8pay is a payment protocol built on the Binance Smart Chain. It is designed to enable genuine cryptocurrency-based recurring payments without introducing additional friction. The permissionless design, powered by automated smart contracts, gives crypto assets added functionality.

Cryptocurrency transactions are recorded on a public ledger, providing instant auditability and avoiding the possibility of disputes between buyers and sellers. Therefore, there is no need for a third party to arbitrate on whether a crypto payment has been sent and received – the blockchain reveals everything. Additionally, crypto transactions offer instant settlement compared to wire transfers and do not require clearing houses, further reducing friction.

The 8pay protocol facilitates single, recurring, and on-demand payments, making cryptocurrencies suitable for everyday use.

To ensure simple, quick, and user-friendly interactions, the complexity brought by the blockchain is abstracted into simplified APIs, libraries, and graphical user interfaces.