Introducing 8Pay’s Governance Framework
At 8Pay, we are busy building an all-in-one payment protocol fit for the times we live in. One that benefits both consumers and merchants by enabling ultra-fast and convenient recurring and on-demand transactions using cryptocurrencies.
Governance being an integral part of any blockchain let alone a decentralized finance platform, we thought it would be a good idea to talk about how our protocol will be run going forward.
The first thing to note is that we are fully committed to decentralization. Eliminating a single point of failure by creating a foolproof open protocol that works for the many, not the few, and that solves the problems of the payment space, has been our goal from day one.