Gm,
As we head into the long weekend (at least here in the US & Canada), I wanted to share some reading material. Our Co-Founder and CEO Eleni Steinman authored a recent piece about the new on-chain payments stack. Eleni has one of the best vantage points in web3 to understand how the world of on-chain payments is evolving and what it takes for more and more businesses to adopt on-chain payments.
We’re seeing a number of different trends (both technological and societal) that have driven us to an inflection point in payments. On-chain payments are faster, cheaper, and interoperable; however, to realize these values and gain the right to process the payment, it is critical to solve the workflows before and after the actual payment transaction. This will enable on-chain payments to replace traditional rails.
From this starting point, Eleni dives into practical examples of how different players are incorporating on-chain payments into their processes and what the full payment stack looks like. It’s definitely worth a read!
Enjoy the weekend!
Best,
Jeff
