Term of the Moment

integer


Look Up Another Term


Redirected from: PayID

Definition: PayString


A form of universal payment identification from a coalition led by the Ripple financial settlement system. PayString was developed to make funds transfer as universal as sending email or a text message. Introduced in 2020 as "PayID," PayString lets people on different payment networks, crypto wallets and crypto exchanges send and receive funds. Another goal is to be an option on merchant sites along with credit cards. See Ripple.