The W3C consortium, which has developed standards such as HTML and CSS, is currently working on a new Web payment standard in which Bitcoin will play an important role. The W3C, which has developed standards such as HTML and CSS, is currently working on a new Web payments standard in which Bitcoin will play an important role. The Web Payments Working Group, which has been formed for this purpose, is for the time being mainly concerned with gathering information on existing payment systems, user interface solutions and planning further work by issuing various working drafts and similar documents. One such document is the "Web Payments Use Cases" which describes the payment process in a fairly detailed way, and which will be the basis for further design work. One of the payment cases described is paying with Bitcoin. It is very important that in the work of the consortium shaping the future of the Internet, Bitcoin is mentioned early in the design stages. On the one hand, this is natural, because Bitcoin by definition is the money of the Internet, but on the other hand, the consortium can undoubtedly be subjected to pressure from operators of traditional payment systems. The Web Payments Working Group is not creating any new digital payments network, but is trying to integrate existing and emerging systems into Web applications in a more efficient and secure way. A standardized workflow should facilitate payment automation, improve security and enhance user experience," the W3C document reads. Sounds nice, but surely such broad integration will require a lot of work. The group's final recommendation is scheduled to be released in November 2017, and the recommendation is just a prelude to releasing a standard. The creator of the World Wide Web and HTML, Tim Berners-Lee tried to introduce a micropayment standard for the Web as early as the end of the last century, but it's fair to say he was ahead of his time. He eventually abandoned the work, due to complicated and ever-changing banking regulations. Back then, the idea of paying online was not as popular as it is today. This time will be different, and Bitcoin could become a model system, due to the lack of legal restrictions, openness of the protocol, independence from banking institutions, and by not requiring any additional infrastructure. It is easy to imagine that a lightweight (no blockchain) BTC wallet for small expenditures could simply be a part of a web browser or thanks to new web applications bitcoin payments will be available in practically every online store/service which will want not only their website but also their payments to be W3C compliant. If this happens, the currently contentious work on increasing block sizes will have to accelerate as the number of transactions on the bitcoin network may increase many times over. Tags bitcoin btc e-commerce payments electronic payments payment processor W3C
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