BitDiem

Payment and savings solutions need an upgrade
Unreliable Payments
Today's recurring payment solutions are problematic. Reliable systems for scheduled, guaranteed payments are needed more than ever. An ideal solution does not rely on the intervention of a third party, which often adds friction, time and cost.

Poor Transfer of Value
Traditional fiat currencies don’t serve as an effective long-term savings solution, as they’re not diversified and much more vulnerable to macroeconomic issues. This puts a burden of time-sensitivity on the recipient, who must convert them into a better store of value.

The BitDiem Solution
We are developing a smart contract protocol framework to effectively remove counterparty risk for recurring and conditional payments. Through these protocols, users will have the ability to control payment schedules, reliability, and frequency like never before.

Within this framework, we’ve included a protocol for creating customizable token baskets. This can be leveraged to diversify the payment format. This enables users to build an inflation-resistant basket of goods, minimizing volatility and serving as a lasting store of value. Essentially, the basket can serve as the token equivalent of a mutual fund or 401k.