Webacy implements Loop to accept crypto payments for its wallet protection plans
We are excited to announce the onboarding of Webacy who is now enabling crypto subscription payments for its customers. A leading provider of web3 security products, Webacy helps users navigate the world of web3 safely. The company takes a three-pronged approach to security by building products that enable users to assess, monitor, and act in the face of hacks and other vulnerabilities.
Both Webacy and Loop Crypto share a vision of making the use of non-custodial wallets easier and more secure. This is why Webacy chose to work with Loop Crypto. The Loop protocol makes use of the ERC-20 allowance function, which enables users to always maintain control of their funds and determine how much of a given token a contract can access. Maintaining direct control over funds is a central feature of web3. It alleviates the need to trust companies with payment details like credit cards and bank account numbers, which can be easily compromised.
The combination of Loop Crypto’s smart contract architecture and back-end infrastructure assured Webacy that Loop Crypto was the most secure method to accept payments in crypto. Loop Crypto also offered a range of features that would eliminate any manual work related to collecting crypto payments, as Loop integrated directly into Stripe. This meant that as soon as a crypto payment was processed on chain the transaction hash and accompanying metadata would be immediately pushed to Stripe. Webacy can manage its subscribers from one dashboard in Stripe while offering both fiat and crypto payment options.
In addition to a free tier that provides wallet risk scores and wallet monitoring, Webacy offers a paid subscription that unlocks a range of features related to wallet recovery and backup. With a product rooted in security and trust, Webacy wanted to work with a team grounded in the same values and offer a crypto payments solution that had security built into its core.
Comfortable with the security and automation Loop offered, Webacy ultimately decided it was critical to give their customers options and cater to web3 users who want to pay in crypto.
“We are a crypto company…so we thought you should be able to pay with crypto. We felt that Loop was the best team to deliver this solution and shared our values around security and safety. We love options, so we wanted to enable crypto subscriptions so that users have more options to get the protection they deserve.” Maika Isogawa (CEO & Co-Founder of Webacy)
Loop Crypto makes it simple and secure for businesses and projects to integrate crypto payments seamlessly into their financial and technology stacks. Built by web3 veterans, Loop understands the challenges of crypto payments and enables payment automation. With its crypto autopay and ability to capture payment metadata, Loop eliminates hours of manual reconciliation work and unlocks a delightful payment experience for end users.
Webacy is the ultimate protection layer for your self-custodied assets. Our safety suite helps users Assess risk, Monitor their wallets, and Act in an emergency.