Decentralized Subscriptions Revolution The verified bot @dona | The Open Network

Decentralized Subscriptions Revolution

The verified bot @donate has integrated TON. From now on, everyone can make donations to authors in Toncoin and use it to pay for joining private Telegram channels.

Recurring payments for subscriptions are charged to your Tonkeeper wallet, which is just as simple as using Apple Pay or a credit card.

What’s under the hood of a convenient interface, though, is a decentralized system where readers pay authors directly with no one in the middle, with the smart contracts ensuring that the agreed upon amount is charged once in a given period.

The user can see all of their active subscriptions in Tonkeeper and may cancel them at any time.

Other projects’ attempts at introducing a similar solution have failed due to high network fees and the low speed of the previous-generation blockchains. Another reason might be a lack of creators and their content.

Thanks to its cheap and fast transactions, the TON bloсkchain has allowed channels’ authors to receive coins for even $1 subscriptions straight into their wallets.

More and more channels are connecting @donate. Who knows, maybe we’re witnessing the beginning of a global era of content makers’ transition to P2P technologies.

Chats, Channels, and More

We believe that in the future, the subscriptions model will be rooted deeply into many aspects of our life.

It’s likely that soon enough, the very idea of ‘making a payment’ will almost disappear, and people will be living their lives while goods and services will be paid for in the background.

We understand that it sounds unusual now because many of us don’t really trust automatic payments. That is why it’s so important to switch to blockchain — it will guarantee that all operations are correct and secure.

The launch of decentralized subscriptions to digital content is a major event by itself, but it’s also yet another step towards even more significant tech breakthroughs.