Monday, November 23, 2020
No menu items!
  • News
  • XRP News
  • Contact Us
More

    Ripple Launches PayID with Over 40 Companies to Replace Complex Account Numbers

    Must Read

    Ripple Has Officially Added Bank of America (BoA) to the List of Top RippleNet Members on Its Website

    Ripple, the San Francisco based blockchain firm, has now officially included Bank of America (BoA) on the list of...

    Crypto Strategist Scott Melker displays His Bullishness on ADA, ETH, LTC, XRP and Three Others

    A cryptocurrency analyst, Scott Melker, popularly known in the crypto industry as Wolf Of All Streets, has revealed he’s...

    Analyst Says Ethereum (ETH) Could Target $850 Once It Surmounts This Key Resistance

    Virtually all the cryptocurrencies in the market have been enjoying the current price rally that was started by Bitcoin...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    Ripple, the San Francisco based cross-border payment firm, has announced its coalition with over 40 other related companies across the world, to launch PayID, the universal payment identifier, which will provide the replacement for complex account numbers, routing number and SWIFT code.

    This new development was published by the blockchain tech on its official website and shared with its teeming community members a couple of hours ago.

    According to the report, PayID is a free and open standard that makes interoperability possible between payment networks. And this new innovation is expected to make Sending funds to someone overseas easy.

    “Together with over 40 global companies and nonprofits, Ripple joins the Open Payments Coalition to help drive innovation forward and simplify global payments for all. Discover the coalition’s PayID, an exciting step for global interoperability,” Ripple tweeted.

    Ripple also added that PayID works across any payment network or currency, whether fiat or cryptocurrency.

    “By enabling a world where money moves as easily as information, PayID drives digital payments forward, simplifying global payments for all and brings the world one step closer to realizing the IoV. Ripple is proud to be among this coalition of industry leaders helping to establish this much-needed open standard for interoperability, so that IoV can become a reality,” Ripple stated.

    According to Ripple, its global payment network, RippleNet will integrate PayID to enhance cross-border payments in terms of interoperability.

    Xen Baynham-Herd, COO of Blockchain.com, also stressed the benefits of the new innovation, saying it will enhance the growth of the payment industry globally.

    He said:

    “Initiatives like PayID enable a future where sending money is as easy as sending an email. We’re supportive of initiatives like PayID that have the potential to bridge the worlds of crypto and traditional finance, opening up the opportunity for greater adoption and use.”

    The Open Payments Coalition include BitBNS, BitGo, BitPay, Bitrue, Bitso, Bitstamp, Blockchain.com, Brave, BRD, BTC Markets, CARE, CipherTrace, Coil, CoinField, Coinme, Coinone, Coins.ph, Crypto.com, DeeMoney, Dharma, Dwolla, FlashFX, Flutterwave, Forte, GateHub, GiveDirectly, The Giving Block, globaliD, GoPay, Huobi, Independent Reserve, Liquid, Mercury FX, Mercy Corps, Modusbox, PolySign, Standard Chartered Ventures, Sygnum, Tangem, TRISA, Unstoppable Domains, Uphold, Wyre and XUMM.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Ripple Has Officially Added Bank of America (BoA) to the List of Top RippleNet Members on Its Website

    Ripple, the San Francisco based blockchain firm, has now officially included Bank of America (BoA) on the list of...

    Crypto Strategist Scott Melker displays His Bullishness on ADA, ETH, LTC, XRP and Three Others

    A cryptocurrency analyst, Scott Melker, popularly known in the crypto industry as Wolf Of All Streets, has revealed he’s bullish on seven altcoins, including...

    Analyst Says Ethereum (ETH) Could Target $850 Once It Surmounts This Key Resistance

    Virtually all the cryptocurrencies in the market have been enjoying the current price rally that was started by Bitcoin (BTC), the largest cryptocurrency by...

    Ripple Moves to Bring XRP Ledger to the World of Central Bank Digital Currencies (CBDCs)

    Considering the latest job listing, Ripple, the San Francisco based cross-border payment firm, is moving to bring XRP Ledger to the world of Central...

    Some Analysts Predict $2.00 for XRP, but Crypto Michael Has A Little Different Opinion

    XRP, the third-largest cryptocurrency by market capitalization, has been experiencing a positive price trend over the past week, which gives its faithful traders and...

    More Articles Like This