Ripple Interledger Protocol may be used by Apple Pay on Safari
Ripple has been one of the biggest players when it comes to processing payments over the blockchain. The currency has been bringing forward a number of changes which are redefining the way payment processing technology is known to be. Apple’s Payment Request API For Apple Pay on Safari might make use of Ripple Interledger Protocol.
Major tech firms such as Apple have been far from entering the world of cryptocurrencies or blockchain so far. With it’s announcement on using the Payments Request API, there’s a possible chance that it could use the Ripple Interledger technology.
Ripple’s interledger provides a better payment processing protocol as it resolves all the problems that various card networks have. The long-term plan with the Ripple Interledger Protocol is to create a global network which can connect cryptocurrencies. The interledger protocol has been equated to the HTTP by Ripple’s head techies. The below image shows how Payments Request API could use Interledger to match the standards. However, it’s not yet using it.
Apple – one of the largest corporations in the world, whose solutions and products greatly affect the commercial market. Such technological giants have long been following the world of crypto-currency and Blockchain technologies.
Judging by the latest news, the company from Cupertino submitted a Payment Request API for its ApplePay, which, according to information, will use Interledger Ripple in Safari.
Ripple is one of the most powerful digital currencies on the market. At the moment, it is in third place in total capitalization, behind only Ethereum and Bitcoin. Some banks and financial institutions are already testing Ripple technology in order to provide their customers with services at a higher level.
Interledger Ripple can better process payments, as it has no problems with already established money transfer systems. The long-term plan associated with Interledger is to create a global network that will be able to combine crypto-currencies.
But despite the compatibility of this protocol with the crypto currency, there are no reports that Apple will give its users the opportunity to make transactions using XRP or any other digital currency.