Micropayment platform, Dropp, has received a grant from The HBAR Foundation to establish itself as the go-to payment platform for cost-efficient small-value transactions, one of the key components of the digital economy.
With 25+ years of experience in financial services, payment, technology, and user experience, the Dropp team has a core understanding of the pain points of merchants and consumers alike; most importantly, how to solve them.
The Dropp platform offers a ‘pay-per-use’ pricing option to merchants, enabling them to unbundle their products and in-turn remove a major deterrent to potential customers who only want to use a specific service.
As the demand for digital content continues to surge, consumers get a fair and convenient method of purchase, and merchants a new avenue of income. Before platforms such as Dropp, this was not possible due to the high fees associated with low-cost payments.
Micropayments are an essential part of the Web 3.0 economy, required across the metaverse, media, publishing, and the creator economy amongst others. This grant will immediately accelerate the adoption of Dropp, growing its customer base and enabling them to meet the demand of consumers globally.
Dropp has decided to build on Hedera as the best-in-class public-DLT for this use case, benefiting from the network's high speed, low fees fixed to USD, and aBFT credentials - the gold standard of security.
Dropp is a micropayment service for small transactions helping consumers to purchase small-value goods and services instantly without sharing personal details. Dropp maintains the privacy of purchases to the user, placing the consumer in complete control of their data. Dropp offers merchants a cost-effective platform to offer a pay-per-use option to their customers. Consumers can download Dropp on Google Play and the Apple Store; it is also available on Google Chrome, Safari, Microsoft Edge and Mozilla Firefox. To learn more about Dropp and its offerings, visit here.
About The HBAR Foundation
Founded in 2021, The HBAR Foundation fuels the development of the Hedera ecosystem by providing grants and other resources to developers, startups, and organizations that seek to launch decentralized applications in DeFi, NFTs, CBDCs, Sustainability, gaming, and other sectors. In addition to providing funding through a streamlined grant process, The HBAR Foundation acts as an integrated force multiplier through expert support across technical, marketing, business development, and other operational functions that are required to scale.