Blip Money: Non-Custodial Infrastructure for Reliable Peer-to-Peer Settlement
Wiki Article
Peer-to-peer payment systems are widely used for cross-border and local transactions, yet settlement reliability remains aper concern. Many platforms depend on centralized custody or discretionary dispute resolution, introducing counterparty risk and operational overhead. blip money is designed to address these issues by enforcing settlement directly on-chain through a
non-custodial protocol.
Blip Money operates as settlement infrastructure rather than a consumer-facing payment service. It does not hold user funds, manage balances, or intervene manually in transactions. Instead, it defines deterministic rules that govern how funds are locked, released, or refunded once a transaction begins.
Non-Custodial Escrow Design
Settlement is secured through protocol-controlled escrow:
• User funds are deposited into smart contract escrow accounts
• Escrow accounts have no private keys and cannot be accessed externally
• Funds move only through predefined protocol state transitions
This design removes discretionary control and ensures transparent execution.
Merchant Accountability Model
Merchants participate as bonded settlement providers:
• A bond must be staked before accepting transactions
• Transaction size is capped relative to bond value
• Failure to settle correctly can result in penalties or slashing
Economic enforcement ensures that settlement obligations are backed by real capital.
On-Chain Reputation Enforcement
blip money embeds reputation directly into protocol logic:
• Settlement outcomes update reputation automatically
• Reputation cannot be reset or manipulated
• Reliable merchants gain improved access to future volume
Reputation becomes a measurable economic signal rather than a subjective rating.
Competitive Fee Discovery
Fees are determined through market competition:
• Merchants submit bids to fulfill settlement orders
• Bids are evaluated using price and protocol metrics
• Second-price auction logic encourages honest pricing
This ensures efficient pricing without centralized control.
Infrastructure-Level Neutrality
remains neutral and permissionless:
• No compliance or identity logic exists at the protocol layer
• Frontends handle UX and jurisdictional requirements
• Core settlement guarantees remain consistent
By combining non-custodial escrow, and transparent reputation, blip money provides a reliable
foundation for scalable P2P settlement systems.