The crypto payment startup Eco, which was previously funded by a16z, has launched a non-custodial payment system called Beam

2023-07-27 21:19:35

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ChainCatcher news, according to TechCrunch, the crypto payment startup Eco, which has received investment from a16z, has launched a non-custodial payment system called Beam.

It is reported that Beam is built on the Optimism and Base networks and is based on smart contracts, dividing its access keys into three pathways: the user's Twitter account, a password set by the user, and the user's browser. Any two of these pathways can be used to reconstruct the original key. Additionally, Beam supports ENS domains and allows users to pay transfer fees in USDC when transferring USDC.

As of now, Eco has raised a total of $95 million, with investors including a16z, Coinbase Ventures, Founders Fund, Lightspeed Venture Partners, and Pantera Capital.

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