Streaming or Recurring Payments
Token steaming means sending recurring payments in real time, like water flowing into its target. There are two kinds of payment innovations:
- Payout, or payer-side innovation: Business owners use it for payroll, subscription, token vesting, corporate treasury, etc. The customer is mostly on the sender side, optimizing how to send out salaries or token equities to your employees securely, cost-effectively, and automatically, like "Workday + Carta + Brex for crypto".
- Accept payment, or payee-side innovation: Merchants use it to accept payments and allow customers to checkout, like "Stripe for crypto".
| Projects | Blockchains | Payout | Accept Payments | Differentiation |
|---|---|---|---|---|
| Sablier | EVM | ✅ | ❌ | protocol for real-time finance, protocol + app |
| Superfluid | EVM | ✅ | ❌ | stream money every second, protocol + app |
| Roke.to | NEAR | ✅ | ❌ | stream money, protocol + app |
| Zebec | Solana | ✅ | ✅ | multisig treasury management and streaming payments |
| Streamflow | Solana | ✅ | ✅ | token distribution platform, token vesting and payroll |
| MeanFi | Solana | ✅ | ❌ | manage Your Treasury With Real-Time Finance |
| calamus.finance | Multi-chain | ✅ | ❌ | real-time payment and token vesting |
| llamapay | EVM | ✅ | ❌ | automate transactions and stream them by the second. salary, vesting, payments. |
| Suberra | EVM | ❌ | ✅ | accept crypto for commerce, one-time payments or recurring subscriptions |
| LoopCrypto | Ethereum, Polygon | ❌ | ✅ | payment links, receipts and reminders, dashboard, web hooks |
| diagonal.finance | EVM | ❌ | ✅ | non-custodial - Multiple models fixed, seat, usage-based, or Superfluid streaming |
| radom.network | NEAR, Aurora | ✅ | ❌ | pay web2 services with crypto |
| spritz.finance | EVM | ✅ | ❌ | pay bills with crypto |
| cask.fi | EVM | ✅ | ✅ | non-custodial protocol for auto payment |
| DataMynt | Multi-chain | ✅ | ✅ | for business, deposit, settlement, payment, invoice |
| Orbital | Multi-chain | ✅ | ✅ | web2 + web3 corporate financial services |
| Coinbase commerce | Multi-chain | ❌ | ✅ | merchants accept payments with custodial and non-custodial wallets and allow customers to checkout |
| wink.finance | Multi-chain | ✅ | ❌ | simplifies payments and expense management, multisig |
Account Abstraction
As of the end of 2022, the most prominent web3 payment protocol is probably EIP-86/EIP-4337 for Account Abstraction. It uses smart-contract wallets to decouple private key ownership from asset account ownership. The protocol is still a work in progress on Ethereum, but Visa has implemented auto payments for self-custodial wallets on Starkware in its internal hackathon.