Madeleine Charity

@mads367

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29 Followers

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Madeleine Charity

5/ This is one of the fastest changing parts of the crypto stack. At @privy, we focus on offering the best possible money movement tools to developers out-of-the-box so you can focus on building the best product for your users. Read more on how here https://privy.io/blog/money-movement-onchain

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Madeleine Charity

4/ Bridging and swapping 🌉 Moving tokens across chains once required navigating complex bridges and many clicks. Now, tools like Relay and Decent offer cross-chain functionality with a single click – making onchain transactions as easy as ecommerce purchases.

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Madeleine Charity

3/ Gas sponsorship ⛽ Onchain transactions require gas fees in the blockchain’s native token – a common blocker for new users. Today, tools like ZeroDev and OpenZeppelin let apps sponsor gas, allowing users to start transacting instantly without needing specific tokens first.

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Madeleine Charity

2/ Onramps 🤝 Getting money onchain used to be clunky and time-consuming, with users often abandoning the process. Now, onramps like Coinbase and Moonpay enable direct fiat-to-crypto conversions through standard payment methods like debit cards, credit cards, and Apple Pay.

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Madeleine Charity

1/ How money moves onchain Blockchains enable faster, cheaper, borderless payments, but for years the complex tech stack held back simple UX. That’s changing. Today's blog unpacks how money moves onchain and the tools making crypto-enabled apps easier than ever to build 👇

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Madeleine Charity

Hyped to have you on the team @sejalj!!

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Madeleine Charity

5/ We're in the beginnings of a multi-year acceleration of the world embracing moving money on crypto rails. Check out today's blog post for more on why we're so excited about onchain payments. https://privy.io/blog/onchain-payments

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Madeleine Charity

4/ Why now? Onchain payment share is accelerating thanks to a combo of: ✨ Better wallet UX/devex 🏎️ More efficient blockchains 🏦 A maturing onchain financial ecosystem Check out work from our friends at BVNK, DolarApp, Bridge and who are leading the way!

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Madeleine Charity

3/ The onchain alternative works closer to how you'd expect money to move Consumers transfer funds directly to merchants' wallet as a simple peer-to-peer payment, confirmed on a public protocol. Execution-focused blockchains can often execute transactions for <$0.01

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Madeleine Charity

2/ Making a card payment today is far more complex than most people realize. It's a 7+ step process coordinating multiple banks over several days on a stack that's been around since the 1960s. Given all the complexity, merchants only see ~97% of the transaction value.

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Madeleine Charity

1/ How blockchains simplify transactions 🤝 Moving money onchain is strictly better alternative to the offchain status quo. It's cheaper, faster, 24/7 programmable, and more and more of the world is starting to realize. Today's blog post from @privy breaks down how crypto payment rails work 👇

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Been getting questions on how this works. Under the hood, it was important for us to use tried-and-true systems and not reinvent the wheel as we help users access their embedded wallets through RainbowKit, ConnectKit, and many other connector libraries 1/

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