🧾 Web3 Automated Payments
Loop Crypto streamlines web3 with automated payments while ensuring user control and decentralized usability.
Today's Highlights
- Loop Crypto - simplifying automated payments in the Web3 era
- Today's Infographic
- In Other News - a few interesting developments we're tracking
Loop Crypto - Simplifying Automated Payments in the Web3 Era
Loop Crypto aims to tackle the challenges posed by manual transaction approvals and strives to enable automated recurring payments within the web3 infrastructure. The key advantage of web3 lies in its ability to grant users full control over their assets through self-custody, ensuring that transactions are signed and approved by the individual, granting them complete authority and preventing unauthorized access to their funds.
Nevertheless, this powerful feature comes with a drawback, as it requires users to approve every single subscription payment, token swap, salary payment, donation, and more, making it difficult to set up automated processes. At an organizational level, such as DAOs and multi-signatures, the coordination and logistics surrounding transaction approvals become even more complex, leading to potential barriers to adoption.
The vision behind Loop Crypto is to address these challenges by developing smart contracts as customizable templates to cater to unique business needs. Moreover, the team behind Loop Crypto has created essential tooling that allows companies to seamlessly integrate APIs, dashboards, and backend services, simplifying the process and making it as easy as adding an HTML snippet to a website.
The overarching goal of Loop Crypto is to become an integral part of the core web3 infrastructure, characterized by user and builder ownership and governed by tokens, while embracing a design focused on interoperability. This vision aligns with the ethos of a decentralized and user-centric future, where automated recurring payments can be efficiently executed without sacrificing security and control over assets.
As web3 technology continues to evolve, solutions like Loop Crypto that address the practical challenges of usability and automation will be essential for achieving mass adoption and fostering a decentralized, user-centric ecosystem.
Shane van Coller and Eleni S. are the co-founders of Loop Crypto. They have raised a total of $4M in funding.
🧐 Today's Infographic
In Other News
Will Izuchukwu
Will Izuchukwu
Null Transaction PR