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README.md

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#The WebWallet API
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A digital wallet specification for the Web.
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###A digital wallet specification for the Web.
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## Abstract
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This specification defines an API that aims to enable Web applications to carry out electronic commerce transactions using WebWallets.
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## What is a WebWallet?
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A WebWallet is a digital wallet that can temporarily store money on the Web for intended online purchases.
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+ **No deposits, but recharges**
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A WebWallet is funded through prepaid recharges, and funds can be added in any currency supported by the target merchant and the applicable regulations.
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+ **No withdrawals, only payments**
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A WebWallet recharge is interpreted as a purchase intention, therefore it cannot be reversed. The balance loaded on a WebWallet cannot be redeemed for cash, so it must be spent on a purchase at some point.
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## API Overview
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The WebWallet API defines how to expose and interact with WebWallet instances in order to request and carry out transactions.
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+ **Exposure through URLs**
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Each WebWallet is represented as a URL, and transactions can be requested and carried out using HTTP methods with the proper credentials.

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