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Author Topic: Bitcoin in the Browser: Google, Apple and More Adopting Crypto-Compatible API  (Read 142 times)
alyssa85
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September 17, 2017, 10:44:12 AM
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https://www.coindesk.com/bitcoin-browser-google-apple-move-adopt-crypto-compatible-api/

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Developers at some of the top tech companies have created a browser API that could soon make it easier to buy goods and services online with cryptocurrency.

The work, started by the World Wide Web Consortium (W3C) with the help of Microsoft, Google, Facebook, Apple and Mozilla, is a tangible step forward for a currency-agnostic web payment standard first conceived in 2013. Equally, as bitcoin and other cryptocurrencies gain more momentum, the launch signifies the growing recognition of cryptocurrency as a payments technology.

Indeed, the W3C has gotten more interested in blockchain technologies over the years, hosting its first ever blockchain workshop in June last year. But while participants were left with interest in standardizing and democratizing the technology's use, no formal work was decided upon then. That, however, has changed.

Announced on Thursday, the API is currently being implemented in browsers including Google's Chrome, Microsoft's Edge, Apple’s Webkit, Mozilla’s Firefox, the Samsung Internet Browser and Facebook's in-app browser. When activated, the Payment Request API will allow new payment types, including bitcoin, ether any any other available cryptocurrency (as well as more traditional online payment methods) to be stored directly in the browser.

Consumers will then be able to choose from a drop-down menu of available payment methods supported, a kind of expansion on the auto-fill feature already widely enabled at checkout.

And with that, Ian Jacobs, head of the W3C's payments activity, said now's a good time for developers to start writing code for payment methods they'd like to see available.

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peterthegreat
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October 22, 2017, 11:38:56 PM
 #2

This is not a good idea as it won't be secure and there are better ways to transact. There are Bitcoin wallets and they are perfect for sending BTC cheaply and securely.
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October 23, 2017, 12:21:22 AM
 #3

This is not a good idea as it won't be secure and there are better ways to transact. There are Bitcoin wallets and they are perfect for sending BTC cheaply and securely.

As per anything relating to where money is being moved, there will be security present, it may not be the same grade of security which is found in HD wallets and some of the web wallets but it will be sure as hell secure as people aren't going to be using this if it isn't secure.

Also, people are going to weigh the option of this being both convenient which is what a browser crypto compatible wallet would be and security. So these two would balance eachother out in the users mind.

It's a good idea, I just wait to see what it looks like.

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digaran
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October 23, 2017, 05:01:07 AM
 #4

This could kill the brave browser or brave browser could kill this, what happens to payment processors and how many people will accept payments with crypto currencies? they are in serious trouble if they're looking for volunteers to write the codes for such a bold experiment. but it is a good project if they could make it safe, we'll just need to have our own browser portable to take it where ever we go.

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pooya87
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October 23, 2017, 05:06:22 AM
 #5

This is not a good idea as it won't be secure and there are better ways to transact. There are Bitcoin wallets and they are perfect for sending BTC cheaply and securely.

it calls it "the Payment Request API" so i don't think it is for storing your "private keys" in browser. it may be just payment requests. something simple like using BIP21 can be the thing they have in mind or it can also be creating a transaction for you to sign elsewhere and then broadcast it for you.
i couldn't find more information about it though and the article gave me this understanding.

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