Crypto needs more no-fee, open-source payment tools
2025-07-03 17:51:20
Main Idea
BlueYard’s head of crypto research developed FreePay, a fee-free, tap-to-pay crypto payment tool, aiming to replace traditional financial systems with open-source solutions.
Key Points
1. FreePay is a fee-free, tap-to-pay crypto payment terminal developed by Tim Robinson, head of crypto research at BlueYard.
2. The system includes a companion app for sellers and an Android app for customers, currently compatible with MetaMask and Coinbase Wallets.
3. Traditional payment processors like Visa and Mastercard charge higher fees (1%-2.5%), while crypto solutions like Ethereum L2 and Solana offer lower costs.
4. Robinson emphasizes the need for open-source, no-fee tools to align with crypto's original purpose of replacing traditional finance (TradFi).
5. Crypto payments in the US come with tax complexities, but FreePay aims to simplify transactions for broader adoption.
Description
BlueYard’s head of crypto research developed FreePay to make fee-free, tap-to-pay crypto payments a reality
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