It is a universal name space similar to email for payments. Replace all your hard to read and remember cryptocurrency addresses and IBANs with a single human-readable identifier for all your payments.
Agnostic to payment and settlement rails
Free, open and non-opinionated
Built on existing web standards
Decentralized with no own blockchain or token
PayID uses a namespace structure like email to wrap underlying payment rails into one human-readable address. It can be used to send via any payment rail that is shared between two services.
GateHub will initially support XRP payments via PayID. Users can select any XRPL or GateHub Hosted wallet as their XRPL address on PayID.
Sharing your address is a thing of the past.
Share your PayID instead!
PayID available to all GateHub users with XRPL support
The Open Payments Coalition is a group of 40+ companies across payment, tech and finance industries that seeks to break down siloed proprietary standards for digital payments. PayID is open-source, free and easy to integrate. Visit payid.org for more information.Back to Blog post