yep my gut feeling same a lot of hands here

Yeah, I'd be cautious about this. It's not clear to me whether the proposal is good or bad.

nout

Neat that Lightning shows up in a W3C proposal.

No mention of BAT? Brave in shambles.

(I still <3 u Brave)

nichro

Tehila

Payments made by a user to a website, facilitated through a monetization provider.

The party making payments on behalf of the user. A monetization provider leverages the 

 suite of protocols and technologies (e.g., [Open Payments] based on [STREAM]) to provide a high-level way to pay a monetization receiver.

The party receiving payments on behalf of the website, whose details are provided by a payment pointer.

A URL to an Open Payments API entry-point (i.e., a JSON resource containing details that facilitate payment to an account).

An session between a monetization provider and monetization receiver initiated by the user agent at the monetization receiver. One or more payments can be initiated by the monetization provider in a single session.

 suite which "routes packets of money across the ILP network just as the internet routes packets of information" and these "payments sent using ILP [...] can be in any currency, including fiat or otherweise."

This was created by Stefan Thomas, former CTO at Ripple

Interledger is utilized by Ripple Labs to connect bank systems across borders where the Ripple (XRP) token functions as a standardized settlement layer between global banks, making Ripple somewhat akin to a digital hawala service.

Thanks for sharing! Always interesting to see what bitcoin is competing against.

tech

Web Monetization API - A proposed W3C standard

[§ 2. Model](https://webmonetization.org/specification/#model)

> _**Monetization:**_
> Payments made by a user to a website, facilitated through a monetization provider.
> _**Monetization provider:**_
> The party making payments on behalf of the user. A monetization provider leverages the [Interledger Protocol](https://interledger.org/developers/rfcs/interledger-protocol/) suite of protocols and technologies (e.g., [Open Payments] based on [STREAM]) to provide a high-level way to pay a monetization receiver.
> _**Monetization receiver:**_
The party receiving payments on behalf of the website, whose details are provided by a payment pointer.
> _**Payment Pointer:**_
A URL to an Open Payments API entry-point (i.e., a JSON resource containing details that facilitate payment to an account).
> _**Payment session**_
An session between a monetization provider and monetization receiver initiated by the user agent at the monetization receiver. One or more payments can be initiated by the monetization provider in a single session.

Interesting, this is based on the [Interledger Protocol](https://interledger.org/developers/rfcs/interledger-protocol/) suite which "routes packets of money across the ILP network just as the internet routes packets of information" and these "payments sent using ILP [...] can be in any currency, including fiat or otherweise."[^1]

This was created by Stefan Thomas, former CTO at Ripple[^2], and is also what [apparently Ripple uses](https://www.investopedia.com/terms/i/interledger-protocol.asp):

> Interledger is utilized by Ripple Labs to connect bank systems across borders where the Ripple (XRP) token functions as a standardized settlement layer between global banks, making Ripple somewhat akin to a digital hawala service.

They are also aware of Lightning since [there are some threads in their forum about it](https://forum.interledger.org/t/whats-the-difference-between-interledger-and-lightning/133/2).

Thanks for sharing! Always interesting to see what bitcoin is competing against.

[^1]: interledger.org, [_How does the Interledger Protocol (ILP) work?_](https://interledger.org/)
[^2]: interledger.org, [_Stefan Thomas_](https://interledger.org/summit/speaker/stefan-thomas)