One week after the implementation of the most significant novelty, Ripple, Inc., invites all engineers to share their experience in building and upgrading payment systems.
First PayID Conference
According to the official announcement from Ripple Inc, the online event will start on June 25th, 2020 at 09:00 AM (PT). Mainly, the conference targets the engineer and developer communities.
The discussions of the conference will cover all aspects of the future of digital payment systems. Attendees will share the best practices in the 'open finances' segment.
The organizers highlight that 'open standards' will become the future of money, like the Internet for information transfer. The challenges and achievements of the sphere will be demonstrated via the PayID example. Live PayID demos will be showcased by the members of various Ripple communities, e.g. Tangem, Forte, and others.
Guests of the conference will be welcomed by the keynotes of Ripple CEO Brad Gralinghouse and CTO David Schwartz.
'No more difficult than e-mail'
PayID, the new feature available for the Ripple payment system and its numerous partners, will act as a shared cross-platform identifier of payment. As announced by Ripple CEO Brad Garlinghouse, with PayID, authorizing digital payments will be as easy as sending e-mails.
As covered by U.Today Crypto News, Ripple CTO David Schwartz revealed a list of advantages that make the new release special. According to him, PayID's main benefits include interoperability between cryptocurrency-based and classic fiat payment vendors.
Futhermore, it allows sending money to human-readable addresses which is very useful for retail payment transactions.
However, Ripple's competitors are unwilling to give up. For instance, PayPal may implement a direct crypto purchasing feature into its instruments in early Q3, 2020.