The World Wide Web Consortium (W3C) is developing a new global standard to enable one-click secure online shopping — and it will include Bitcoin.
Also Read: Mozilla Co-Founder Unveils ‘Brave Ledger’ with Bitcoin Micropayments
Bitcoin and Global Standards to Realize Web’s Full Potential
The W3C is working with Apple, Google, Facebook and other e-commerce giants to radically improve online payment processes.
These improvements recognize the amazing opportunities blockchain brings to online payments for buyers (payers) and merchants (payees).
According to W3C and its strategic partners, “Fragmentation of the payment landscape is limiting the full potential of the web, including lack of standards in areas such as:
- the high-level flow of a web payment;
- the programming interfaces between the various parties (e.g., between user agent and web application);
- the messages exchanged between these parties over the web.”
Secure, One-Click Payments
To address these limitations, the W3C is designing a global