Magnetic Monopole is Photon

It is shown that a photon with a specific frequency can be identified with the Dirac magnetic monopole. When a Dirac-Wilson line forms a Dirac-Wilson loop, it is a photon. This loop model of photon is exactly solvable. From the winding numbers of this loop-form of photon, we derive the quantization properties of energy and electric charge. A new QED theory is presented that is free of ultraviolet divergences. The Dirac-Wilson line is as the quantum photon propagator of the new QED theory from which we can derive known QED effects such as the anomalous magnetic moment and the Lamb shift. The one-loop computation of these effects is simpler and is more accurate than that in the conventional QED theory. Furthermore, from the new QED theory, we have derived a new QED effect. A new formulation of the Bethe-Salpeter (BS) equation solves the difficulties of the BS equation and gives a modified ground state of the positronium. By the mentioned new QED effect and by the new formulation of the BS equation, a term in the orthopositronium decay rate that is missing in the conventional QED is found, resolving the orthopositronium lifetime puzzle completely. It is also shown that the graviton can be constructed from the photon, yielding a theory of quantum gravity that unifies gravitation and electromagnetism. PACS codes: 11.25.Hf, 02.10.Kn, 11.15.-q, 04.60.-m.