Prediction: W3C web payments group meeting in Santa Clara 27-31 October will take up integration of bitcoin payments into W3C global standards.
Not correct but not a lie. Many know me and I have been involved in the Bitcoin space for a few years. I am definitely aware of the advantages & disadvantages of this wonderful technology stack.
IMO, its yet to be determined if Bitcoin technology is the future or the future of the future. Right now Bitcoin needs more standards not code before it can be integrated as a global standard.
I expect the web payments committee to seek to be neutral to competing transmission vectors.
Correct. We must be neutral but also open minded.
However, among transparent blockchain vectors, bitcoin is the obvious beneficiary. Any expansion in crypto use-cases is likely to increase bitcoin's leadership over other transparent-chain systems.
This is about payments not bitcoin but there is a synergy of efforts. Bitcoin may be an beneficiary but cryptocurrencies need to "grow up" and have standards. W3C Web Payments is committed to help provide the standards so potential future payment technologies can mature.
The beneficiaries we are the targeting are the unbanked, unbankable, and those not having access to financial infrastructure. We cant achieve this goal without integrating into the core of the browser technologies layered with security to create frictionless & borderless payments. We will help connect up another billion+ people to the global economy.
Any source
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A member of the committee
You dont need a source as the W3C activities are public.
You can read our initial charter here.
http://www.w3.org/2014/04/payments/webpayments_charter.htmlFew more links for you
http://www.w3.org/Payments/IG/http://www.w3.org/2014/10/payments.html.enhttp://www.w3.org/2013/10/payments/We want to help build standards and simple easy to use API's around abstracting the need for people to worry about past and future payment infrastructure/technologies. Developers writing and deploying their own payment infrastructure is very costly for business to adopt. We will reduce the cost of entry so companies can focus on business use cases not not technology.
Capitalistic - 10 seconds to send an email, 172,800 seconds to send money. The Internet as financial infrastructure will lead to a more agile global economy. The infrastructure will be embedded in the browser and deployed on billions of computers and mobile devices world wide to help connect another billion+ people an "Internet of Money". Capital markets rarely benefit the poor but W3C aims to help change that.
We believe these efforts are achievable because W3C has been around for a long time and is one of (if not thee) the largest consortium of technology giants/companies in the world.
We encourage you to engage, collaborate, discuss and get involved in the W3C because the Web Payment has many challenges to overcome.
Erik Anderson
Bloomberg & Co-Chair W3C Web Payments IG/SG
. however, don't sell now.
