Ripple: Supports PayID
- In the near future a single, global payment network will also enable anyone to easily pay any person or business instantly
- Payments will no longer run over fragmented networks using proprietary standards to complicated account numbers
- To achieve this vision Ripple joins over 40 global companies and nonprofits as a member of the newly formed Open Payments Coalition
- PayID is a free and also open standard that allows for interoperability between payment networks
- PayID also allows for organic growth where no single company can control or set the terms for joining
- Ripple is proud to be among this coalition of industry leaders helping to establish this much-needed open standard for interoperability
