge or token of love, left by a dying…](https://sms4smile.com/quotes/john-flavel/the-lord-s-supper-is-memorative-and-so-it-has-the-nature-and-use-of-a/) [John Flavel](https://sms4smile.com/quotes/author/john-flavel/) > [“So we introduced a token system.9 The children were given ten tokens at the beginning of the week. These could each be traded in…](https://sms4smile.com/quotes/anonymous/so-we-introduced-a-token-system-9-the-children-were-given-ten-tokens/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Only man can stop being fully man. He can ascend above all degres of universal existence and by the same token fall below the…](https://sms4smile.com/quotes/seyyed-hossein-nasr/only-man-can-stop-being-fully-man-he-can-ascend-above-all-degres-of/) [Seyyed Hossein Nasr](https://sms4smile.com/quotes/author/seyyed-hossein-nasr/) > [Purpose ... is held to be most closely connected with virtue, and to be a better token of our character than are even our acts.](https://sms4smile.com/quotes/aristotle/purpose-is-held-to-be-most-closely-connected-with-virtue-and-to-be-a/) [Aristotle](https://sms4smile.com/quotes/author/aristotle/) > [Even in the wildest storms the sky is not all dark; and so in the darkest dealings of God with His children, there are…](https://sms4smile.com/quotes/robert-murray-m-cheyne/even-in-the-wildest-storms-the-sky-is-not-all-dark-and-so-in-the/) [Robert Murray M'Cheyne](https://sms4smile.com/quotes/author/robert-murray-m-cheyne/) > [“utility or usage tokens can simplify transaction execution inside of a Dapp. When you go to an amusement park, you typically exchange fiat currency…](https://sms4smile.com/quotes/andrew-j-chapin/utility-or-usage-tokens-can-simplify-transaction-execution-inside-of/) Andrew J. Chapin > [Silence is no certain token that no secret grief is there; Sorrow which is never spoken is the heaviest load to bear.](https://sms4smile.com/quotes/frances-ridley-havergal/silence-is-no-certain-token-that-no-secret-grief-is-there-sorrow/) [Frances Ridley Havergal](https://sms4smile.com/quotes/author/frances-ridley-havergal/) > [Do you know when people really become spiritual? It is when they become the slaves of God and are branded with His sign, which…](https://sms4smile.com/quotes/teresa-of-vila/do-you-know-when-people-really-become-spiritual-it-is-when-they/) [Teresa of Avila](https://sms4smile.com/quotes/author/teresa-of-vila/) > [In ancient Boeotia brides were carried home in vehicles whose wheels were burned at the door, in token, that they would never again be…](https://sms4smile.com/quotes/thomas-wentworth-higginson/in-ancient-boeotia-brides-were-carried-home-in-vehicles-whose-wheels/) [Thomas Wentworth Higginson](https://sms4smile.com/quotes/author/thomas-wentworth-higginson/) > [A woman with cut hair is a filthy spectacle, and much like a monsterit being natural and comely to women to nourish their hair,…](https://sms4smile.com/quotes/william-prynne/a-woman-with-cut-hair-is-a-filthy-spectacle-and-much-like-a-monsterit/) [William Prynne](https://sms4smile.com/quotes/author/william-prynne/) > [People are all purpose tokens, but you must remember each adds, subtracts, multiplies, divides, integrates... in its unique way. It is difficult and unfair…](https://sms4smile.com/quotes/mariana-fulger/people-are-all-purpose-tokens-but-you-must-remember-each-adds/) [Mariana Fulger](https://sms4smile.com/quotes/author/mariana-fulger/) > [Think about who you are. Think about how nice you can be to another person. By the same token then, to have your own…](https://sms4smile.com/quotes/tommy-wiseau/think-about-who-you-are-think-about-how-nice-you-can-be-to-another/) [Tommy Wiseau](https://sms4smile.com/quotes/author/tommy-wiseau/) > [The condition of the church may be very accurately gauged by its prayer meetings. So is the prayer meeting a grace-ometer, and from it…](https://sms4smile.com/quotes/charles-spurgeon/the-condition-of-the-church-may-be-very-accurately-gauged-by-its/) [Charles Spurgeon](https://sms4smile.com/quotes/author/charles-spurgeon/) ## More by William Mougayar > [Tokens should not be listed before the start of the operations on the network, platform, or application. This is where many ICO's seem to…](https://sms4smile.com/quotes/william-mougayar/tokens-should-not-be-listed-before-the-start-of-the-operations-on-the/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [A blockchain-based startup could have a product/service as part of what they are developing, but their stride is best hit when they are also…](https://sms4smile.com/quotes/william-mougayar/a-blockchain-based-startup-could-have-a-product-service-as-part-of/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Crowdsourced funding via cryptocurrencies is a viable practice. A lot of good ideas and innovative companies are coming out of it. This segment is…](https://sms4smile.com/quotes/william-mougayar/crowdsourced-funding-via-cryptocurrencies-is-a-viable-practice-a-lot/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Conceivably, blockchains could rely on a number of standards above the Internet's existing standards to allow a smooth bridging from one layer to another.…](https://sms4smile.com/quotes/william-mougayar/conceivably-blockchains-could-rely-on-a-number-of-standards-above-the/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [In the increasingly digital world, data is a valuable currency, yet as consumers, we control and own little of it. As consumers, we must…](https://sms4smile.com/quotes/william-mougayar/in-the-increasingly-digital-world-data-is-a-valuable-currency-yet-as/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [A new DAO is like a startup. It requires a product/market fit, business model realization, and a lot of users/customers.](https://sms4smile.com/quotes/william-mougayar/a-new-dao-is-like-a-startup-it-requires-a-product-market-fit-business/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [If you think about the web, the web has been an incredible development platform, and everything today is developed on the web. In the…](https://sms4smile.com/quotes/william-mougayar/if-you-think-about-the-web-the-web-has-been-an-incredible-development/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [A token is not a short term carrot, nor a stick for that matter. Just having a token doesn't mean that you have a…](https://sms4smile.com/quotes/william-mougayar/a-token-is-not-a-short-term-carrot-nor-a-stick-for-that-matter-just/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Let's hope the Canadian public sector starts putting the blockchain on their agenda so we can see a significant difference in how government services…](https://sms4smile.com/quotes/william-mougayar/let-s-hope-the-canadian-public-sector-starts-putting-the-blockchain/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [The blockchain applications market is unravelling along a segmentation of activity that is spread along two sets of variables: private vs. public blockchains, and…](https://sms4smile.com/quotes/william-mougayar/the-blockchain-applications-market-is-unravelling-along-a/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [With the influx of available cryptocapital that has become widely accessible, it's going to be interesting to watch what happens next, because companies now…](https://sms4smile.com/quotes/william-mougayar/with-the-influx-of-available-cryptocapital-that-has-become-widely/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [“THE MORE FOUNDATIONAL A TECHNOLOGY IS, the more impact it can have. Blockchain technology is not a process improvement technology. At its fullest deployment…](https://sms4smile.com/quotes/william-mougayar/the-more-foundational-a-technology-is-the-more-impact-it-can-have/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Until there are tangible metrics for quantifying the real value of a token's utility, the gap between value and valuation will continue to defy…](https://sms4smile.com/quotes/william-mougayar/until-there-are-tangible-metrics-for-quantifying-the-real-value-of-a/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [As we prepare to enter the cryptoconomy, undoubtedly it looks fuzzy, foggy, risky, buggy, uncertain and unproven, but so did the Internet in 1995.](https://sms4smile.com/quotes/william-mougayar/as-we-prepare-to-enter-the-cryptoconomy-undoubtedly-it-looks-fuzzy/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [If blockchain technologies ignore the eventuality of standards, we are going to see less adoption. Maybe we should think of the blockchain as a…](https://sms4smile.com/quotes/william-mougayar/if-blockchain-technologies-ignore-the-eventuality-of-standards-we-are/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) [Explore all 54 William Mougayar quotes ](https://sms4smile.com/quotes/author/william-mougayar/) ## More First time quotes > [A man walks down the street. It's a street in a strange world. Maybe it's the third world. Maybe it's his first time around.…](https://sms4smile.com/quotes/paul-simon/a-man-walks-down-the-street-it-s-a-street-in-a-strange-world-maybe-it/) [Paul Simon](https://sms4smile.com/quotes/author/paul-simon/) > [“I’m so stressed that a weird Olympic-style commentary starts up in my head. 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And for the first…](https://sms4smile.com/quotes/alexandra-monir/i-m-waiting-for-you-he-murmured-smiling-a-slow-familiar-grin-that/) [Alexandra Monir](https://sms4smile.com/quotes/author/alexandra-monir/) > [“Treat every natural beauty you met as if you see them for the first and last time!”](https://sms4smile.com/quotes/mehmet-murat-ildan/treat-every-natural-beauty-you-met-as-if-you-see-them-for-the-first/) [Mehmet Murat ildan](https://sms4smile.com/quotes/author/mehmet-murat-ildan/) > [“I won’t break your heart. For the first time in my life, I’ve found something worth fighting for, someone more important than me.”](https://sms4smile.com/quotes/chelle-bliss/i-won-t-break-your-heart-for-the-first-time-in-my-life-i-ve-found/) [Chelle Bliss](https://sms4smile.com/quotes/author/chelle-bliss/) > [Life is like a parachute jump: you have to get it right the first time.](https://sms4smile.com/quotes/ritu-ghatourey/life-is-like-a-parachute-jump-you-have-to-get-it-right-the-first-time/) [Ritu Ghatourey](https://sms4smile.com/quotes/author/ritu-ghatourey/) > [When I was in my twenties and just so sexually prolific, the first time I went to Machu Picchu, this guy, a spiritual teacher,…](https://sms4smile.com/quotes/woody-harrelson/when-i-was-in-my-twenties-and-just-so-sexually-prolific-the-first/) [Woody Harrelson](https://sms4smile.com/quotes/author/woody-harrelson/) > [When my kids were in the school play for the first time, I decided I had to make the costumes from scratch and bought…](https://sms4smile.com/quotes/sarah-alexander/when-my-kids-were-in-the-school-play-for-the-first-time-i-decided-i/) [Sarah Alexander](https://sms4smile.com/quotes/author/sarah-alexander/) > [“I will run every mile, i will save every line, i will say i reached the top and i will fall back down standing.…](https://sms4smile.com/quotes/mennah-al-refaey/i-will-run-every-mile-i-will-save-every-line-i-will-say-i-reached-the/) Mennah al refaey > [“Or maybe your magic isn't that destructive after all. 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