Butterfly: The Revolutionary Self-Custodial P2P Payment Platform for Everyone

The Launch of Butterfly: A Game Changer in Digital Payments

The VerifiedX Foundation has recently unveiled a groundbreaking platform named Butterfly, which is the first of its kind—a self-custodial social peer-to-peer (P2P) payment and commerce platform designed for everyday users. This innovative service allows individuals to send and receive transactions using multiple cryptocurrencies, including VFX (the native coin of VerifiedX), Bitcoin, USDT, and USDC, via text messages, emails, or social media. Accessible at BeFree.io, Butterfly ensures a borderless and permissionless payment experience, free from centralized control.

True P2P Payments Made Easy

With Butterfly, users simplify their financial transactions. The platform enables users to send and receive funds from any existing wallet and utilize integrated providers like Crypto.com, MoonPay, Banxa, or Stripe with their credit or debit cards. Each transaction is settled instantly regardless of the amount transferred—be it $1 or $1,000,000, with a minimal transaction fee of just $0.01. Additionally, every transaction includes a feature that helps fuel the deflationary model of the VerifiedX network by burning VFX tokens.

Maintaining Control with Self-Custody

Butterfly redefines the way users manage their funds. Unlike traditional wallets requiring complex management, users can easily retain complete ownership of their assets and data using a straightforward username and password for access. All payments remain fully native and on-chain, providing peace of mind regarding the security of every transaction. Funds can be off-ramped to bank accounts or stored in the Butterfly account for future transactions, including merchant payments or transfers to other users.

Social, Secure, and Fully Transparent

Achieving a balance between social interaction and financial transactions, Butterfly allows users to send payments alongside emojis and messages through familiar channels like social media handles, emails, or text messages. Each payment is processed on-chain and remains self-custodial, promoting full transparency. The platform even facilitates the cancellation of mistaken transactions or unclaimed funds with a simple click, furthering its user-friendly approach to crypto payments.

Future Innovations on the Horizon

The initial release of Butterfly sets the stage for an exciting evolution of the platform. In the weeks ahead, users can expect new features, including borrowing and lending opportunities with Bitcoin and Stablecoins, alongside media tokens and social reward mechanisms integrated into the Butterfly ecosystem. This evolution aims to solidify Butterfly’s position as a pioneering platform in the realm of decentralized payments.

A Paradigm Shift in Digital Commerce

Butterfly aims to combine the usability of platforms like Venmo with the sovereignty inherent in blockchain technology. It eliminates intermediaries and bureaucratic processes, allowing users to transact seamlessly, securely, and freely. The accompanying zero restrictions and the instant nature of transactions signify a transformational shift in digital value management.

Learn More about Butterfly

The journey that Butterfly starts is aimed at making self-custody and cryptocurrency payments intuitive and accessible for everyone. As it stands, Butterfly not only marks the dawn of self-custodial social P2P payment platforms but also redefines how digital commerce evolves. For those curious about this platform or wanting to dive deeper into its capabilities, further information is available at BeFree.io.

About the VerifiedX Foundation

The VerifiedX Foundation champions the advancement of decentralized, secure, and robust blockchain infrastructure for users worldwide. The primary protocol, VerifiedX Network, fosters next-gen peer-to-peer applications focused on user ownership and transparency.

The Essence of VerifiedX

VFX, or VerifiedX, is designed as the people's network, acting as a universal Layer 1 blockchain and Bitcoin sidechain built for trust and user empowerment. With its zero-inflation principle and asset-back features, VFX aims to provide users with the tools they need for seamless financial operations in the ever-evolving crypto landscape.