Ripple Joins Instant Global Payments Network PayID

 

A US-based technology company, Ripple Labs Inc. is uniting over 40 international nonprofit and for-profit organisations to release the PayID, which is a global payment identifier.

As the official announcement states, Ripple is now member of the Open Payments Coalition that is going to release PayID, an international payments network, providing people around the globe the option to make payments without any difficulty and issues. Besides Ripple, the Open Payments Coalition includes crypto sphere such as GoPay, Blockchain.com, Brave, BitPay, etc.

PayID is a free & open standard that is intended to become a single, international payment network, providing anyone an option to pay any person or business anywhere in the world instantly without any issue. In this standard, no one has a control or sets the terms for joining, as a result, stimulating the natural growth. It works through any payment network and currency: it can be crypto or fiat currency.

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