🧾 Web3 Automated Payments

Loop Crypto streamlines web3 with automated payments while ensuring user control and decentralized usability.

🧾 Web3 Automated Payments
Photo by rupixen.com / Unsplash

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

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Secret Network’s native token, $SCRT, has experienced a remarkable surge, emerging as the top gainer on leading cryptocurrency exchange Binance.
Loopring Token (LRC) Faces Concerns As Creator Moves Holdings To Binance » The Merkle News
Investors are expressing apprehension following news that Daniel Wang, the creator and former CEO of Loopring, a decentralized exchange protocol, transferred a significant portion of the system’s token, LRC, to Binance
Court Order Derails Ripple (XRP); Solana (SOL) Investors Shift To Algotech (ALGT) To Build Wealth » The Merkle News
The crypto market has become sophisticated. Even market biggies like Ripple (XRP) and Solana (SOL) are struggling to stay afloat. Hence, investors now need to adopt innovative processes to stay profitable. A newly launched crypto project, Algotech (ALGT), has offered an attractive investment opportu…

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