Peer-to-peer payments are increasingly common for cross-border and local transactions, yet the infrastructure supporting them often relies on trust-based enforcement. Centralized custody, manual verification, and discretionary dispute resolution introduce risks that do not scale well. blip money addresses this challenge by enforcing settlement directly on-chain through a non-custodial protocol.
blip money is designed as settlement infrastructure rather than a consumer payment service. It does not hold funds, manage accounts, or intervene manually. Instead, it defines deterministic rules that govern how funds are locked, released, or refunded once a transaction begins.
Settlement is secured using protocol-controlled escrow:
• Funds are deposited into smart contract escrow accounts
• Escrow accounts have no private keys and cannot be accessed externally
• Fund movement follows predefined protocol state transitions
This design removes discretionary control and ensures predictable execution.
Merchants participate as bonded settlement providers:
• A bond must be staked before accepting transactions
• Transaction limits are enforced relative to bond size
• Failure to settle correctly can result in penalties or slashing
Economic guarantees ensure that settlement obligations are backed by real capital.
blip money embeds reputation directly into protocol logic:
• Settlement outcomes update reputation automatically
• Reputation cannot be reset or manipulated
• Reliable merchants gain improved access to future volume
Reputation becomes a measurable economic signal rather than a subjective rating.
Fees are determined through competitive bidding:
• Merchants submit bids to fulfill settlement orders
• Bids are evaluated using price and protocol metrics
• Second-price auction logic encourages honest pricing
This promotes efficiency while preventing monopolistic behavior.
blip money separates protocol enforcement from applications:
• The protocol remains neutral and permissionless
• Frontends handle compliance and user experience
• Core settlement guarantees remain unchanged
By combining non-custodial escrow, economic enforcement, and transparent reputation, blip money provides a durable foundation for scalable P2P settlement systems.