40+ crypto companies comes together for one solution

IamAltcoinfan

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homt.net

Quote from: Tipstar on June 19, 2020, 03:42:38 AM

The well known businesses in crypto industry, BitGo, BitPay, Bitrue, Bitso, Bitstamp, Blockchain.com, Brave, BTC Markets, CipherTrace, Coinone, Crypto.com, Huobi, Independent Reserve, Liquid, Ripple and many more are doing a partnership to bring an universal PaymentID system where users be able to send and receive cash and crypto interchangeably and globally.
If anyone can make global crypto adoption possible, it's this partnership. What impact do you think this would make?

https://cointelegraph.com/news/ripple-brave-and-huobi-join-instant-global-payments-network-payid

Its really great even i was watching robert kiosoki ( Rich dad Poor Dad Author ) Video . Even he is worried about global fiat currency inflation how the governments and Reserve federal banks are printing money how it will cause global currency inflation we seriously need some solution for currency inflation i hope this crypto platform partnership solve the solution and we can fearlessly invest on crypto currency for the future .

drumamat

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Quote from: Tipstar on June 19, 2020, 03:42:38 AM

The well known businesses in crypto industry, BitGo, BitPay, Bitrue, Bitso, Bitstamp, Blockchain.com, Brave, BTC Markets, CipherTrace, Coinone, Crypto.com, Huobi, Independent Reserve, Liquid, Ripple and many more are doing a partnership to bring an universal PaymentID system where users be able to send and receive cash and crypto interchangeably and globally.
If anyone can make global crypto adoption possible, it's this partnership. What impact do you think this would make?

https://cointelegraph.com/news/ripple-brave-and-huobi-join-instant-global-payments-network-payid

Many people are happy when companies merge but the merger does not always bring a positive result. All companies listed by You can develop independently.

tbterryboy

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Quote from: Tipstar on June 19, 2020, 03:42:38 AM

The well known businesses in crypto industry, BitGo, BitPay, Bitrue, Bitso, Bitstamp, Blockchain.com, Brave, BTC Markets, CipherTrace, Coinone, Crypto.com, Huobi, Independent Reserve, Liquid, Ripple and many more are doing a partnership to bring an universal PaymentID system where users be able to send and receive cash and crypto interchangeably and globally.
If anyone can make global crypto adoption possible, it's this partnership. What impact do you think this would make?

Anything which is not ensuring privacy of users and not compatible with decentralization may not get consistent support from this crypto space. If they work in a way to ensure individual's privacy oriented project then we can see they may stay with us. A payment processor is needed for linking all of us for quick and reliable payment methods and I guess this may provide such an opportunity.

I do dream about instant bitcoin payments so that I start using BTCs for my shopping without waiting for confirmations to happen which usually may take up to 10 minutes of time. If these companies work on bringing such a system then we can expect this community to support them on first glance itself.

qiwoman2

legendary

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Oikos.cash | Decentralized Finance on Tron

Now that the current financial system is on it's last legs and very weak. This is the time where the Crypto Industry can start making waves, not just ripples in the water. These are the kind of collaborations we need to make Crypto Great and show the world we are not just a sea of shit coins but we are an Ocean of unprecedented Technology that can solve many of the problems that are keeping Mankind back from evolving into something more advanced and also more organized. I am optimistic and hopeful for a better future and this helps me to think in a more positive way. This financial crisis is a catalyst for change and change is coming and we need to embrace it.

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jr. member

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Quote from: Tipstar on June 19, 2020, 03:42:38 AM

The well known businesses in crypto industry, BitGo, BitPay, Bitrue, Bitso, Bitstamp, Blockchain.com, Brave, BTC Markets, CipherTrace, Coinone, Crypto.com, Huobi, Independent Reserve, Liquid, Ripple and many more are doing a partnership to bring an universal PaymentID system where users be able to send and receive cash and crypto interchangeably and globally.
If anyone can make global crypto adoption possible, it's this partnership. What impact do you think this would make?

https://cointelegraph.com/news/ripple-brave-and-huobi-join-instant-global-payments-network-payid

This partnership seems like a game changer in the cryptocurrency industry. The partnership seeks to bring something that would give the world a more robust financial solution and from what I can see the volatility of cryptocurrency won't affect this new payment system.

disconnectme

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Good idea, if they are not going to be requesting for KYC for me to use their system. If Crypto company start doing like the traditional market they would have beat them at their game, you will see some of these wallet holds millions of USD in Crypto but can't donate some to political contribution. We need to buy this politicians just they way Banks have bought they. You need money to make money

Desscount

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ComboLabs

this is really good for the future of cryptocurrency, maybe also good for XRP, the price of CRO that has been affected because of this FOMO,
but for XRP it still hasn't started, this is opportunity Grin

Yudhisthir

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Quote from: ?? on ??

This is unexpected, especially for Ripple to take part in this joint program. I can understand the cash so it can be sent and receive globally but why crypto? Wasn't we are right now to send it to where or to whom we want?

I think it's more focused to cash to crypto and crypto to cash. Imagine you enjoying your holiday on some place and you need cash. Just send some crypto from your wallet and receive cash on nearby bank or counter. This would ease buying and selling of crypto which is still a tough task in many countries. The margin between buy and sell price on most places would also come down if we be able to implement a global solution.

bobitza

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Activity: 560

Merit: 256

Quote from: Tipstar on June 19, 2020, 03:42:38 AM

The well known businesses in crypto industry, BitGo, BitPay, Bitrue, Bitso, Bitstamp, Blockchain.com, Brave, BTC Markets, CipherTrace, Coinone, Crypto.com, Huobi, Independent Reserve, Liquid, Ripple and many more are doing a partnership to bring an universal PaymentID system where users be able to send and receive cash and crypto interchangeably and globally.
If anyone can make global crypto adoption possible, it's this partnership. What impact do you think this would make?

https://cointelegraph.com/news/ripple-brave-and-huobi-join-instant-global-payments-network-payid

This cooperation has the effect of promoting the electronics market to grow stronger. When cryptocurrencies overcome the barriers between countries to accept global payments, all transactions will take place faster and easier. We can send and pay with bitcoin, so the currency will not depreciate. So we won't have to worry that bitcoin will crash. This makes me more confident investing in bitcoin.

thesmallgod

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It will be a welcome development and a plus to every crypto enthusiasts because such project bring more credibility to crypto at large which involve a lot of customers and also, such project will earness the potential of crypto project. I look forward to the project and I will follow the project on cointelegraph

kingzpro

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DIFX - Digital Finacial Exchange

Quote from: Tipstar on June 19, 2020, 03:42:38 AM

The well known businesses in crypto industry, BitGo, BitPay, Bitrue, Bitso, Bitstamp, Blockchain.com, Brave, BTC Markets, CipherTrace, Coinone, Crypto.com, Huobi, Independent Reserve, Liquid, Ripple and many more are doing a partnership to bring an universal PaymentID system where users be able to send and receive cash and crypto interchangeably and globally.
If anyone can make global crypto adoption possible, it's this partnership. What impact do you think this would make?

https://cointelegraph.com/news/ripple-brave-and-huobi-join-instant-global-payments-network-payid

So what would be the system exacrly be? I mean would it be an app or a new wallet with support from multiple crypto and blockchain companies, my suggestion would be to make crypto payments fast, cheap, global and as easy as possible so that a common man with not much knowledge of computers and wallets can be able to use it with a click of a button, so a lot of work still needs to be done and i guess masses are looking for solutions.

dentolas

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arcs-chain.com

This is a very good piece of news my friend, union is the thing that is definitely lacking on the crypto world and one of the main reasons why fiat is still everywhere instead of crypto... divisions upon divisions have weakened the weight of cryptocurrencies both economic as well as their credibility...
An union like this can change things deeply and make adoption possible

tycsols

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Activity: 812

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BountyMarketCap

Quote from: Tipstar on June 19, 2020, 03:42:38 AM

The well known businesses in crypto industry, BitGo, BitPay, Bitrue, Bitso, Bitstamp, Blockchain.com, Brave, BTC Markets, CipherTrace, Coinone, Crypto.com, Huobi, Independent Reserve, Liquid, Ripple and many more are doing a partnership to bring an universal PaymentID system where users be able to send and receive cash and crypto interchangeably and globally.
If anyone can make global crypto adoption possible, it's this partnership. What impact do you think this would make?

https://cointelegraph.com/news/ripple-brave-and-huobi-join-instant-global-payments-network-payid

It would definitely make a huge positive impact towards adoption but true adoption will only be achieved if they will provide inter blockchain and direct crypto to fiat and fiat to crypto transactions as well. I hope they will consider this suggestion.

coinfinger

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If I’m right, you mean that users will be able to send both USD and cryptocurrency (e.g. BTC) using this Payment ID?
That means the system will be something in the nature of PayPal? It will be good and it’s really going to help if it can gain adoption and also have less fees for making use of it.

For it to gain adoption means that it requires lots of promotion from the companies that are going to be running it. They need to put in money and effort and promote it. And it’s also up to us as the cryptocurrency community to do the little we can by using word of mouth to share with our friends and relatives. If the project is a success, it can help spread cryptocurrency awareness.

andra73

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terra-credit.com

Quote from: nutriagrigia on June 19, 2020, 11:18:18 AM

Quote from: masterrex on June 19, 2020, 10:28:34 AM

Thats good to know, at last, the crypto companies are already awake and set aside their differences for the sake of the crypto payment industry and crypto adaptation. It is a great action of all those companies that involved and I'm sure it will benefit not just the crypto payment platforms, but the whole crypto industry as well because it can drive global crypto payment adoption in the mainstream.

when such giants come together to introduce cryptocurrencies, this means that the legalization of cryptocurrencies is already very close. we have all been waiting for a long time when the cryptocurrency will be accepted by the goverments and large companies can help with this

the starters must be from big companies in the world. when they support the use of crypto of course this will be good for the future of crypto. in the future, solutions will be found for the use of crypto that has the right functions. not just as an asset that is traded on the market.

nutriagrigia

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Oikos.cash | Decentralized Finance on Tron

Quote from: masterrex on June 19, 2020, 10:28:34 AM

Thats good to know, at last, the crypto companies are already awake and set aside their differences for the sake of the crypto payment industry and crypto adaptation. It is a great action of all those companies that involved and I'm sure it will benefit not just the crypto payment platforms, but the whole crypto industry as well because it can drive global crypto payment adoption in the mainstream.

when such giants come together to introduce cryptocurrencies, this means that the legalization of cryptocurrencies is already very close. we have all been waiting for a long time when the cryptocurrency will be accepted by the goverments and large companies can help with this

junkerr

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Meta4uStake.io

Quote from: gaston castano on June 19, 2020, 10:59:34 AM

Quote from: Kotone on June 19, 2020, 05:28:46 AM

Thats nice to know. Libra has the same goal but mostly on digital payment and partly crypto. If this will pursue then we can see a great platform that enables a peer to peer, and peer to bank, vicer versa without much hassle. Likewise, Binance p2p is doing this right now and many fiat are already working for this. This will be good if they can implement faster with most advance feature and a friendly user one.

I also don't really like xrp and many say xrp coins don't have a clear vision or development in the long run.
but later it will be seen immediately whether it is right or wrong.

XRP is not an asset that is so popular today. but seeing the XRP market is very big. many people like XRP may be for withdrawals because it has costs that may be cheaper than other assets. while for trade or investment, it might look slow.

gaston castano

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Quote from: Kotone on June 19, 2020, 05:28:46 AM

Thats nice to know. Libra has the same goal but mostly on digital payment and partly crypto. If this will pursue then we can see a great platform that enables a peer to peer, and peer to bank, vicer versa without much hassle. Likewise, Binance p2p is doing this right now and many fiat are already working for this. This will be good if they can implement faster with most advance feature and a friendly user one.

I also don't really like xrp and many say xrp coins don't have a clear vision or development in the long run.
but later it will be seen immediately whether it is right or wrong.

minairia3

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Vave.com - Crypto Casino

Quote from: Oasisman on June 19, 2020, 08:16:38 AM

This initiative is nothing but excellent. However, I doubt the government might interfere as this would become a legal threat to the banking system.

They cant touch it no matter what they try to oppose it. Morever, there are platform thats work already on fiat and crypto payment. This plan is at a later stage already but teaming up with big names, I must say that this will be a big project even surpassing those big firm such as coinbase, changelly and the king of exchange Binance.

If ever government intervene with this plan, I can only say that they dont really want an adoption that will be more easier than banks. I cant blame those banks cause this idea is really a threat to them.

so98nn

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Could be good initiative but could get restricted to developed countries only. While reading the article I came across this line which seems to be whole idea of the project but I think it could be chaotic one too.

Quote

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.

The problem is there are big countries like India, Africa, Arabian counties, and large asia part who has banking system with poor infra-structure. I mean in terms of lining their phone numbers to bank account etc. doesn't work 100% in such countries. Where major part of population keeps changing the phone number and all they provide to bank accounts is their local ID's and nothing more.

In India, we had AADHAR card system to link every digital platform for easy tracking. However, slowly the drawbacks started popping up. For example, many people changed their phone numbers during the course of time or some lost it etc. Now you need to wait if you want to update the phone number, take an appointment and stand in line to do so.

Major portion is struggling with such incidences and I doubt banking remains in question. E-mail address, no way, they dont even carry one.

"This partnership will bring amazing things in developed countries BUT they will surely loose huge portion of asian customers."

Topic: 40+ crypto companies comes together for one solution (Read 563 times)