What We Learned from the PayID Partner Demos During the Conference Hosted by Ripple, Bitpay, Crypto.com, Bitrue, Tangem, Payburner, PayMe+, PayID Validator

PayID offers a platform that allows developers to create multiple cryptocurrency management solutions. Some of the most promising Open Payments Coalition members offered demos of their products following the PayID conference's keynote presentations. This is what we learned about what their products and services can do for you.

What We Learned from the PayID Partner Demos During the Conference Hosted by Ripple, Bitpay, Crypto.com, Bitrue, Tangem, Payburner, PayMe+, PayID Validator

BitPay

Sean Roland, the BitPay's Head of Product Design and Product Management, introduced BitPay. Like many other presenters after him, Sean referred to the problem of having long crypto addresses that are hard to remember and easy to mistype. According to Roland, PayID solves that problem as a value transfer mechanism that can be used "without having to remember someone's Venmo account or XRP address.

Roland described Bitpay as "the largest global payment processor in the world." BitPay processes payments for the likes of Microsoft, Shopify, and Newegg. It also boasts a non-custodial app and a U.S. debit card (BitPay Prepaid Mastercard).

The BitPay showcase consisted of demonstrating the app’s ability to send digital currencies and verify someone else's PayID.

BitPay App Features

  • Available on Apple’s App Store and Android’s Google Play
  • Enables you to create a wallet and add XRP, Bitcoin, Ethereum, etc.
  • One master key controls all the cryptocurrencies in your BitPay wallet
  • You can input PayID contacts (e.g., name$ripple.com, name$bitpay.com, etc.) within the app to send money to them
  • It allows you to verify PayIDs using a code to make sure the person you are trying to send money to is currently in control of the PayID they have provided
  • By adding verified contacts, you can create a web of trust that can propagate within your circle of connections
  • When you hit the pay button, the service that hosts the recipient's PayID will locate their digital wallet and transfer the funds. If you send Bitcoin, for example, it can go to their Bitcoin addresses, but you won't need to know those addresses, only their PayID

Crypto.com

The next presenter was Chris Choi, Product Manager at Crypto.com. With over three million users, Crypto.com is a four-year-old company committed to accelerating "the world's transition to cryptocurrency." The company offers exchange, wallets, a Visa card, interest & loans, payments, and DeFi swap.

According to its website, Crypto.com believes "it’s your basic human right to control your money, data and identity." Choi says the company wanted to work with PayID because the digital identification platform fits very well with Crypto.com's mission.

How to Register a PayID on the Crypto.com app

  • Open the Crypto.com app and go to Settings
  • Select PayID
  • Click on Register PayID
  • Input the name you want to use. Your Crypto.com PayID will look like this: name$crypto.com

Bitrue

There is a very good reason for Ripple to host a Bitrue demo. According to Bitrue's CMO Adam O'Neill, "XRP has been the cornerstone of Bitru ever since [the] exchange started over two

years ago." Bitrue was actually the first exchange to adopt XRP as a base pair, and it now boasts more than 50 XRP trading pairs. "We were the first to offer an XRP investment option with Power Piggy," O'Neill explains. Bitrue was also the first exchange to allow users to transfer XRP using PayID.

Before PayID, transferring XRP was not an easy task. Mistyping the XRP account's associated tags could cause problems, and funds have been known to go missing for days. Now, you can use a simple, memorable PayID to transfer XRP with ease and efficiency.

How to Register a PayID on Bitrue and Send XRP

  • Go to your Bitrue deposit page
  • Select XRP and then select PayID
  • Enter the name of the address you want to use. Your PayID will look like this: name$payid.bitrue.com
  • Click on Generate a New Address
  • To send XRP, go to the Withdrawal page
  • Enter the recipient's PayID
  • Select the amount of XRP you wish to send
  • Enter the required codes: your pin code, your email withdrawal code, your Google verification code
  • Confirm the transaction, and your XRP will be sent

During the demo, Adam sent 50 XRP to Chris, who then confirmed he had received it on the Crypto.com app.

Tangem

Tangem CEO Sergio Mello's presentation was definitely the most passionate of the conference's demo section. With his futuristic hexagonal glasses, his bulky silver headphones, and his angular face, Mello looked like he came from the future, and he certainly has a vision for it.

Mello believes Fintech started as far back as 1872 when Western Union completed the first telegraphic money transfer. The tech entrepreneur recalled he had witnessed the launch of the first mobile money system while living in Korea in 2007, and said his current goal is to "bring everything one step forward."

At Tangem, Mello explained, developers "work very hard every day to provide universal access to digital assets." He went on to mention some of Tangem's most successful offerings:

  • Tangem card, "asymmetric cryptography in a tangible interface – a physical card"
  • Tangem Bird cards (Tangem Bird Ethereum, Tangem Bird Ripple, etc.)
  • Tangem Gold, "a new gold format that combines physical gold and the advantages of blockchain technology, making it the best way to own and manage gold"
  • High-security self-contained hardware wallets
  • Key management system, "the power of a hardware security module and the usability of a Metrocard. . . the key lifecycle is completely self-contained within the cards.
  • Proprietary firmware audited by Kudelski Security, which can "sign transactions using elliptic curve within less than a second"

Tangem, Mello explains, has disintermediated trust by drawing "a straight line that goes directly from a physical object, which is a card, to a blockchain asset. All of a sudden, you no longer need a phone or a computer to hold your assets."

The CEO believes asymmetric cryptography and blockchains have "propelled the digital world to new heights," and he is committed to continuing on the same path. "Security is down to the weakest link," he told the PayID event's audience, "and if the weakest link is intermediary and transport of information between the sender of money and the receiver, then we do have a vulnerability."

When one shares a PayID address, that can be verified to ensure "no man in the middle, no trusted platform in the middle has manipulated that data." This is precisely what Mello wanted to demonstrate during his presentation.

How to Receive XRP on Tangem with PayID

  • Scan your Tangem card within the Tangem tap app
  • Select Create PayID
  • Choose a name for your address. It will look like this: name$payid.tangem.com
  • An identity key is generated
  • Give your PayID to the person trying to send you XRP
  • Use a secure messaging service like Signal to share your identity key with the sender
  • Sender uses Payburner or similar to send you XRP, using the identity key you sent to verify your PayID
  • The XRP will be instantly available on your Tangem app

Mello concluded his presentation by saying his company is pleased to be at the forefront of innovation. "PayID is absolutely aligned with our philosophy of interoperability and utmost security," he said. "People should be able to manage their own identities and their own trust independently from the network."

Payburner

Craig DeWitt, who introduced himself as the founder of Payburner, believes users should be able to move their money as easily as sending an email.

Payburner offers a seamless browser plug-in that allows users to send and receive XRP "in a non-custodial fashion, meaning you are the one who owns your funds and you and only you can control where you send it," DeWitt explains.

Payburner features

  • Available as a browser extension and mobile app
  • PayID integration
  • Send and receive XRP
  • One-click payments

PayMe+

Next up was Towo Labs co-founder and CEO Markus Alvila. He introduced the PayMe+ app, developed in tandem with CoinField. To explain PayMe+'s features, he summoned Reza Bashash, one of the app's founding team members.

In a featured ad for PayMe+, an actor said, "I love crypto, but sending and receiving payments can be so frustrating! I can instantly and easily send messages and email to people, yet sending crypto payments is just as hard as it was 10 years ago." The actor then complained about lengthy and complicated wallet addresses, and another one replied, in an upbeat tone, "I have some good news for you. . . PayMe+ makes receiving payments as easy as sending and receiving email." Following the commercial, the presenters went on to demonstrate its premise.

PayMe+ Basics

  • Available as a mobile app
  • Uses PayID technology
  • Allows users to manage their PayIDs without relying on third-party service providers
  • Combines security and usability
  • Processes all kinds of crypto addresses, as well as Paypal, Iban, etc.
  • Can manage multiple PayIDs
  • Your public PayID profile can be shared with people who do not have PayID support on their digital wallets
  • You can use labels to sort your PayIDs
  • PayMe+ also allows you to verify your personal website and social media handles, adding an extra layer of confidence

How to Use PayID on the PayMe+ app

  • Download the PayMe+ app
  • Create an account
  • Add your preferred payment networks by either entering or scanning a wallet address or selecting a payment network from the menu
  • When you input a wallet address, PayMe+ will auto-detect what network it belongs to
  • Create a new PayID (you can also add a public PayID profile) or select the PayID you want to use with your payment network choice. Newly created PayIDs will look like this: name$payme.plus
  • Select which currencies you want to receive in this payment network
  • Tap the share PayID button or have friends scan the generated QR code. If you added an XRP ledger address, for example, now people can send you XRP using your associated PayID
  • Now, your contacts can use your PayID to send both Fiat and digital currencies to your PayMe+

PayID Validator

 

Robert Swarthout is the creator of PayID validator. After taking part in the PayID Hackaton, Swarthout decided to create a validator to help developers detect the issues they may be accidentally building into their apps "when they're integrating PayID into an existing system and not using the PayID implementation server."

How to use PayID Validator

  • Go to Payidvalidator.com
  • Input a PayID address
  • Select the relevant network/environment
  • Click Validate
  • Review scores
  • Click on View all response headers for more details

Advantages of PayID Validator

  • Checks that you're not exposing Admin APIs
  • Checks access control headers
  • Checks that the response body is of the correct type
  • Verifies address ledgers
  • System allows you to generate a PayID with specific issues such as missing CORS headers or malformed JSON body
  • Developers can suggest ideas on Github

Through the Open Payment Coalition network, PayID now has the potential to reach over 125 million consumers. The app demo sessions undoubtedly proved that the universal payment identifier is here to stay. The simple user interfaces offered by the likes of PayMe+ and BitPay, on the other hand, have shown that we are entering a new era of crypto made simple for the layman, which will soon bring millions of new users into the space.


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