Innovative financial technology is the driving force of BTC Markets.
Our passion for digital assets and blockchain technologies are the very reason the exchange was established in 2013.
We work with a wide range of partners in the digital asset industry to capitalise on the current era of innovation and the new digital economy. Therefore, it was a natural decision for BTC Markets to join the Open Payments Coalition (OPC). This coalition, consisting of over 40 leading technology, finance and non-profit organisations, shares a fervent desire to drive towards open finance for all.
Today the OPC announced the launch of PayID. The platform benefits consumers by allowing them to send and receive money across any payment network, in any currency, from anywhere in the world. Users are given an easy to remember ID like an email address rather than a traditional numerical ID as a way of accessing the service. PayID can also be used by any business that sends or receives funds. The network currently has a reach of over 120 million people worldwide.
Caroline Bowler, CEO of BTC Markets quotes “It was an easy choice for us to join the Open Payments Coalition. In 2018, Australia was introduced to the New Payments Platform which allowed funds to be transferred domestically in an instant. PayID by Ripple is a crucial next-step in infrastructure that will bring ease of payments to an international audience.”
BTC Markets is proud to announce its decision to join the Open Payments Coalition. It brings companies from across the globe together under the spirit of innovation, pairing traditional finance with the exciting new world of fintech. For more information on PayID, visit www.payid.org, or read the PayID Coalition press release.