The Subscription Economy Meets Crypto
Crypto has unlocked global value transfer - anyone, anywhere can receive payments. But there’s a critical gap: recurring payments.Traditional Finance
Stripe and PayPal process >1% of world GDP through subscriptions
Crypto Today
Only push payments - no native subscription infrastructure
The Technical Challenge
Why Crypto Subscriptions Are Hard
Bitcoin: No smart contract capabilities
Bitcoin: No smart contract capabilities
Bitcoin’s scripting language isn’t Turing-complete - it can’t execute recurring payment logic on-chain.Only solution: Give your private key to a custodial service 😬Problem: That’s just rebuilding Stripe with extra steps.
Ethereum: The push payment problem
Ethereum: The push payment problem
Traditional payments: Pull-based (merchant pulls funds)
Crypto payments: Push-based (user must initiate)The dilemma: Who triggers recurring payments if users must approve each one? If we automate it, doesn’t that require custody? If we make it custodial, aren’t we just recreating centralized finance?
Crypto payments: Push-based (user must initiate)The dilemma: Who triggers recurring payments if users must approve each one? If we automate it, doesn’t that require custody? If we make it custodial, aren’t we just recreating centralized finance?
The Ideal Solution Requirements
The answer: Account Abstraction (ERC-4337) ✨
How Account Abstraction Solves It
- The Problem
- The Solution
- The Benefits
Traditional wallets (EOAs):
- User must manually approve every transaction
- Can’t automate recurring payments
- Push-only model
- Automated execution at intervals
- User maintains control
- No custodial service
Real-World Applications
SaaS Subscriptions
Monthly software payments in stablecoins
Content Memberships
Creators receive recurring support
Utility Bills
Automated payments for services
Streaming Services
Netflix-style subscription model
Payroll
Automated team payments
DeFi Strategies
Recurring DCA purchases
Industry Validation
Visa's Auto-Payments Proposal
Major payment networks are recognizing the need for crypto subscription
infrastructure
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Test recurring payments with our sandbox
Integration Guide
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What is Account Abstraction (ERC-4337)?
What is Account Abstraction (ERC-4337)?
Account Abstraction transforms Ethereum accounts into programmable smart contracts, enabling features like:
- Automated transactions
- Gasless transactions
- Social recovery
- Session keys
- Batch operations
Is this secure?
Is this secure?
Yes. Security features include: - User sets spending limits - Payments limited
to approved merchants - Frequency restrictions enforced on-chain - User can
cancel anytime - Smart contracts are audited - All code open source
How is this different from giving access to my funds?
How is this different from giving access to my funds?
Traditional approach (bad): Service holds your private key
Account Abstraction (good): You control keys, smart contract enforces rulesYou never give up custody - you just pre-approve specific actions within strict parameters.
Account Abstraction (good): You control keys, smart contract enforces rulesYou never give up custody - you just pre-approve specific actions within strict parameters.