Blip money and the Evolution of Non-Custodial P2P Settlement

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As global digital payments grow, settlement enforcement remains a critical weakness in many peer-to-peer systems. Centralized escrow, subjective dispute handling, and off-chain trust introduce risks that limit scalability. blip money offers a protocol-based alternative by enforcing settlement directly on-chain without custody.

blip money is built on Solana and operates as settlement infrastructure rather than a financial service. Its role is to ensure that once a transaction begins, settlement outcomes are governed by deterministic smart contract logic.

Settlement Without Custody

The protocol enforces settlement using non-custodial escrow:

•  Funds are locked into protocol-controlled smart contracts

•  No centralized entity controls escrowed funds

•  Release or refund follows predefined protocol conditions

This removes discretionary control and reduces counterparty risk.

Merchant Participation Model

Merchants act as bonded settlement providers:

•   A bond must be staked before processing transactions

•  Transaction exposure is limited by bond size

•  Protocol penalties apply automatically on failure

This replaces trust-based enforcement with economic guarantees.

Transparent Reputation System

Reputation is embedded directly on-chain:

• Settlement history is immutable

• Reputation updates automatically after each transaction

•  Long-term reliability improves access to future volume

Reputation becomes a transparent signal of performance.

Market-Based Pricing

Fees are not fixed by the protocol:

• Merchants submit bids for settlement orders

• Pricing reflects real market efficiency

• Second-price logic discourages manipulation

Protocol Neutrality

blip money separates enforcement from applications:

•  The protocol remains neutral and permissionless

•  Frontends manage compliance and UX

•  Settlement guarantees remain unchanged across integrations

By combining non-custodial escrow, economic incentives, and transparent enforcement, blip money establishes a scalable foundation for modern P2P settlement.

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