### What is 8Pay?

8Pay is a cryptocurrency payment platform that facilitates subscription-based and on-demand payments using smart contracts. It allows cryptocurrency wallets to operate similarly to regular bank accounts, enabling seamless payments for products and services across multiple blockchain networks including Binance Smart Chain (BSC), Ethereum (ETH), and Polygon.

### How does 8Pay work?

8Pay operates using smart contracts deployed on blockchain networks such as BSC, Ethereum, and Polygon. These smart contracts are coded to execute payments automatically, without the need for manual intervention, ensuring seamless processing of recurring and one-time payments. The platform leverages these networks' Proof of Stake (PoS) consensus for efficient and secure transaction validation. Solidity, a programming language for Ethereum smart contracts, is used to create robust payment scenarios.

### What are the potential use cases for 8Pay?

8Pay's primary use cases include:

- **Recurring Payments**: Automate payments for utilities, subscriptions, and other regular expenses.
- **On-Demand Payments**: Facilitate payments for e-commerce purchases and freelance or professional services.
- **B2B and B2C Transactions**: Simplify business transactions with cryptocurrency payments.
- **Cross-Border Payments**: Enable international payments without relying on traditional banks.

These use cases span industries like e-commerce and financial services, and are supported by partnerships with platforms like Shopify and blockchain networks BSC, Ethereum, and Polygon.

### What is the history of 8Pay?

8Pay was launched in April 2021 with the aim to simplify cryptocurrency payments. Founded by Benedetto Salanitro and Alessandro Bellardita, 8Pay has continued to evolve, with significant milestones including its integration with Shopify. The platform supports BSC, Ethereum, and Polygon to maximize its utility. Throughout its history, 8Pay has experienced price fluctuations, reaching an all-time high in September 2021, and continues to serve a growing user base with its automated payment solutions.

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