Categories: Crypto

Ripple, Brave, and Huobi Join the Open Payment Coalition

For many years now, the world has been looking for a universal payment method that will be globally accepted. That search is far from over, although the Open Payment Coalition has welcomed a lot of new members. 

Numerous attempts at introducing a universal payment solution have been launched.

Can the Open Payment Coalition Succeed?

For now, the only contenders are cash or payment cards, although neither has a 100% market penetration.

The Open Payment Coalition aims to introduce a new solution through its instant payment network PayID.

As this project gains more traction, additional companies will try to lend a helping hand.

Recently, several crypto firms have pledged support to the Open Payment Coalition, including Ripple, Huobi and Brave

Related Post

It is expected that this will bring the PayID network to over 100 million consumers in quick succession.

Far from a global payment method, but the growth should not be ignored either.

For now, PayID has primarily gained traction in Australia.

A very important market, as a successful run here can easily bring this payment network to the Asian region. 

In the end, the hope is to make sending money as easy as sending an email or SMS.

Only time will tell if such a solution can be used globally, but for now, that seems rather unlikely.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Hyperliquid Proposes 37M HYPE Burn as Validators Prepare to Vote

Hyperliquid is facing one of its most consequential governance moments yet. A proposal now before…

2 days ago

Tether Introduces PearPass, a Local-First Password Manager With No Servers

Tether has entered a new category. The company announced the launch of PearPass, a peer-to-peer…

2 days ago

Solana Takes First Steps Toward Quantum-Resistant Security

The Solana ecosystem is beginning to prepare for a future many in crypto still treat…

3 days ago

Institutional Bitcoin Accumulation Enters a New Phase

Bitcoin accumulation is no longer subtle. It’s visible. It’s deliberate. And it’s accelerating. In the…

3 days ago

Ripple Expands RLUSD to Layer 2 Networks, Laying the Groundwork for Institutional DeFi

Ripple is pushing its stablecoin strategy beyond a single chain. The company has announced it…

3 days ago

Standard Chartered and Coinbase Deepen Institutional Crypto Partnership

Standard Chartered and Coinbase are pushing their institutional crypto relationship into a new phase. On…

4 days ago