Domain: meritora.com
Stories and comments across the archive that link to meritora.com.
Comments · 7
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Re:Needs broad multistakeholder standardization
We put the meetings on hiatus until we got the commercial implementation released to the public. We did this just last week: http://blog.meritora.com/launch/ . We plan to start having meetings again within a month or two.
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Re:Web Payments not just Mozilla initiative
Things that are legal in most states: gambling, adult media, cash transfers. Things that are illegal in most states: sexual services, selling hookers (human trafficking), and blow (drug trafficking). Payment services tend to avoid gambling and adult media because there is a huge fraud problem with them, and in the grand scheme of things, they're not as profitable as the vast majority of other "safer" transactions. Cash transfers require a huge amount of money to get a license to operate in all 50 states in the US. If you want to do something illegal, use Bitcoin or cash. If you want to do something cash-based, we're working on a Bitcoin-like alternative, but it's not a high priority. More on the commercial service here: http://blog.meritora.com/launch/
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Re:Web Payments not just Mozilla initiative
PaySwarm will eventually support Bitcoin. However, that is a separate issue from the one of doing micropayments. They're two orthogonal concerns. They do have a slight bit of overlap, but not enough to tie the design either of the solutions to one another. +1 to Devcoin. You might also want to check out Gittip: https://www.gittip.com/ We can support both with PaySwarm (since PaySwarm is currency agnostic). It's also fairly trivial to setup something like Gittip using PaySwarm (recurring payments). More here: http://blog.meritora.com/launch/
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Re:Too bad that doesn't apply, there are currently
Not true: http://payswarm.com/ Also: http://blog.meritora.com/
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Re:But does it run...
PaySwarm is currency agnostic, so it can support all national currencies, as well as alternative currencies like Bitcoin and Ven. We don't have Bitcoin support in there yet, but it's on the roadmap and we hope to sooner than later. There are regulatory issues that we have to work through. More here: http://blog.meritora.com/
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Re:We need to pay for content creation
PaySwarm, which is part of the Web Payments work at the W3C, supports micro-transactions. All transactions in the system are accurate up to 0.0000000001 of a fraction of the currency specified. See this for more details: http://blog.meritora.com/
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Web Payments not just Mozilla initiative
Hi, I'm the chair of the Web Payments group at the World Wide Web Consortium (W3C). Just pointing out that the Mozilla mozPay() API is part of a greater push in the standards community to make payments a core part of the Webs architecture. This includes buying/selling digital goods, donations, crowd-funding, all the way to equity and loan-based crowd-financing for start-ups. Note that the mozPay() API is centralized, which even folks at Mozilla will tell you is not ideal. The eventual goal is to create a decentralized payment architecture that is designed for the Web from day one. We plan to put these advanced financial tools into the hands of all Web developers so that anyone with a website or blog has access to this open financial network.
You can read more about the PaySwarm standardization work here, which is mentioned at the end of the Mozilla mozPay() blog post: https://payswarm.com/
The first commercial implementation of these specifications launched three days ago: http://blog.meritora.com/launch/
If you're interested in following what's going on, join the Web Payments group at W3C: http://www.w3.org/community/webpayments/