Online service providers like Netflix and Hulu can now accept crypto for memberships and subscription services through an easy-to-integrate decentralized payment solution
BLOCKCHAIN FUTURIST CONFERENCE — TORONTO — Aug 13, 2019 — Monarch, the decentralized wallet and suite of crypto services, has launched the first decentralized recurring payments system Until now, there’s been no way to automatically pay merchants in crypto on a recurring basis due to the limits of blockchain-based transactions. To solve this, Monarch developed a patent-pending permission-based smart contract system that pays one wallet address the same amount of cryptocurrency on a daily, weekly, monthly, yearly or other recurring bases. This smart contract allows any merchant to start accepting recurring payments, and any user to start paying onboarded merchants with the supported cryptocurrencies.
Not only will businesses be able to create recurring subscription-based plans using the Monarch payment solution, but businesses and…