If you LOVE this article, are you against sending a tip to Cryptojeter.eth? Follow me on Twitter @CryptoJeter and retweet this post! Feel free to shoot me a DM as I love meeting new folks!

https://twitter.com/CryptoJeter/status/1540448633023234048?s=20&t=XJdCyH3lsKLyTNVtAKmkhw

Thank you for the support!

***Views are my own***

In today’s age, many things are instant. If someone wants to watch a movie, they can go to Netflix and watch a movie in a matter of seconds. If someone wants to hear their favorite song, all they have to do is have an Apple Music account and they can stream all of the music they want. If someone wants to send money to their friend, they can use Cashapp, or use a multitude of apps to send crypto in a near instant fashion. With the ability to do a multitude of things instantly, why can’t people be paid their salary or wages in the manner that they chose? With blockchain technology, payment streaming is becoming possible.

Payment streaming allows employees to receive real-time wages. For example, if someone wants to be paid daily, they can receive the payment the same day after labor has been performed. Contrast that to today’s payment system. Employees have to work two weeks and then the following week, they are paid. Now, this system is what many employees in the United States are accustomed to so there hasn’t been any disruption. To go into further detail regarding how the system works, the employers owe the employees for their time. Theoretically, the employers are in debt to the employees but the debt carries no interest, is not mutual, and is one-sided in favor of the employers. ** **

Contrasting the traditional system to streaming payments, the latter is easier for entities sending payments as there only needs to be a series of set parameters embedded in a smart contract. To give context on how this could work, tokens can be sent from employers to employees on a continuous basis depending on the rate of payment flow. For example, if someone is to be paid 1000 dollars a month, they could receive payments of 1 dollar and 39 cents an hour or 23 cents per minute. This flexibility allows for people to be paid on their desired time horizon such as hourly, daily, or weekly.

Additionally, with the advent of crypto streaming, employers can pay their employees by paying them in the token of the receiver’s choice. Imagine if employers were able to invest in their employees by paying them in whatever tokens they please. Although, at the time of writing, the cryptocurrency industry has taken a massive hit, getting paid in certain crypto assets can be deemed as a way to encourage wealth building.

Another point about the benefits of payment streaming is the reduced reliability of financial institutions. Financial institutions charge many types of fees, exchange rates, commissions and other charges that inconvenience their account holders. Additionally, financial institutions can control when the received funds are available for an account holder’s use which is yet another inconvenience caused by the traditional financial system.

Inconveniences caused by not streaming payments pose real-world consequences for people. Many people suffer from not budgeting properly and sometimes “life happens”, which causes a need for instant availability of funds. Currently, people who are faced with a challenging system are forced to go into debt by using credit cards or by dealing with an undesirable situation. Imagine if someone had a car issue that prevented them from driving. If this person doesn’t have the necessary funds to get their car serviced, they will have to deal with the inconveniences of finding another means of traveling until they have access to more funds in the next pay period. However, if these individuals were able to stream their funds, they could pay to service their car once they accumulated enough money.

Currently, there are few projects looking to develop ways to drive the possibility of payment streaming. These projects include Superfluid, Streamflow, and Roketo. While this article has focused on primarily payment streaming for wages, these vendors offer a wide variety of use cases leveraging the principles of streaming payments.

Superfluid is a startup founded in 2020 by Francesco George Renzi, Miao Miao, and Michele D’Aliessi. In July of 2021, the team scored an investment of 9 million dollars from firms including Multicoin Capital, DeFinance Capital, Delphi Ventures, Semantic Ventures. The round also included angel investors such as Balaji Srinivasan, Stani Kulechov, Ryan Selkis, and David Hoffman. The project has also received support from DAOs such as Metacartel Ventures, The LAO, and

Streamflow is a startup founded in 2021 whose team includes @imprfekt and others. The platform is built on Solana and its current capabilities include streaming payments and token vesting with more options coming in the future such as a multisig wallet. In the future, Streamflow aims to expand cross-chain and onboard web2 projects onto the platform. Streamflow’s most recent round of funding was a 3.1 million dollar seed round with backers that include Jump Crypto, Solana Ventures, GBV Capital, AngelDAO, Huobi Ventures and others.

Roketo is another payment streaming platform built on the NEAR protocol whose primary contributors come from Kikimora Labs. The core team includes Taras Dovgal, Olga Isaeva, Vasilisa Versus, and over 20 others. Roketo is backed by MetaWeb Ventures, A&T Capital,Cogitent Ventures, and Move Capital. The company’s current capabilities include payroll, vesting, and airdropping. Regarding payroll, Rocket serves its customers by providing a quick solution to setting up wages for employees with transparency and low cost. Roketo advertises its ability to the preceding functions while also ensuring its customers have total control over their crypto currency. With regards to vesting, Roketo’s vesting product aids founders with streaming tokens to their investors as well as their employees. Within Roketo’s product, users can set cliffs for token distribution and keep distribution consistent. Lastly, for Rocketo’s airdrop offering, Roketo touts itself as the most affordable and intuitive product on the market.

With the aforementioned startups and most likely others who are focused on creating products to help users stream funds, one can imagine that there are implications of the success of this innovation. Payment streaming will provide more flexibility and create more control for people to have over their finances. This control can provide a way for people to determine the financial outcomes and create a way to adapt to life’s financial challenges easier. As mentioned before, these circumstances could allow users to have access to funds which could limit their reliance on credit, ultimately reducing debt. There are a multitude of use cases that payment streaming can benefit such as “subscription” models such as rent. Streaming payments benefit both parties of transactions as the requesting entity can trust that they will receive the payment continuously as opposed to in one lump sum payment. Ultimately, as this technology is adopted, it will be exciting to see how payment streaming will create a more fair, convenient, and mutually beneficial financial system.

If you LOVE this article, are you against sending a tip to Cryptojeter.eth? Follow me on Twitter @CryptoJeter and retweet this post! Feel free to shoot me a DM as I love meeting new folks!

https://twitter.com/CryptoJeter/status/1540448633023234048?s=20&t=XJdCyH3lsKLyTNVtAKmkhw

Thank you for the support!

***Views are my own***

https://medium.com/superfluid-blog/the-dawn-of-programmable-cashflows-2d50edae05cb

https://cryptobriefing.com/ethereum-project-lets-startup-stream-salaries-crypto/

https://techbullion.com/the-future-of-streaming-payments-with-streamflow/

https://hackernoon.com/crypto-streaming-is-the-web3-way-of-wage-keeping-and-it-is-better-than-you-imagine

https://www.superfluid.finance/home

https://www.roke.to/#used-technologies

https://www.globenewswire.com/news-release/2022/04/27/2430070/0/en/Streamflow-Raises-3-1-Million-in-Seed-Round.html

https://streamflow.finance/

https://hackernoon.com/crypto-streaming-is-the-web3-way-of-wage-keeping-and-it-is-better-than-you-imagine

If you LOVE this article, are you against sending a tip to Cryptojeter.eth? Follow me on Twitter @CryptoJeter and retweet this post! Feel free to shoot me a DM as I love meeting new folks!

https://twitter.com/CryptoJeter/status/1540448633023234048?s=20&t=XJdCyH3lsKLyTNVtAKmkhw

Thank you for the support!

***Views are my own***

In today’s age, many things are instant. If someone wants to watch a movie, they can go to Netflix and watch a movie in a matter of seconds. If someone wants to hear their favorite song, all they have to do is have an Apple Music account and they can stream all of the music they want. If someone wants to send money to their friend, they can use Cashapp, or use a multitude of apps to send crypto in a near instant fashion. With the ability to do a multitude of things instantly, why can’t people be paid their salary or wages in the manner that they chose? With blockchain technology, payment streaming is becoming possible.

Payment streaming allows employees to receive real-time wages. For example, if someone wants to be paid daily, they can receive the payment the same day after labor has been performed. Contrast that to today’s payment system. Employees have to work two weeks and then the following week, they are paid. Now, this system is what many employees in the United States are accustomed to so there hasn’t been any disruption. To go into further detail regarding how the system works, the employers owe the employees for their time. Theoretically, the employers are in debt to the employees but the debt carries no interest, is not mutual, and is one-sided in favor of the employers. ** **

Contrasting the traditional system to streaming payments, the latter is easier for entities sending payments as there only needs to be a series of set parameters embedded in a smart contract. To give context on how this could work, tokens can be sent from employers to employees on a continuous basis depending on the rate of payment flow. For example, if someone is to be paid 1000 dollars a month, they could receive payments of 1 dollar and 39 cents an hour or 23 cents per minute. This flexibility allows for people to be paid on their desired time horizon such as hourly, daily, or weekly.

Additionally, with the advent of crypto streaming, employers can pay their employees by paying them in the token of the receiver’s choice. Imagine if employers were able to invest in their employees by paying them in whatever tokens they please. Although, at the time of writing, the cryptocurrency industry has taken a massive hit, getting paid in certain crypto assets can be deemed as a way to encourage wealth building.

Another point about the benefits of payment streaming is the reduced reliability of financial institutions. Financial institutions charge many types of fees, exchange rates, commissions and other charges that inconvenience their account holders. Additionally, financial institutions can control when the received funds are available for an account holder’s use which is yet another inconvenience caused by the traditional financial system.

Inconveniences caused by not streaming payments pose real-world consequences for people. Many people suffer from not budgeting properly and sometimes “life happens”, which causes a need for instant availability of funds. Currently, people who are faced with a challenging system are forced to go into debt by using credit cards or by dealing with an undesirable situation. Imagine if someone had a car issue that prevented them from driving. If this person doesn’t have the necessary funds to get their car serviced, they will have to deal with the inconveniences of finding another means of traveling until they have access to more funds in the next pay period. However, if these individuals were able to stream their funds, they could pay to service their car once they accumulated enough money.

Currently, there are few projects looking to develop ways to drive the possibility of payment streaming. These projects include Superfluid, Streamflow, and Roketo. While this article has focused on primarily payment streaming for wages, these vendors offer a wide variety of use cases leveraging the principles of streaming payments.

Superfluid is a startup founded in 2020 by Francesco George Renzi, Miao Miao, and Michele D’Aliessi. In July of 2021, the team scored an investment of 9 million dollars from firms including Multicoin Capital, DeFinance Capital, Delphi Ventures, Semantic Ventures. The round also included angel investors such as Balaji Srinivasan, Stani Kulechov, Ryan Selkis, and David Hoffman. The project has also received support from DAOs such as Metacartel Ventures, The LAO, and

Streamflow is a startup founded in 2021 whose team includes @imprfekt and others. The platform is built on Solana and its current capabilities include streaming payments and token vesting with more options coming in the future such as a multisig wallet. In the future, Streamflow aims to expand cross-chain and onboard web2 projects onto the platform. Streamflow’s most recent round of funding was a 3.1 million dollar seed round with backers that include Jump Crypto, Solana Ventures, GBV Capital, AngelDAO, Huobi Ventures and others.

Roketo is another payment streaming platform built on the NEAR protocol whose primary contributors come from Kikimora Labs. The core team includes Taras Dovgal, Olga Isaeva, Vasilisa Versus, and over 20 others. Roketo is backed by MetaWeb Ventures, A&T Capital,Cogitent Ventures, and Move Capital. The company’s current capabilities include payroll, vesting, and airdropping. Regarding payroll, Rocket serves its customers by providing a quick solution to setting up wages for employees with transparency and low cost. Roketo advertises its ability to the preceding functions while also ensuring its customers have total control over their crypto currency. With regards to vesting, Roketo’s vesting product aids founders with streaming tokens to their investors as well as their employees. Within Roketo’s product, users can set cliffs for token distribution and keep distribution consistent. Lastly, for Rocketo’s airdrop offering, Roketo touts itself as the most affordable and intuitive product on the market.

With the aforementioned startups and most likely others who are focused on creating products to help users stream funds, one can imagine that there are implications of the success of this innovation. Payment streaming will provide more flexibility and create more control for people to have over their finances. This control can provide a way for people to determine the financial outcomes and create a way to adapt to life’s financial challenges easier. As mentioned before, these circumstances could allow users to have access to funds which could limit their reliance on credit, ultimately reducing debt. There are a multitude of use cases that payment streaming can benefit such as “subscription” models such as rent. Streaming payments benefit both parties of transactions as the requesting entity can trust that they will receive the payment continuously as opposed to in one lump sum payment. Ultimately, as this technology is adopted, it will be exciting to see how payment streaming will create a more fair, convenient, and mutually beneficial financial system.

If you LOVE this article, are you against sending a tip to Cryptojeter.eth? Follow me on Twitter @CryptoJeter and retweet this post! Feel free to shoot me a DM as I love meeting new folks!

https://twitter.com/CryptoJeter/status/1540448633023234048?s=20&t=XJdCyH3lsKLyTNVtAKmkhw

Thank you for the support!

***Views are my own***

https://medium.com/superfluid-blog/the-dawn-of-programmable-cashflows-2d50edae05cb

https://cryptobriefing.com/ethereum-project-lets-startup-stream-salaries-crypto/

https://techbullion.com/the-future-of-streaming-payments-with-streamflow/

https://hackernoon.com/crypto-streaming-is-the-web3-way-of-wage-keeping-and-it-is-better-than-you-imagine

https://www.superfluid.finance/home

https://www.roke.to/#used-technologies

https://www.globenewswire.com/news-release/2022/04/27/2430070/0/en/Streamflow-Raises-3-1-Million-in-Seed-Round.html

https://streamflow.finance/

https://hackernoon.com/crypto-streaming-is-the-web3-way-of-wage-keeping-and-it-is-better-than-you-imagine