Blip money: Building Trust-Minimized P2P Payments with Non-Custodial Design

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Peer-to-peer payments are often marketed as simple and fast, but settlement risk remains a major challenge. Many platforms rely on centralized custody or manual intervention to resolve disputes. blip money introduces a different approach by enforcing settlement directly through non-custodial smart contracts.



Blip money is a protocol built on Solana that focuses on removing discretionary control over funds. Rather than trusting intermediaries, users rely on deterministic rules enforced on-chain.

How Non-Custodial Escrow Works

When a transaction is initiated on blip money:

·         Funds are locked into a smart contract escrow

·         No individual or company controls the escrow

·         Release or refund follows predefined conditions

This eliminates the need for custodial accounts or manual approvals.

Merchant Participation and Incentives

Merchants are economically incentivized to perform correctly:

·         A bond must be staked before accepting transactions

·         Transaction limits prevent excessive risk

·         Penalties apply automatically on failure

This ensures that settlement obligations are backed by real capital.

Reputation as a Long-Term Signal

Reputation is maintained transparently:

·         Settlement outcomes update reputation automatically

·         Reliable merchants gain better access over time

·         Poor performance reduces future opportunities

This encourages sustainable participation rather than short-term exploitation.

Competitive Fees Without Central Control

Fees are determined through market competition:

·         Merchants submit bids to fulfill transactions

·         The protocol selects winners based on objective criteria

·         Pricing reflects efficiency rather than fixed schedules

A Protocol-Level Shift

blip money is not a payment service but an infrastructure layer. By combining non-custodial escrow, economic security, and transparent enforcement, it provides a safer foundation for peer-to-peersettlement systems.

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