S2:E4 Enabling Autopay in Web3 with Eleni Steinman from Loop
Eleni Steinman is the Co-Founder of Loop, a tool enabling autopay in crypto. In this episode we dive into how Loop came to be, how Loop works, and what to expect from Loop in the future.
Loop was designed with all users in mind - not only does it have the ability to integrate with complex crypto protocols but it's also simple and easy enough for crypto novices to understand. With its B2B2C business model, Loop is a flexible tool that allows for not only crypto subscriptions but fiat subscriptions as well, and even integrates seamlessly with Stripe.
We discuss how Loop works on the backend, giving listeners some insight into the mechanics of how it uses smart contracts to allow recurring payments while still giving the user full control and ownership over their assets. Users are provided with a convenient dashboard-like interface to clearly see what they are subscribing to and make changes to those subscriptions with just a few clicks. They even have the ability to cut off recurring payments and revoke companies’ access to their funds.
Eleni shares some of the possibilities being explored in the crypto payment arenas and she shouts out some cool projects working on a “buy now pay later” function. We also discuss crypto donations and how a recurring payment option for donations would enhance contributions to charity. We close out our conversation touching on the issue of privacy for on-chain transactions and Eleni shares what she’s most excited about at Loop in the coming months.