Web3 Subscriptions: A Catalyst for a More Inclusive and User-Centric Financial System

Abstract

This paper explores the burgeoning landscape of Web3 subscriptions, highlighting their potential to revolutionize recurring payments within the decentralized space. It contrasts traditional, centralized subscription models with Web3 alternatives, emphasizing the latter's advantages such as user control, fee reduction, and financial inclusion for the unbanked. The paper then delves into a pioneering project that leverages smart contracts and L2 scaling solutions to offer a user-centric and automated subscription management system. By analyzing this project's features, the paper underscores the transformative potential of Web3 subscriptions to reshape the future of recurring payments within the digital economy.