Re: Web Payments Workshop position paper submitted

> Basically Ripple was created a math-based currency to try and catch some of
> the hype.

Not true.  Ripple predates bitcoin, and the hype that followed.

On 04/02/2014, Reutzel, Bailey <bailey.reutzel@sourcemedia.com> wrote:
> .. 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
>
>
> "This communication is intended solely for the addressee and is confidential
> and not for third party unauthorized distribution"
>


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Received on Tuesday, 4 February 2014 17:53:56 UTC