The World Wide Web Consortium (W3C), an international body focused on developing standards and protocols for the internet, has reportedly been working on making it easier for users to make payments from web browsers.
W3C is also creating an API that will support bitcoin (BTC) payments made via the Lightning Network (LN) (a second layer solution to enable faster bitcoin transactions). The international standards organization aims to enable LN support for bitcoin payments in the most commonly used browsers including Google Chrome, Firefox, and Microsoft Edge.
Having More Payment Options
Although the W3C is not focused on improving a specific payment method such as credit cards, Apply Pay, or cryptocurrencies, the consortium does want to give software developers more options including using the LN to make BTC payments.
Notably, the W3C’s Web Payments Working Group has been actively recruiting bitcoin developers so that they can help add LN support for BTC transactions to the consortium’s API.
According to the W3C, its API might soon support cryptocurrency payments made via the LN as its developers appear to have made substantial progress in integrating the second-layer payment network into web browsers.
Dr. Christian Decker, a well-known Lightning Network developer, sent out an email in August to other programmers to inform them about the second-layer payment network’s ongoing development.
Bitcoin And Lightning May Work "Without Any Major Roadblocks"
Decker, who currently works as an engineer at blockchain technology firm, Blockstream, wrote: "All in all, we should be able to get bitcoin and lightning working with the [specification] without any major roadblocks."
As a member of the Web Payments Working Group, Decker thinks it is important that modern web-based payment systems support cryptocurrency transactions. He told Coindesk:
This is exciting because switching between traditional payments and bitcoins and lightning payments could basically be a single click and make it easier for merchants to accept bitcoin alongside these traditional methods.
Blockchain-Based Currencies Must Be Included In Modern Payments Systems
As CryptoGlobe reported in August, Shitcoin.com CEO Andreas Brekken had said the Lightning Network is currently “impractical even for highly technical users.” After testing the LN to make BTC payments, Brekken found that its software had many glitches and there was a very high rate of transaction failure.
However, it appears that progress is being made to improve the LN, and an increasing number of people now consider cryptocurrencies to be a legitimate payment method. Ian Jacobs, the payments activity head at the W3C, noted:
The architecture is designed to enable new payment methods to be used on the web. That should include blockchain-based payment methods.
As CryptoGlobe covered, Pierre Rochard, an experienced software engineer, revealed that he had been working on a software program called Neutrino that allows users to make LN-enabled BTC payments from Microsoft Excel.
Rochard also informed his followers on Twitter that Neutrino was in its early stages of development, and it would take more time before it starts working effectively.