Ripple, Brave, and Huobi Join Instant Global Payments Network PayID
Ripple, Brave, Huobi and 40 other companies have joined the Open Payment Coalition to launch instant payment network PayID worldwide.
More than 40 companies including Ripple, Brave and Huobi have joined forces to form the Open Payments Coalition and launch universal payments system PayID.
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.
Coin Telegraph - 19th Jun 05:06