Speed

Brief Overview of Speed

Speed is a unified payment processor that enables businesses and individuals, including content creators, to accept Bitcoin and stablecoin payments. It supports transactions via the Lightning Network, ERC20, and TRC20, aiming to provide fast, low-fee transactions for both online and in-person scenarios. The primary problem Speed solves for creators is simplifying the process of receiving global payments and tips in cryptocurrency. Speed offers no-code solutions like payment links and QR codes, alongside developer APIs for more custom integrations. It supports a variety of payment types including online checkouts, invoicing, subscriptions, and instant payouts. A notable differentiator is its initial 0% transaction fee for volumes up to 0.5 BTC and its focus on both Bitcoin and stablecoins like USDT.

Key Features for Content Creators

• Payment Addresses: Creators can establish unique, reusable crypto addresses. This simplifies receiving direct payments or tips from their audience, fostering creator-to-fan engagement.
• Payment Links: Generate shareable links to accept Bitcoin and USDT payments. This is useful for creators selling digital products, offering exclusive content, or collecting cross-border donations and crowdfunding.
• OneQR: A static QR code solution that allows fans to easily scan and pay. Creators can display this during streams, on their profiles, or at events for effortless tipping.
• Invoicing: For creators offering services, commissioned work, or selling higher-value items, the platform provides ready-to-use invoices that can be customized, eliminating the need for separate invoicing software.
• Instant Payouts: Creators can access their received funds quickly. Payouts can be processed almost instantly, typically within 10 minutes to 1 hour, offering flexibility in managing earnings.
• Global Payments: The platform supports payments from over 21 countries and in 100+ languages, enabling creators to monetize a worldwide audience without traditional banking hurdles.
• Lightning Network Support: For Bitcoin transactions, the Lightning Network option ensures faster payments and lower fees, which is particularly beneficial for micro-transactions like tips.
• Multi-Asset Support: Accepts both Bitcoin and stablecoins (like USDT on ERC20/TRC20), giving creators and their supporters flexibility in how they transact.

Target Users & Use Cases

• Primary creator types: The "Creator economy" solution specifically mentions unlocking tipping and enhancing creator-to-fan engagement. This suggests the platform is well-suited for streamers, YouTubers, artists, writers, podcasters, and other online personalities who receive direct support from their audience.
• Experience level: The platform offers no-code tools like Payment Links and OneQR, making it accessible for creators who are beginners with crypto payments. For those with technical skills or platforms supporting creators, developer APIs are available for custom integrations.
• Team size: Primarily geared towards solo creators managing their own monetization.
• Specific use cases:
  • Receiving cryptocurrency tips and donations during live streams or on content platforms.
  • Selling digital goods, merchandise, or exclusive content access using Payment Links or hosted Checkout.
  • Crowdfunding projects by sharing payment links.
  • Facilitating creator-to-fan micro-transactions with low fees via the Lightning Network.
• Content types: While this tool doesn't create content, it's a monetization tool for creators across various platforms including video, streaming, blogging, social media, and digital art, enabling them to accept Bitcoin and USDT payments.

Speed Pricing & Value for Creators

Speed offers a straightforward pricing structure that can be particularly appealing for creators starting with crypto monetization.

• Transaction Fees: There is a 0% transaction fee on a total received volume of up to 0.5 BTC.
• Once the 0.5 BTC threshold is passed, a 1% transaction fee applies to subsequent transactions.
• No Setup Cost: Creators can start using the service without any initial setup fees.
• Free Start: A "Get started free" option is available, allowing creators to sign up and explore the platform.
• Custom Plans: For creators or businesses with high transaction volumes (10 BTC or more monthly), custom plans can be discussed.
• Wallet Fees: The Speed Bitcoin Lightning Wallet itself does not charge transaction fees for sending or receiving, but standard network fees (miner fees) apply for on-chain transactions.

The value for creators lies in the ability to easily tap into cryptocurrency payments with an initial fee-free period, global reach, and tools designed for direct audience monetization like tipping.

Bottom Line: Should Content Creators Choose Speed?

Content creators, especially those looking to accept Bitcoin and stablecoin payments from a global audience or explore cryptocurrency tipping, should consider Speed. The platform is particularly attractive for individual creators due to its user-friendly no-code tools like Payment Links and OneQR, which simplify receiving donations and payments for digital goods.

The primary competitive advantages of this Bitcoin payment processor for creators include its initial 0% transaction fee (up to 0.5 BTC), support for both Bitcoin (on-chain and Lightning Network) and stablecoins (USDT via ERC20/TRC20), and its focus on fast, low-fee global transactions. The ability to offer instant payouts also adds to its appeal.

For creators seeking a simple way to integrate crypto payments for tipping, selling merchandise, or funding projects, Speed offers a compelling value proposition. It's a solid content creation monetization tool for those wanting to embrace digital currencies.