Thing of a better way to make payment. There are some interesting tech that already exist as design(meaning Direct Debit Payment) and build on top of that concept but adapted to the blockchain tech.
What itās does?
A trust enviroment in a trustless world.
The main goal is to pay the people that offered you some services in an automatic way.
For that a provider/direct debit account is created and is top up with a certain amount(This would be in CeFi a client with a bank account).
Now we have a global budget.
The next step is to set some vendors/suppliers/members of DAO in a whitelist(This would be the old supplier ex: electricity company, phone company, etc).
Now every vendor can emit an āinvoiceā which would be paid automatic.
It relies heavily on trust. As magnifican as is a trustless way of payments itās important to remember that we are humans and we rely on trust.
TEST UI INSTRUCTION:
Step 1: GO to WEBSITE
Step 2: Go to add new Direct Debit(New Debit)
Step 3: Add a new Debit Sign the transaction using TronLink
Step 4: āAdd to UIā button and sign
Step 5: The vendor emits an invoice
Step 6: The vendor receives the payment now or later depends on your choise.
I am not exactly sure how tron pay works but from a brief search no. If you are not familiar with direct debit think of a team of developers that want to be paid you are making an budget and allocate each developer an amount(addVendor with max limit). Now each developer can emit an invoice to that budget. The developer will be paid. You can use it to budget a DAO and allow members to emit invoices at there own will. Thatās about it.
Great, there is nothing like tron pay. Was just using it as example. We have Binance pay but from your explanation, they are not the same. Thanks for your explanation Sir
Binance Pay is a centralize solution there is a huge difference between a dApp and a centralized server. As in many other cases of exchanges you donāt even have the token you have just a promise of tokens. The solution in this case is totally open source a user can deploy a smart contract in seconds from UI and you have certainty over your funds. Protect yourself from others that are trying to take your make through ponzi schems of some ERC20 contract that have no use and can be printed with a click of the button.
So if i am getting you right, a vendor let say an electricity company will emit an invoice and because u have money in your accounts the invoice will be paid automatically without you worrying to go and make that payment yourself.
Thats wonderful, if that is the case then it begs the question, what if the invoice generated is higher than the amount to be paid, how do u go about it.
ES: Gracias por su aporte, de hecho, hace lo que dice, visite el sitio web y cree su propio presupuesto y pague a quien quiera. Como esto se traduce usando la versiĆ³n EN de Google Check.
EN: Thanks for your input indeed it does what it says check out the website and create your own budget and pay whoever you want. As this is translate using google check EN version.
. It means a lot.
Btw thanks for explanations