Payments could soon be streamed in real time instead of being disbursed monthly or weekly, according to Maxime DesalleOperational Leader saberin a recent conversation on EthCC.
Desalle discussed the concept of “token streaming” from the perspective of Sablier, a company that strives for more time-efficient and instant access to funds.
As Desalle explained, token streaming involves sending small payments continuously, such as streaming a movie or song. Instead of receiving a monthly salary, someone could be paid every second through Sablier’s platform. This reduces delays and latency in the economy, says Desalle.
Desalle said,
“There is a lot of latency in our economy… Entities that spend in our economy are always waiting for their income before they can start spending it. If there were flows for their income, they could spend it in real time.
He suggests Sablier’s streaming, along with competitors like Super fluid And LamaPay, could solve freelancer problems by matching incentives between clients and freelancers using “trustworthy payment mechanisms.” Currently, the ecosystem remains small, with plenty of room for growth, according to Sablier.
According to Desalle, token streaming has potential use cases such as payroll, investing and airdrops. He highlighted the new version of Sablier, which enables custom streaming curves beyond linear streaming and enables exponential streams or traditional acquisition schemes without manual configuration of smart contracts. By depicting streams as NFTs, Desalle suggested uses such as borrowing against future earnings or selling the stream for instant access.
He envisioned a future of fully liquid economies, with balances changing every second from different flows facilitated by platforms like Sablier. Rent, subscriptions and more can become real-time streaming payments between nodes.
While an intriguing concept, the adoption of token streaming is likely to run into hurdles such as volatility, taxation, and integration with legacy systems. However, the potential benefit of instant liquidity for employees currently living “paycheck to paycheck” is clear. In addition, workers could have their money work for them in real time by allowing wages to be sent directly to the piggy bank even before the end of their shift.
Decentralized finance is once again showing that it is disrupting traditional methodologies and systems with new and innovative approaches that challenge the status quo by bringing innovation and striving for a fairer, more just world.
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