The startup operates a global payments platform utilizing open-source blockchain technology, enabling users to spend online or transfer money to friends. This platform empowers creators to monetize their digital content effectively, addressing the need for secure and efficient online transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Existing payment platforms often struggle to support microtransactions, making it difficult for online creators to monetize their digital content effectively. High transaction fees and complex sign-up processes create barriers, preventing many creators from earning even small amounts for their work.
Solution
Code provides a global payments platform that leverages open-source blockchain technology to enable microtransactions and direct payments to online creators. The Code Wallet allows users to send and receive payments as small as a few cents, facilitating the monetization of individual articles, workouts, AI-generated images, and other digital content. Users can sign up quickly using only a phone number, and the self-custodial wallet ensures that only the user controls their assets. By utilizing blockchain, Code aims to provide a seamless payment experience that unlocks the earning potential of online creators.
Target Audience
The primary target audience includes online content creators, such as writers, fitness instructors, and digital artists, who seek to monetize their work through microtransactions, as well as users who want to make small payments for online content.
Features
- Self-custodial crypto wallet with encrypted private key stored on the user's device
- Support for microtransactions, enabling payments as low as $0.05
- Fast sign-up process requiring only a phone number
- Integration with the Kin cryptocurrency
- Programmatic creation of time-locked accounts for enhanced privacy
- Automatic rearrangement of funds within time-locked accounts
- Burning of dust amounts in temporary transfer accounts
- Open-source tool for submitting unlock instructions to the Timelock smart contract