How a small button can turn the designer economy from a buzzword into a real business model
The opinions expressed by entrepreneurs contributors are their own.
Jeff Paik, co-founder and CEO of PIP, a creator economy monetization solution, sat down with Jessica Abo to discuss his business and offer predictions for Web3.
Jessica Abo: Jeff, tell us a bit about your business.
Jeff Paik:
PIP, getpip.com, is a web3 payment company focused on retail users offering a seamless payment experience on the web. We have several product lines related to Web3 payments using cryptocurrency. The first is the PIP extension, which is a browser extension that allows you to make payment on social networks, such as Twitter, Twitch, Reddit, and Discord.
The second product is the PIP button, which is a simple snippet of JavaScript code that allows you to embed any payment button on any website you control. If you would like to receive a donation, or if you would like to receive any type of payment on your blog or website, you can.
The third payment option is PIP ME, which is a simple URL for you to receive payments. You get your own website, which we provide, which functions as a payment gateway for whatever purpose you have.
How do you think your platform helps content creators?
Paik:
Content creators use multiple platforms; sometimes they use YouTube, sometimes TikTok, Instagram, Facebook, etc. But each platform is compartmentalized in its payment solution. And these platforms charge up to 40% fees when a payment is made. The beauty of cryptocurrencies is that they are neutral in nature. PIP allows anyone to send money to anyone on any platform without going through a siled payment process.
And why crypto payments instead of regular money?
Paik:
It is impossible to build a PIP with a traditional monetary system because, in a traditional system, money and information are separated. Just because one has experience in sending money like information, money moves differently. Moreover, it is really difficult to build a global cash micropayment system. But crypto allows for a seamless payment experience because it is neutral and no one controls it. And so, it moves like information.
Where do you see the Web3 header?
Paik:
The most common use case is trading. And I think what's happening right now is that stablecoins are starting to become a means of payment. They successfully initiate it themselves as a trading pair against another cryptocurrency as a non-volatile asset. But they extend beyond that, as market caps increase by nearly $100 billion, and that goes well beyond several hundred billion dollars, which is enough for a global payment asset.
This will become a payment method. We believe that Web3 will evolve, not only as a business element, but to become a payment platform that could thrive in a larger market, where anyone can sell their content, motivate others or give donations or tips. And do it freely, in a web-neutral way.
The opinions expressed by entrepreneurs contributors are their own.
Jeff Paik, co-founder and CEO of PIP, a creator economy monetization solution, sat down with Jessica Abo to discuss his business and offer predictions for Web3.
Jessica Abo: Jeff, tell us a bit about your business.
Jeff Paik:
PIP, getpip.com, is a web3 payment company focused on retail users offering a seamless payment experience on the web. We have several product lines related to Web3 payments using cryptocurrency. The first is the PIP extension, which is a browser extension that allows you to make payment on social networks, such as Twitter, Twitch, Reddit, and Discord.
The second product is the PIP button, which is a simple snippet of JavaScript code that allows you to embed any payment button on any website you control. If you would like to receive a donation, or if you would like to receive any type of payment on your blog or website, you can.
The third payment option is PIP ME, which is a simple URL for you to receive payments. You get your own website, which we provide, which functions as a payment gateway for whatever purpose you have.
How do you think your platform helps content creators?
Paik:
Content creators use multiple platforms; sometimes they use YouTube, sometimes TikTok, Instagram, Facebook, etc. But each platform is compartmentalized in its payment solution. And these platforms charge up to 40% fees when a payment is made. The beauty of cryptocurrencies is that they are neutral in nature. PIP allows anyone to send money to anyone on any platform without going through a siled payment process.
And why crypto payments instead of regular money?
Paik:
It is impossible to build a PIP with a traditional monetary system because, in a traditional system, money and information are separated. Just because one has experience in sending money like information, money moves differently. Moreover, it is really difficult to build a global cash micropayment system. But crypto allows for a seamless payment experience because it is neutral and no one controls it. And so, it moves like information.
Where do you see the Web3 header?
Paik:
The most common use case is trading. And I think what's happening right now is that stablecoins are starting to become a means of payment. They successfully initiate it themselves as a trading pair against another cryptocurrency as a non-volatile asset. But they extend beyond that, as market caps increase by nearly $100 billion, and that goes well beyond several hundred billion dollars, which is enough for a global payment asset.
This will become a payment method. We believe that Web3 will evolve, not only as a business element, but to become a payment platform that could thrive in a larger market, where anyone can sell their content, motivate others or give donations or tips. And do it freely, in a web-neutral way.
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