PRYSM Pay

PRYSM Pay is a sophisticated module tailored for the PRYSM, designed to facilitate seamless payment streaming. Leveraging the robust frameworks of the Cosmos SDK & Tendermint, PRYSM Pay allows for both delayed and continuous payment streams, offering versatility for various transactional needs. This system empowers users with flexible payment solutions, aligning with modern financial practices within the ecosystem.

Payment Modes

• Continuous Payments: Allows for an uninterrupted flow of funds directly proportional to the time elapsed, ideal for subscriptions or services rendered over a period.

• Delayed Payments: Funds are released in full at a predetermined future date, mirroring scheduled payments for contracts or milestone achievements.

Utility and Future Applications

The adaptability of PRYSM Pay paves the way for its integration into a multitude of scenarios:

• Recurring and One-Time Interactions: Facilitates pay-per-use models without requiring trust, enhancing transactions in DeFi loans, NFT collateralization, and more.

• Supply Chain Payments: Empowers vendors within blockchain-based supply networks to receive timely and reliable payments.

• Conditional Streaming: With further development, payment streams could be programmed to meet specific on-chain conditions, ensuring milestone-based delivery or gig payments are made trustlessly.

Real-Time, Trustless Interactions

PRYSM Pay's trustless streaming payment system ensures seamless transactions during real-time interactions with professionals like doctors, lawyers, and designers, eliminating concerns over payment for both parties involved.

Expanding the Ecosystem with PRYSM Pay

• Pay-per-view Access: Users could enjoy PPV content, ranging from audio and video to images and text PRYSM or other IBC tokens, offering a flexible consumption model.

• DAO Payments: Service DAOs could benefit from PRYSM Pay by facilitating milestone-based payments, allowing for continuous or periodic token delivery.

• Pool Payments: Content platforms could utilize PRYSM Pay to directly compensate creators and licensors based on content consumption, ensuring fair distribution of earnings.

These features highlight PRYSM Pay's potential to enrich the digital economy, making it an indispensable tool for a wide range of applications.