Core Viewpoint - The payment solutions for Web3 projects are centered around decentralization, trustlessness, and native asset circulation, leveraging blockchain technology for direct value transfer between users while ensuring transaction transparency and security through smart contracts [1]. Comparison Dimensions - Traditional payments rely on centralized institutions (e.g., banks, payment gateways) as intermediaries, requiring user authorization for fund processing, while Web3 payments utilize blockchain consensus mechanisms (e.g., PoW/PoS) for transaction validation without intermediaries [3]. - Traditional payments involve fiat currencies or platform equivalents, whereas Web3 payments utilize cryptocurrencies (e.g., ETH, USDT, native tokens) [3]. - Settlement in traditional payments can take T+1 to T+3 days with potential cross-border fees (1%-3%), while Web3 payments offer real-time settlement post-block confirmation, typically within minutes, with fees determined by the blockchain (e.g., Ethereum gas fees) [3]. - Traditional payment systems require bank card binding and real-name authentication (KYC), resulting in lower privacy, while Web3 allows interaction through wallet addresses without real-name requirements, although some scenarios may still require compliance with KYC [3]. - Traditional payments have fixed payment logic, while Web3 enables programmable payments through smart contracts for conditional payments, profit sharing, and automatic refunds [3]. Payment Mechanisms - Users can pay directly with supported cryptocurrencies (e.g., ETH, BTC, SOL) through blockchain wallets (e.g., MetaMask, Trust Wallet), with transaction records stored on-chain, ensuring complete decentralization [4]. - Stablecoins (e.g., USDT, USDC) pegged to fiat currencies are used as payment mediums, suitable for e-commerce and subscription services where price stability is essential [5]. - Users can directly purchase cryptocurrencies (e.g., USDT, ETH) with fiat currencies (e.g., USD, EUR) through compliant fiat exchange services, addressing the "lack of cryptocurrency" issue for users [6]. - Smart contracts can define payment rules (e.g., "automatic rewards upon task completion," "automatic deductions upon subscription expiration"), enabling automated processes without human intervention [7]. Key Considerations - Web3 payment solutions focus on blockchain-native assets (cryptocurrencies/stablecoins) for direct value transfer from users to projects, with developers needing to select appropriate payment mediums based on project types (e.g., NFT trading, DeFi services, Web3 games) [8]. - User experience (ease of wallet connection), compliance requirements (KYC/AML), and security measures (contract audits) are critical factors for developers [8]. - For scenarios with a high proportion of novice users, integrating fiat on-ramp solutions (e.g., MoonPay) can lower entry barriers, while high-value transactions necessitate enhanced smart contract audits and risk controls [8]. - The ultimate goal is to establish a trustless, efficient, and globally accessible payment ecosystem [8]. Asset Types - Main chain currencies include Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and Polygon (MATIC), used for paying on-chain interaction fees (e.g., gas fees) or as universal transaction mediums [9]. - Stablecoins are cryptocurrencies pegged to fiat currencies (e.g., USDT, USDC, DAI), providing relative price stability (1 USDT ≈ 1 USD) to mitigate price volatility risks in transactions [9]. - Project native tokens are exclusive tokens issued by Web3 projects (e.g., Uniswap's UNI, Axie Infinity's AXS), used for ecosystem incentives (e.g., transaction fee discounts, governance voting) [9]. Payment Integration - Wallet connections can be established using libraries like Web3.js, Ethers.js (Ethereum ecosystem), or Solana Web3.js, allowing user authorization and transaction signing [9]. - Key points include handling gas fees (typically paid by users in the payment currency) and monitoring transaction confirmation status through TxHash [9]. - Decentralized finance (DeFi) platforms can facilitate low-cost, real-time cross-border transfers, replacing traditional SWIFT remittances [9]. Compliance and Security - Anti-money laundering (AML) and KYC regulations may require Web3 projects to verify user identities for large transactions (e.g., over $10,000) or high-risk users [9]. - Tax implications may arise from cryptocurrency transactions, necessitating user self-reporting of capital gains [9]. - Security risks include loss or theft of private keys, vulnerabilities in smart contracts, and potential scams through phishing websites [9].

🚨 @BASE EXPLORING A NATIVE TOKENJesse Pollak says a token could drive decentralization and community alignment. Full story ⬇️https://t.co/wCq1eodiJE ...

Blockchain Base is exploring the idea of issuing a network token to support its vision of building a global on-chain economy.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Saying in a Monday (Sept. 15) blog post t ...

"im convinced that none of the L2s are pro ethereum. if given a chance in future, they will pivot to an L1 and we will see base doing so as well."Unless your structural advantage is derived explicitly from not being an L1 (i.e. having a validator set with consensus).It's counter-intuitive, but the least "aligned" chains (i.e. validiums/optimiums) by current metrics are very likely the most ride-or-die so long as Ethereum maintains its core ideology (decentralization).If Ethereum gives in to performance to t ...

There is no one that hates real products with real PMF and a real shot at growing the crypto-pie than antisocial CT schizophrenics.We're well beyond the age of fairy tales and believing that no-regs/no-rules/full-decentralization is even a remote possibility if we actually want normal people to use this stuff.I once was a decentralization maxi myself. I also saw it as a binary then instead of a sliding scale.I've come to accept that real use cases for crypto are going to fall somewhere along that scale rath ...

The Ethereum Foundation is heavily leaning into AI 🤖Launching a new "dAI" team to focus on developing decentralized AI systems within cryptoInitial focus will be on proposals like ERC-8004 creating a standard for AI agent to transact with each other across EthereumOverall vision is to “make sure the future of AI is not in the hands of a few very powerful corporations.” ...

This was confirmed by both Base official X and Coinbase CEO Brian Armstrong. https://t.co/Q3gfZKAkREBrian Armstrong (@brian_armstrong):We’re exploring a Base network token.It could be a great tool for accelerating decentralization and expanding creator and developer growth in the ecosystem.To be clear, there are no definitive plans. We’re just updating our philosophy. As of now, we’re exploring it. ...

Remember this day: Sept 1, 2025.Starknet became the first ZK rollup in history to decentralize its sequencer.Making decentralization cool again, while greatly improving its UX. https://t.co/X2To7ePgmK ...

SEC：中心化L2视为CEX巨大的利好逼着哪些打着去中心化的名义的做着中心化的事情项目那些傻逼号称去中心化的项目去上市而不发币，那去泥马都中心化 https://t.co/Xp1VNX0ILS ...

The future is decentralized, and #Bitcoin is leading the charge 💎 ...