DecentraLounge S02-E12: Streamlining Payments with Jasper Fu of Coinsub
In this episode of DecentraLounge, produced by GlobalStake, co-hosts Ryan Haczynski and Jordan Knecht engage in a fascinating conversation with Jasper Fu, Co-Founder and CEO of Coinsub. This episode delves into how Coinsub is revolutionizing payment processes by providing an efficient, secure, and user-friendly platform for both merchants and customers to handle cryptocurrency transactions.
Innovative Payment Processing Solutions
Jasper begins by introducing Coinsub and its core mission. “Coinsub is designed to streamline payment processes, allowing users to quickly create and share payment requests and receive payments directly into their wallets,” he explains. “Our platform ensures that merchant funds are settled directly to the provided wallet address, with settlement times measured in minutes.” Jasper emphasizes how Coinsub makes it easy for merchants and customers to connect their wallets and approve payments seamlessly.
Direct Settlements and Automated Rebilling
The conversation then shifts to the unique features of Coinsub, such as direct settlements and automated rebilling. “Funds are automatically withdrawn from the customer wallet and processed to the merchant,” Jasper states. “The customer does not need to take any action unless there are insufficient funds, in which case we offer options for automated rebilling or ending the subscription.” This automation reduces friction in the payment process, ensuring that merchants receive their funds promptly and efficiently.
User-Friendly Experience
Jasper highlights the user-friendly nature of Coinsub, noting that the platform is both mobile and desktop browser-friendly. “Customers can connect their payment wallet, check their payment history, and manage ongoing payments easily through our platform,” he notes. “We designed Coinsub to be integrated alongside common payment gateways, making it simple for merchants to offer cryptocurrency as an additional payment method.”
Expanding Token Support
Jasper also discusses Coinsub’s support for stablecoins on EVM-compatible chains and plans to expand support to other tokens and Solana. “We currently support stablecoins on EVM-compatible chains, but we’re excited to expand to other tokens and Solana soon,” he mentions. This expansion aims to provide more flexibility and options for users, enhancing the overall payment experience.
Non-Custodial and Trustless Protocol
A key aspect of Coinsub is its non-custodial and trustless protocol. “Coinsub is architected in a maximally trustless manner, ensuring that we have no access to the funds of merchants or customers,” Jasper explains. “Merchants are restricted to billing only as much as is approved by the customer, providing a secure and transparent payment process.” This approach enhances security and builds trust among users, making Coinsub a reliable platform for cryptocurrency transactions.
Future of Payment Processing
Looking ahead, Jasper shares his vision for the future of payment processing with Coinsub. “Our goal is to continue innovating and expanding our platform to meet the evolving needs of the market,” he asserts. “We believe that offering cryptocurrency payment options will become increasingly important, and we’re committed to providing the best possible solutions for our users.” Jasper envisions a future where Coinsub plays a pivotal role in facilitating seamless and secure cryptocurrency transactions for businesses and individuals alike.
Conclusion
This episode of DecentraLounge with Jasper Fu provides a comprehensive exploration of how Coinsub is transforming the payment processing landscape with its innovative solutions. The insights shared by Jasper, coupled with the thoughtful questions from Ryan and Jordan, offer a valuable perspective on the benefits and future potential of cryptocurrency payments. As the digital economy continues to grow, the discussions in this episode highlight the importance of efficient, secure, and user-friendly payment solutions in driving adoption and enhancing user experiences.
To catch the full episode and explore these discussions in detail, visit the DecentraLounge podcast on YouTube. Stay tuned for more episodes where Ryan and Jordan continue to highlight the innovators in the web3 ecosystem. Listen to it on ‘Apple Podcast’ here.