Digital money has taken on a rather bad reputation of late, but what if the transfer money could be as frictionless, and inexpensive as the exchange of information enabled by the internet? Just as TCP/IP transformed the way information was exchanged, and drove the cost of that transfer inexorably lower, the interledger protocol, a W3C standard, aims to do that for payments and the transfer of value.
Already connecting traditionally unbanked communities into the world’s financial systems, the protocol opens opportunities for new business models and value exchange.
How might it transform what we do online and in the physical world?