Cointelegraph Markets Pro Starts Accepting Automated Crypto Payments with Yoki Finance

Crypto traders using Cointelegraph Markets Pro now have the opportunity to set up simple subscription payments with cryptocurrency. The AI-powered provider of market alerts by Cointelegraph has started to accept subscription payments via Yoki Finance, a non-custodial payment automation protocol. Customers can connect their wallets, pick a plan, and make monthly or yearly payments while staying in full control over their funds.

In 2023, Juniper Research estimated the market for recurring payments at $13.2 trillion, projected to reach $15.4 trillion by 2027. The majority of subscriptions are paid in fiat currencies, incurring high costs for businesses. The convenience for users is also under question, as some of the subscriptions are difficult to cancel, or cannot be canceled manually.

Web3 offers users control over payments through self-custody. However, setting up recurring payments in cryptocurrency used to be a challenge. Before account abstraction was introduced, the need to pay gas fees and manually approve every transaction limited the blockchain’s functionality.

Now automated Web3-based payments combine the perks of the subscription model with the capabilities of blockchain, to benefit both users and businesses.

Markets Pro is a platform developed by a Web3 media outlet Cointelegraph to help traders stay aware of the latest cryptomarket trends. It provides users with real-time alerts about price-moving events leveraged by the top institutional investors and gives access to industry-grade indicators powered by AI.

With Yoki Finance, Markets Pro unlocks borderless, hassle-free, and censorship-resistant payments for individual users and businesses, irrespective of their jurisdiction and geographical location.

Through a dedicated payment page, Markets Pro users can set up subscription plans with USDT or USDC, and use the tools to track subscription statuses. The payment layer is open-source so that the merchant can customize it fully to their needs.

With automated crypto payments, businesses receive money directly from their customers: non-custodial protocols such as Yoki Finance don’t store users’ funds. For the same reason, no user account can be shut down arbitrarily by the payment gateway since the accounts are managed from customers’ Web3 wallets.

In addition, automated crypto payments free businesses from chargebacks, as blockchain transactions are irreversible.

The integration paves the way for other Cointelegraph subscription-based products and sets a monetization blueprint for other crypto media.

Yoki also plans to expand its multichain support and introduce Markets Pro to the Yoki Store, a marketplace of the crypto subscription services available within Web3 wallets.

As Web3 is becoming increasingly accessible to the mass audience, implementing convenient payment methods is an opportunity for businesses to seize this trend and establish new sustainable revenue streams.