Those boasting zero Gas chains have all died: What makes the fixed-rate PayFi infrastructure allow traditional old money to bow down

A few days ago, I interacted on a so-called ultra-low fee Layer 2 network, only to encounter a chain-based抢跑狗 event, causing the transaction fees to soar by more than ten times. This once again convinced me that as long as network costs are unpredictable, traditional commercial assets can never truly go on-chain at scale. For large enterprises like Starbucks or Walmart, they are not afraid of transaction fees; what they fear is that the friction costs on their financial statements are impossible to estimate. I revisited the L1 network that is promoting payment finance and the on-chain of real assets, only to find out how ruthless it is that they have fixed the interaction fee at $0.005. This is equivalent to directly changing on-chain operations from a bidding model to a SaaS pricing model, which well reflects the true demands of enterprise-level clients. Comparing it to Avalanche's subnet solution, although it can also do enterprise-level customization, the initial deployment and maintenance costs remain absurdly high. This project directly brought in former Worldpay executives to handle the payment architecture, essentially aiming to create a UnionPay channel in Web3. I tried simulating thousands of micropayments using their test network interface, and the block confirmation speed combined with fixed fiat-based deductions indeed felt infinitely close to the smooth experience we have with WeChat Pay. However, the problem is that they are currently overprotecting front-end users; the UI logic of that smart wallet is overly simplified, and players like me, who are used to manually adjusting authorization parameters, feel a bit constrained. The market has not yet priced this heavy B-end logic; people prefer the kind that can experience a surge in one go. This project, which is doing the hard work of laying out commercial fiat channels, is bound to go through a long bottoming period, but once a major traditional payment institution announces integration, the current valuation model will have to be completely overturned and recalculated.

@Vanarchain #vanar $VANRY