On the 29th June the Hydro team will be launching the first public release of Hydro Pay in the Google Play Store, with the iOS version to follow soon after. This means that for the first time users will be able to make fast, gasless, transactions via a mobile app on the ethereum network.
What is Hydro Pay?
Hydro Pay is designed to be an intuitive, simple to use, mobile app, built for day to day P2P payments. In doing away with gas fees the app allows both crypto and non-crypto users alike, to quickly set-up and make small, everyday, payments to their contacts. Our early testers included users across all demographics, from old to young, crypto fanatics to technophobes, and has gained constant praise for its simplicity and ease of use.
The first release will be Hydro only with the live dollar value shown in app, so you always know that what you are sending. Later releases will add additional ERC20 tokens and FIAT onboarding.
How does it work?
The Hydro Pay app is based on the idea of metatransactions, allowing users to send payments without paying gas; however without the Hydro Snowflake identity framework and ERC1484 these the building of these permissionless, peer-to-peer payments wouldn’t be so simple yet powerful.
What is Hydro?
Hydro is a layer two solution built as a series of open-source smart contracts, covering authentication, identity, payments, documentation, and tokenisation. The HYDRO token is required to call functions on these Smart Contract and build products, and as such has multiple uses within the Hydro ecosystem.
As well as Pay the Hydro team will be shortly releasing Hydro X, a global, low fee, remittance app/dApp, and Vault, a wallet with 2FA integrated directly into the smart contract.
Keep up to date with the latest news via our social media accounts: