• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Introduction of In-App Payments Feature by Farcaster Decentralized Protocol

user avatar

by Giorgi Kostiuk

a year ago


Farcaster, a decentralized protocol, has recently unveiled a new in-app payments feature for its Warpcast client. This feature streamlines payments through a seamless 1-tap process using the USDC stablecoin, simplifying crypto transactions by referencing alphanumeric wallet addresses. Instead of traditional complex addresses, the system employs user-friendly Farcaster identities or ENS spellings to facilitate easy searches and memorization of addresses. Co-founder Dan Romero highlighted the aim of enabling effortless crypto payments via mobile applications. The protocol leverages USDC on the Base Ethereum scaling layer developed by Coinbase to minimize fees and enhance transaction speeds. Additionally, Farcaster's open protocol welcomes other ecosystem applications to integrate various currencies and blockchain networks.

Romero's strategic vision for Farcaster focuses on ensuring the success of the Warpcast client by embracing the protocol's features. Breck Stodghill from Aun Ventures commended the client's feature development efforts, positioning it as a viable alternative to conventional social media platforms such as Twitter.

In a significant milestone, Farcaster concluded a fundraising round of $150 million in May, with Paradigm leading the investment. Notable participants included a16z, Haun Ventures, USV, Variant, and Standard Crypto, signaling a collective drive to revolutionize social media and crypto transactions.

The streamlined USDC 1-tap payment process by Farcaster harnesses blockchain technology to enhance the simplicity and user-friendliness of crypto transactions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

OT MANAGEMENT Introduces a Retail Investor-Centric Model

chest

OT MANAGEMENT, LLC develops a strategy focused on retail investors under the leadership of Daniel John Impens.

user avatarGiorgi Kostiuk

Pi Network: Prospects Amid Overall Cryptocurrency Market Growth

chest

Despite the overall recovery of the cryptocurrency market, Pi Network continues to face challenges. An overview of the technical situation and possible scenarios.

user avatarGiorgi Kostiuk

Bit Digital: A Complete Shift from Bitcoin to Ethereum

chest

Bit Digital has sold all its Bitcoin and invested $200 million into Ethereum.

user avatarGiorgi Kostiuk

DDC Enterprise at the Forefront of the Bitcoin Revolution with New Strategy

chest

DDC Enterprise has increased its investment in Bitcoin to 368 BTC, aiming to reach 5,000 BTC in the future.

user avatarGiorgi Kostiuk

Launch of EVM-Compatible Sidechain on XRPL: Latest Achievements and Perspectives

chest

XRP Ledger has introduced its EVM-compatible sidechain, activating 1,400 smart contracts in the first week. Exploring the key highlights.

user avatarGiorgi Kostiuk

Day Trading: How Structure and Discipline Can Transform Traders’ Approach

chest

Daniel John Impens shares his philosophy on day trading and the importance of a systematic approach for successful trading.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.