The Open Payments Coalition has announced that its universal payment ID network PayID now supports end-to-end encryption messaging, cloud computing and a sandbox for developers, according to a press release.

With members such as Ripple, BitGo,, Huobi and over 40 other global companies and nonprofits, the coalition’s PayID aims to simplify transactions around the globe by creating a universal payment identifier—akin to an email address—that can be used to send and receive money across any service and currency.

To beef up its security and privacy, the latest PayID update introduced additional verification tools that could help both senders and receivers to verify each other. Verifiable PayID is using an end-to-end encryption system that generates messages that can only be read by the transacting users—but not by servers or other third parties.


“This means non-custodial wallet users can now make use of a fully trustless model, so receivers no longer need to trust their PayID provider. This has several benefits for non-custodial wallets as it significantly de-risks the trust model of their PayID server and strengthens its defenses against potential hackers,” explained the announcement.

For companies and developers, PayID now also offers a specialized sandbox that allows them to get familiar and test the system before actually implementing it, avoiding some corresponding hurdles.

Finally, PayID now supports AWS Lambda, a serverless computing platform provided as a part of Amazon Web Services. According to the announcement, this standard-compliant platform should ease the deployment process for all interested enterprises by removing the cost of managing their own separate server.

“PayID AWS Lambda works just as the PayID server would, but this gives developers deploying less advanced or intensive deployment to implement PayID quickly and cost-effectively,” the announcement added.

As Decrypt reported, the Open Payments Coalition first revealed PayID in mid-June. Among its nearly 50 consortium members, Ripple said that the system could reach 125 million potential customers.


Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.