The Universal Commerce Protocol (UCP) is an evolving framework aiming to standardize online transactions and foster interoperability across diverse e-commerce...
The UCP is a proposed standard designed to create a unified system for online transactions, enabling seamless interoperability and communication between different e-commerce platforms and services globally.
It aims to address the fragmentation in current e-commerce by reducing complexities, lowering costs, improving user experience, and fostering greater innovation and market access through standardized transaction processes.
Businesses benefit from reduced integration complexities and expanded market reach, while consumers enjoy simpler, more secure, and consistent purchasing experiences across various online platforms. Developers also gain from standardized APIs.
UCP is not a payment gateway or a standalone platform itself. Instead, it's a foundational protocol that would integrate with or sit beneath existing systems, providing a common language and set of rules for them to interact more efficiently and broadly.