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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
It’s better than stripe It’s the future payment rails of the internet If I wasn’t working on buoy I’d be begging to work at fabric
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Noah Bragg 🔥
@nbragg
Main downside to stripe is that payments aren’t 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 It’s for sure a challenge but there’s lots of promising stuff in the pipeline
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Noah Bragg 🔥
@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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Haole
@haole
how does the referral work in buoy? didn't see that..
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Michael Pfister
@pfista
In hypersub if you go to buoy then earn, if people signup using your link you’ll get 5% additional https://hypersub.withfabric.xyz/s/buoy-pro-13tu651b05tds/earn
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Haole
@haole
oh, thanks! Didn't see that because of the color..
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