W3C home > Mailing lists > Public > public-webpayments@w3.org > April 2015

Re: decentralized wallets and payment processors

From: Tao Effect <contact@taoeffect.com>
Date: Mon, 6 Apr 2015 19:12:35 -0700
Cc: Web Payments <public-webpayments@w3.org>
Message-Id: <D1CFF25D-B474-4F6E-8F5E-07C04C7FB826@taoeffect.com>
To: Melvin Carvalho <melvincarvalho@gmail.com>
I can't comment on whether or not this is out of scope, but decentralized payments systems are inherently superior to centralized payment systems, and they are far more in line with the philosophy of Internet standards, so it makes sense for a standards body to investigate them.

As far as fiat goes, I recommend looking into decentralized exchanges.

There are decentralized exchanges for converting between fiat and cryptocurrencies, and there are exchanges for converting between one cryptocurrency and another.

Links:

https://bitsquare.io
http://mercuryex.com

Cheers,
Greg Slepak

--
Please do not email me anything that you are not comfortable also sharing with the NSA.

On Apr 6, 2015, at 5:40 PM, Melvin Carvalho <melvincarvalho@gmail.com> wrote:

> I've been sketching out an implementation of a payment processor and wallet system lately
> 
> Turns out decentralized wallets are a really hard problem to solve
> 
> Some thoughts I had:
> 
> 1. A multi user wallet, seems to be roughly the same thing as a payment processor, when in a decentralized environment
> 
> 2. A decentralized payment wallet / payment processor should be able to largely live in the browser
> 
> Note: I'm looking at this from the perspective of crypto currencies to start with.  Fiat may require more thought / work.
> 
> Some questions:
> 
> Would these two goals be desirable to the group, because it's what I'm trying to create?
> 
> Are there any technical barriers why this would be impossible using web technology?
> 
> Or is it out of scope for this version?


Received on Tuesday, 7 April 2015 02:13:00 UTC

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