Letspay

@thriveprotocol Just a second guys

LetsPay completed Hedera Boost, earning 230K HBAR. Cross-border payments from concept to live adoption. Full milestone journey shipped. 🫡 @useletspay | @hedera

From swapping wheat for apples to high-frequency crypto trading on Web3 Human exchange has evolved! Decentralized, fast, and borderless. 🌾📷🍎

Money talks… but most of the time it just says ‘goodbye.’ 💸 Learning how to manage shared expenses is the first step to keeping it around longer. #FinanceMadeSimple

India crossed 12.2 billion UPI transactions in July 2024 - that’s more than the population of the planet, in one month. 🌍

Why Smart Contracts Fall Short Smart contracts were revolutionary, but they carry structural weaknesses that limit their long-term potential: 🎯Scalability: Ethereum’s base layer handled ~15 TPS, and even Hedera’s EVM tops at ~300 TPS . Popular apps like CryptoKitties clogged Ethereum , showing how fragile throughput can be. 🎯Cost: Every operation costs gas. Under heavy load, fees spike to tens or hundreds of dollars. Failed transactions still burn gas . 🎯Security: Code is immutable and hard to audit. Exploits (e.g., The DAO hack in 2016 ) and DeFi breaches continue to cause major losses . 🎯Inflexibility: Once deployed, contracts are extremely hard to upgrade or patch . 🎯Oracle Dependency: Contracts can’t access outside data natively. Reliance on third-party oracles adds vulnerabilities . Despite these flaws, smart contracts dominate due to Ethereum’s first-mover advantage, strong developer community, and established standards (ERC-20, ERC-721) . [1/5 👇]

Who believes in DEFI ?

Traditional payment apps need trust. Blockchain makes trust optional, the network enforces it automatically.

Letspay is making Web3 useful for everyday payments. Starting with the next million users in India 🚀

India does 12B+ UPI transactions every month. Imagine if even 1% involved group payments

We’re building the future of trustless group payments on @hedera. Instant, fair, and powered by credit. 🌍

Why should liquidity be a problem when spending with friends?

💡 Ever paid for your friends and then struggled to get your money back? You’re not alone. That’s exactly why we built LetsPay. 👇

Paying bills with friends just got revolutionary! No more Awkward chases. Try letspay now: demo.useletspay.com