Assured payment refers to a mechanism designed to guarantee that a transaction will be completed successfully in cryptocurrency systems. This often involves ensuring that funds are securely transferred from one party to another, with minimal risk of failure or fraud.The process typically includes the use of smart contracts, which are self-executing agreements with the terms directly written into code. When conditions are met, the contract automatically executes the transaction, providing assurance to both parties that payment is effectively secured.Another method of assured payment could involve escrow services, where a third party temporarily holds the cryptocurrency until all agreed terms are fulfilled. Once verified, the escrow releases the funds to the intended recipient.Overall, assured payment systems enhance trust and reliability in transactions, making them appealing for both individuals and businesses.