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#ideathon-recurringpayments
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Created by@Konstantin Shirokov
Created on2023/06/14
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Abuchtela U_1d212221932a06 · 2024/08/26

Listen to the community #space_traffic_monitoring #ideathon-ideathon #the_future_of_crypto #Telegram #workshop #hackerdojo #socialfi #ideathon-Sustainable_Art_and_Environmental_Protection #1548918

It’s very frustrating when you constantly send messages here on telegram on discord, a direct email address, etc. what’s even more frustrating is when you take all this time to create things, do bounty’s, participate in workshops, gov, help others, you get the point. And quite frankly I personally am insulted that I from experience here por the past 3 years now, can NEver get responses back, on any platform, wining bounties- absolutely don’t expect to actually get paid your “rewards” even when months go by message after message. Oh and when it states your participation in this hackathon and applied for that grant relatively means nothing either because your builds won’t be showing up on the listings, it will take a year to get verified if you ever do, and if applying for grants and you think u won, don’t count on it. Your work becomes a waste and meaningless to everyone. Oh and your expected to pay out of your own pocket for the community token Dora to “stake” for vcdora just to vote on projects that especially say they include yours but clearly don’t, and by the way how are u expected to purchase these Dora tokens if you can’t even get paid for your work, bounties, prizes, participation, grants, etc. from the beginning. I guess just like in my case when your disabled your given a choice, food on the table, or Dora tokens, hmm….🤔 #ideathon-recurringpayments
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https://dorahacks.io/ideathon
Konstantin Shirokov · 2023/06/14

Recurring payments using Web3 wallet #465

In the fiat space recurring payments are a giant industry with an estimated transaction volume exceeding 13 trillion USD in 2022. And it is estimated to grow significantly higher due to the shift to the subscription economy. Fiat payment subscription is expensive for business and users are struggling with subscriptions that they are not willing to pay for anymore, but forgot to cancel. <br><br> At the same time, Web3 provides a unique advantage of self-custody, allowing users to have complete control over their assets. However, this feature also poses the challenge of requiring manual approvals for every transaction. These approvals are complicated on the user level, but for organizations such as DAOs, it is a disaster, given their multi-sig approvals. <br><br> Yoki Finance team believes that automating Web3 recurring payments will combine the benefits of the traditional subscription economy with the benefits of blockchain and self-custody.<br><br> Implementing such functionality on a larger scale is critical for the mass adoption of the crypto payment infrastructure both in Web3 and non-Web3 spaces.<br><br>#ideathon-recurringpayments<br>#buidl-4758