Re: Interledger Payments Community Group

On 6 October 2015 at 16:29, Adrian Hope-Bailie <adrian@hopebailie.com>
wrote:

> Hi all,
>
> Today I proposed the formation of the Interledger Payments Community Group:
>
> https://www.w3.org/community/blog/2015/10/06/proposed-group-interledger-payments-community-group/
>
> This is an evolution of the work that began at the face to face meeting of
> the Web Payments IG in New York when we discussed the idea of Web
> Settlement.
>

Excellent.  This is exactly what I would call decentralized payments.


>
> In the time since June we have taken the feedback provided and put
> together a comprehensive technical whitepaper that proposes a neutral and
> open protocol for asset transfer over the Web.
>
> The goal is simple, connecting existing and emerging payment networks
> (ledgers) using a protocol that would allow payments to be made from any
> entity to any other entity irrespective of the payment instrument or
> account the sender and receiver hold.
>
> As an example, imagine Alice wishes to send money to Bob but Alice wants
> to use her credit card and Bob wants to accept Bitcoin. The Interledger
> Protocol proposes a way to achieve this using a competitive marketplace of
> counterparties such that Alice can easily find the best way to charge her
> credit card and for Bob to receive his Bitcoins without either being at
> risk of losing their money.
>
> There is a lot of work to be done to discuss this proposal and begin
> developing the standards necessary to realize it. I believe that the right
> forum for this will be the Interledger Payments Community Group so I invite
> you to support the group and sign-up as a participant.
>
> More information on the whitepaper and the problem are on
> http://interledger.org
>
> Adrian
>