CharmsPay Enterprise

Here's a great example of a practical Charms app that makes bitcoin better money. @CharmsPay_ is a system for bitcoin-based subscription plans. Merchants can create a subscription plan directly on-chain, and users can subscribe to those plans using taproot wallets, paying their way in BTC directly. Subscription plans can come in all shapes and sizes: revenue for a SaaS platform, content creators wanting token-gated access, game devs implementing premium features, and so on. The underlying architecture is the same: - The author creates the plan and defines its rules inside an NFT - A subscriber locks BTC in a Scrolls vault from which BTC is periodically deducted to stay subscribed. - The subscriber receives fungible plan tokens for their BTC payments, which are burned or deducted as they're consumed by the service. The creator, Ridwan Oseni, is first honing in on a core use case: bitcoin-based payroll services. I personally love this idea. While Bitcoin is too slow and expensive for most consumer payments, payroll/salary payments are typically delivered in large monthly batches, making it viable for an L1 subscription system. Contractors and employees who use bitcoin as a store of value appreciate receiving direct BTC payments. Likewise, businesses that keep their balance sheets in BTC appreciate being able to pay in BTC without first converting to fiat. An open platform for creating Bitcoin-based payroll plans, without stressful KYC onboarding, is a no-brainer in my view. I have to love the tech here too, because it combines multiple elements of the charms stack to make something truly unique: NFTs, subscription tokens, and Scrolls vaults. When this thing goes live, I'd use it. You can view the GitHub below! 👇 🔗github.com/RidwanOseni/ch…

🚀 Introducing the next batch of BitcoinFi Accelerator teams. We're excited to lead this next batch with our partners @SupernormalFDN, @DraperDragon, and @DraperVC. Sponsered by @fairmint @GoMaestroOrg @MezoNetwork @rise_pay. 7 projects pushing the boundaries of what's possible on Bitcoin 🧵👇