What is PayID?
PayID was just announced two days ago from Ripple Labs in collaboration with many titans of the industry.
Here’s some of the names on the extensive list of partners that stood out to me:
Blockchain.com, Uphold, Bitstamp, Unstoppable Domains, Coinfield, GateHub, Coinme, Liquid, Huobi, Crypto.com, Brave, Bitpay, BitGo, and Coinone- but there were many more.
The site describes PayID as a simple, web-based protocol designed to make it as easy to send someone money as it is to send them an email. I happen to like the sound of that! Here’s a graphic from their site that breaks down what their use case is:
Instead of having the “$” in front like on Square’s Cashtag on their Cash app, it looks to me like the symbol acts as a bridge between the user and the payment domain in-lieu of the “@” symbol.
I don’t pretend to be a developer or really know much about this but I’m going to throw caution to the wind in the name of technology and go forward with spinning up a linux box on Docker so that I can run a local PayID server and check it out. Here’s where I will began the journey.
https://docs.payid.org/#run-a-payid-server-locally
I’ll report back in the next post. If you’re working with PayID or want to follow along with me that’d be cool!
-klymacks
About the Author:
I’m an early cryptocurrency advocate. I discovered Bitcoin in 2013 when it was trading for around $200 and have been completely hooked since. A developer buddy and I looked into trading in the summer of 2017 and I’ve been dabbling with that since. Soon after that, I started mining Ethereum and other currencies with GPU miners so the business of keeping all that organized quickly escalated to being a full time job alongside my normal 9-5. I thought I’d start writing some of my experiences down to keep them straight and to reference if I ever needed or wanted to so I started writing in Steem, and I enjoyed blogging about my mining chronicles for awhile. But, I lost interest in mining as the profits dwindled with increasing overhead so I eventually stepped back and setup a few gaming rigs for my son and I so that we could play some of these games I had been missing on Vega graphics together and liquidated most of my equipment. I still mine a little Ether and Zilliqa today on ezil. I spend my free time exploring and contributing feedback to various blockchain projects today, you can probably find me in the Telegram or Discord for the latest blockchain technology learning about it and asking questions. I’m writing on Publish0x lately about stuff I like and sharing these posts on Twitter at @klymacks for now. Will probably expand to Blurt when that releases, the newest fork of Steem under the same name.
