RATE Group | Liquidity.Network Set to Launch Off-Chain Ethereum Microtransactions
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Liquidity.Network Set to Launch Off-Chain Ethereum Microtransactions

26 Apr Liquidity.Network Set to Launch Off-Chain Ethereum Microtransactions

Posted at 08:18h in Ethereum News by

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Liquidiy.Network last week announced final preparations prior to launching its off-chain payments system, enabling instant low fee payments on the Ethereum network, accompanied by a Venmo style user-friendly mobile payments app.

The company stated that bi-directional transfers have been successfully completed on the Ethereum testnet, and that it expects to facilitate the first real-world ERC20 token transfers within one month.

“Liquidity.Network has no joining fees and is free to use for regular users, with only merchants paying transaction fees,” stated a Liquidity.Network spokesperson. “Similarly to Paypal, Liquidity.Network allows those fees to be paid by the sender or the recipient. One game-changing use case of Liquidity.Network’s payment hubs technology is the lucrative ‘airdrop’ market, which will now have a go-to, low-cost provider to send out millions of tokens whilst allowing recipients to forward their tokens to their friends and family free of charge.”

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