  FastPay allows a set of distributed authorities, some of which are Byzantine,
to maintain a high-integrity and availability settlement system for pre-funded
payments. It can be used to settle payments in a native unit of value
(crypto-currency), or as a financial side-infrastructure to support retail
payments in fiat currencies. FastPay is based on Byzantine Consistent Broadcast
as its core primitive, foregoing the expenses of full atomic commit channels
(consensus). The resulting system has low-latency for both confirmation and
payment finality. Remarkably, each authority can be sharded across many
machines to allow unbounded horizontal scalability. Our experiments demonstrate
intra-continental confirmation latency of less than 100ms, making FastPay
applicable to point of sale payments. In laboratory environments, we achieve
over 80,000 transactions per second with 20 authorities---surpassing the
requirements of current retail card payment networks, while significantly
increasing their robustness.
