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13 Comments

Reinventing crypto payments

Hi Hackers, I am Daniel, co-founder of Fiolet. Fiolet lets startups to start accepting payments in cryptocurrency. We've talked to both sellers and buyers about their experiences with paying for something in cryptocurrencies. Some buyers lost money during the payment process, while others didn't have control over their funds because they would end up at the address of their "crypto bank". We also tried using these tools ourselves to understand why they were built this way and what we could improve. As a result, we created Fiolet and made several changes to approach these issues in a different way.

For merchants, we have enabled payments to go directly into your self-custody wallet. This allows you to avoid hidden fees and withdraw limits.

For buyers, we have made the payment process as convenient as possible. Simply connect your web3 wallet, select your payment method, and click Pay button. This process eliminates the human factor, making errors impossible.

Under the hood, we have our own tricky payment identification system that allows us to avoid using third-party smart contracts (which are constantly being hacked) and temporary wallets (resulting in 2-3x network fees).

If you're interested in giving it a try, head over to https://fiolet.xyz. For any questions, you can message me directly or email us at founders@fiolet.xyz.

Please share your thoughts and suggestions with us so we can improve.

on April 29, 2023
  1. 5

    This is huge! Would you be interested in potentially partnering? Please reach out to me via TG under @lingqingmeng

    1. 3

      Hey, thanks for your interest! Partnership is certainly an amazing idea. I'm one of Fiolet's team developers, and we'll be in touch soon 👌

    2. 2

      Hi, thank you! I have written to you!

  2. 5

    Very interesting solution.
    Definitely interested to hear more about that in the near future.

    How long have you been working on this, and how big is the team behind this?
    What were the main challenges you faced during this period of time?

    All the best

    1. 5

      Hi Tim,

      Thank you for your kind words. I wanted to update you that we were able to swiftly resolve all the technical difficulties. However, we are currently focused on actively communicating with and onboarding new users, which is not as efficient as coding. Nevertheless, we are working hard to improve our approach and make it more efficient.

    2. 4

      Hi, very nice to read your comment! Our project has been in development since December. There are currently 6 people in the team.

  3. 5

    Really cool product, I will maybe try it in future projects. Could you write how your product is different from e.g. Coinbase or BitPay Payments?

    1. 4

      Hi. I am one of the developers of Fiolet. The difference is that we use a translation system different from Coinbase. We transfer funds directly to the wallet, without common bank wallets like Coinbase has. Because of this we allow you to bypass hidden fees

  4. 5

    I am building an online game, and planning to accept crypto payments.
    I am really interested in your service,
    Let's connect and discuss,

    1. 4

      Hi, this is going to be awesome. You can email me at founders@fiolet.xyz or on my telegram t.me/phantoms9 . Or tell me your contacts and I'll text you first

  5. 4

    Interesting! Fiolet seems to be addressing some common issues with crypto payments for both merchants and buyers. It's great to see efforts being made to improve the usability and security of crypto payments. Good luck with your venture!

    1. 4

      Thank you very much!