Streaming Payments: Ethan Beard, SVP Xpring
ADM: Why are streaming payments important for applications?
Beard: The way these payments work today is essentially through a series of debits and credits that are settled between banks and financial institutions, requiring complex legal terms and lengthy PO processes that make it impossible to pay creators and contractors in a timely and consistent manner.
Using the example of streaming payments built directly into media applications, it makes it possible to streamline compensation for creators to be paid for their work in real-time without being subject to ad models or subscription services.
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