Ripple, Brave, Huobi and 40 other companies have joined the Open Payment Coalition to launch instant payment network PayID worldwide.
Reaching more than 100 million consumers, the new payment process will allow users to send or receive money anywhere in the world across any payment network in real time.
Users can provide an email address or a phone number linked to their bank account to instantly receive money without requiring complicated bank account numbers, international codes, routing numbers or SWIFT IDs.
Cryptocurrency and blockchain companies involved include BitGo, BitPay, Bitrue, Bitso, Bitstamp, Blockchain.com, Brave, BTC Markets, CipherTrace, Coinone, Crypto.com, Huobi, Independent Reserve, Liquid, Ripple and many more.
Ripple’s Ethan Beard said PayID aimed to make global payments simple and fast. “If sending a payment were as seamless as sending an email or text, we would all send more payments quickly and easily around the world,” he said.
Liquid Group Inc CEO Mike Kayamori said cryptocurrency would be a key component: “Payments will need to be interoperable between fiat and cryptocurrency, and easy to send and receive across the globe.”
PayID is the next step
PayID is already in wide use in Australia, where it was progressively introduced over the last three years. The majority of bank and crypto exchange users in the country can send and receive instant money transfers at any time, 24/7.
Caroline Bowler, CEO of Australian based exchange BTC Markets CEO said that the global PayID system followed Australia’s 2018 introduction of the New Payments Platform (NPP):
“PayID is a crucial next-step in infrastructure that will bring ease of payments to an international audience.”
Reprinted from Cointelegraph. All copyrights are reserved by the original author.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.