RE: Web Payments Workshop position paper submitted

Basically Ripple was created a math-based currency to try and catch some of the hype... XRP is used as a way to eliminate fraud on the network. Basically consumers using the Ripple platform must send a transaction fee in XRP when they make a payment, even if they're sending U.S. dollars to someone that only accepts Euros. Ripple finds that intermediary to send the payment through... so a node that accepts US dollars and will send the end party Euros.


From: Reutzel, Bailey [mailto:bailey.reutzel@sourcemedia.com]
Sent: Tuesday, February 04, 2014 11:48 AM
To: Brent Shambaugh; Joseph Potvin
Cc: Manu Sporny; Web Payments CG
Subject: RE: Web Payments Workshop position paper submitted

Yes they call the currency Ripple or XRP.

From: Brent Shambaugh [mailto:brent.shambaugh@gmail.com]
Sent: Tuesday, February 04, 2014 11:46 AM
To: Joseph Potvin
Cc: Manu Sporny; Web Payments CG
Subject: Re: Web Payments Workshop position paper submitted

Is Ripple really a currency? I thought XRP was.

https://ripple.com/currency/
I just performed a Google search. Perhaps some clarification here?

On Tue, Feb 4, 2014 at 4:28 AM, Joseph Potvin <jpotvin@opman.ca<mailto:jpotvin@opman.ca>> wrote:
Just noticed... the phrase "open, patent and royalty-free standard" snuck back in. It should be "through open methods, unencumbered by patents or royalties"
(this phrasing allows for defensive patents)

joseph

On Sun, Feb 2, 2014 at 9:54 PM, Manu Sporny <msporny@digitalbazaar.com<mailto:msporny@digitalbazaar.com>> wrote:
The Web Payments Workshop position paper has been submitted. The copy
that was submitted is attached. A rough HTML version of the document is
available here:

https://web-payments.org/papers/2014/WebPaymentsWorkshopPositionPaper/

If there are errors or omissions, we have a week to correct them.

-- manu

--
Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
Founder/CEO - Digital Bazaar, Inc.
blog: The Worlds First Web Payments Workshop
http://www.w3.org/2013/10/payments/


--
Joseph Potvin
Operations Manager | Gestionnaire des opérations
The Opman Company | La compagnie Opman
http://www.projectmanagementhotel.com/projects/opman-portfolio
jpotvin@opman.ca<mailto:jpotvin@opman.ca>
Mobile: 819-593-5983<tel:819-593-5983>
LinkedIn (Google short URL): http://goo.gl/Ssp56


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