PayID is a protocol that connects siloed payment networks through a universal address. A PayID (e.g. alice$example.com) can map to the URL https://example.com/alice and resolve to Alice's address on an underlying payment network (e.g. bank or blockchain).
@arima2 the PayID address format is user$domain.com, whereas the ILP payment pointer address format is $domain.com/user. PayID's are extensible to any network, including ILP. ILP payment pointers are primarily designed for ILP.
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Very interesting initiative! Just going over the RFCs. Is this going to be channeled via the IETF?
@sandydamy UPI is great for domestic payments in India. We believe PayID is like a UPI for the rest of the world, and can also help the rest of the world connect to UPI.
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A few steps closer to mass adoption
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This is really cool. I think India has a similar system called UPI.
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Looks cool, but is going to need a rebrand, will get sued by Australian PayId for sure.
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