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Haole
@haole
Is @fabric like an on-chain version of Stripe for subscriptions and crowdfunding? I've heard it before but never looked into it until I bought a @buoy subscription today. It seems really interesting. Will give it a try when I launch something in the future.
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Michael Pfister
@pfista
Itโs better than stripe Itโs the future payment rails of the internet If I wasnโt working on buoy Iโd be begging to work at fabric
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Noah Bragg ๐ฅ
@nbragg
Main downside to stripe is that payments arenโt automatic. Fabric users have to reup their subscription. Big subscriber loss on that.
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Michael Pfister
@pfista
Fabric is building a lot of tools to help drive renewals (like DC reminders before and after expiration) as well as warpcast native frames that make it easy to top up Itโs for sure a challenge but thereโs lots of promising stuff in the pipeline
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Noah Bragg ๐ฅ
@nbragg
That is promising stuff but this has already been figured out in the web2 world. Recurring payments outperforms because it just keeps going and less decision fatigue.
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Michael Pfister
@pfista
Sure, but fabric has revenue share + referral rewards It turns your customers into marketers and shareholders The incentives are aligned in a way unlike any other payment rail or loyalty program
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