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What Does Ripple x PayString Integration Mean for Privacy in Web3? Community Answers

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Ripple
What Does Ripple x PayString Integration Mean for Privacy in Web3? Community Answers 2

XRP enthusiast and crypto analyst who goes by @WKahneman on Twitter shared his take on the role of ID development in Ripple’s strategy.

Are digital ID solutions in focus for Ripple Inc.?

Crypto expert @WKahneman has taken to Twitter to share that Ripple’s integration with PayString digital payments solution was a sign of the serious focus that the firm has put on digital ID solutions.

He recalled that Monica Long named decentralized identity among the most crucial use cases of decentralized solutions ever.

Then, he recalls XRP’s efforts toward building a payments ecosystem with human-readable IDs. On April 1, 2021, XRP integrated the PayString protocol into its RippleNet mechanism.

Also, solutions including payment ID advancements were among the winners of XRP’s University Blockchain Research Initiative (UBRI) grant initiative.

Merging decentralization of web3 with usability of web2

Last however no longer least, in 2021-2022, XRP’s former and existing personnel and their colleagues released severa papers to cowl the design of prospective price identity solutions.

As such, the reality that charge ID traits are in XRP’s highlight is obvious to the professional:

I suppose XRP is operating on identity solutions, both internally and via the UBRI.

As covered with the aid of formerly, starting from yesterday, June 10, 2022, XRP holders have become able to register to their XUMM wallets with XRPL account addresses most effective.

This novelty is set to boost the usability of Ripple’s bills system and make it more attractive for cryptocurrency inexperienced persons.

For more information:

ripple.com

topcoinsnews.com

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