W3C home > Mailing lists > Public > public-webpayments@w3.org > November 2014

Re: Just off the wire

From: Kingsley Idehen <kidehen@openlinksw.com>
Date: Sat, 01 Nov 2014 17:57:36 -0400
Message-ID: <54555750.7020705@openlinksw.com>
To: public-webpayments@w3.org
On 11/1/14 1:30 PM, Melvin Carvalho wrote:
>
>
> On 1 November 2014 10:49, Rene Bartsch <ml@bartschnet.de 
> <mailto:ml@bartschnet.de>> wrote:
>
>     Am 2014-11-01 01:25, schrieb Pindar Wong:
>
>         http://www.coindesk.com/wc3s-web-payments-redesign-bypass-bitcoin/
>         [1]
>
>
>         Links:
>         ------
>         [1]
>         http://www.coindesk.com/wc3s-web-payments-redesign-bypass-bitcoin/
>
>
>
>     Current payment systems have 4 drawbacks:
>
>     - Fragmentation of currencies (USD, EUR, ...)
>     - Fragmentation of payment providers (PayPal, Mastercard, VISA,
>     local banks, ...) with different concepts and data sets
>     - Manipulation of accounts
>     - Only trustee accounts
>
>     The complexity of (currencies x payment providers = oo) renders
>     existing payment systems unusable in a global network. I don't see
>     a chance to pack all that currencies and payment providers with
>     different systems into one API/GUI. It doesn't solve the
>     manipulation of accounts, either.
>
>     A Bitcoin wallet integrated into browsers on the other hand solves
>     all three problems:
>
>     1. Users buy Bitcoins and transfer them to their browser wallet ->
>     only one currency
>     2. Blockchain -> ONE global payment system ANYONE can join
>     3. Blockchain -> no manipulation of accounts/malicious trustees
>
>     Considering the "ambitious" interest group roadmap I suggest
>     partnering up with Mozilla to integrate a Bitcoin wallet into
>     Firefox and show the W3C what's technically possible.
>
>
> Good points.  Would love to see such a wallet demoed. Perhaps copay is 
> heading in the right direction ( https://copay.io/ )

Yes they are, for sure!


-- 
Regards,

Kingsley Idehen	
Founder & CEO
OpenLink Software
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Received on Saturday, 1 November 2014 21:57:59 UTC

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