What if you could send and receive money as easily as an email? No more reading off your IBAN, or memorising the back of your credit cards. No more downloading a completely new mobile payment app that you’ll only use once to pay back a friend for dinner. If money worked like email, we’d be able to send it to each other regardless of the
backend details — it doesn’t matter, after all, whether you prefer Hotmail or Gmail, emails are universally compatible. We’d be able to use money as organically as our own given names — with unique identifiers that we, well, actually identify with. Thanks to PayString, that future might be just around the corner — and thanks to SnT’s Dr. Wazen Shbair and his team, that future is going to be a whole lot more secure.

PayString is an open-standard protocol that is creating universal payment identifiers that work like email (something like this: name$example.com). When a consumer first makes a PayStringSecure, they upload all of the banking and wallet details that they want to link to it, and they are ready to go. When it is time to send or receive a payment, they can use the PayString user interface to send money to another PayStringSecure. At the end of the day, this system allows for complete flexibility. You can send Euro to a Bitcoin wallet. You can send USD from your PayPal account to a friend who prefers using Wise (formerly TransferWise). PayString’s simple, open-source interface breaks down the barriers that created silos in the mobile banking market, introducing the truly independent and universal identification standard — like email addresses or phone numbers — that will give consumers the ultimate freedom of choice in a rapidly growing market.