Subsequent to the NEAR MetaBUIDL Hackathon held in September 2021, Roketo rapidly turned out to be a renowned B2B real-time payment platform with more than 5,000 users and 7,000 live transfer in a short duration. To meet the needs of Roketo’s prevailing customer base and widen further, the company completed an key technical overhaul to the system.
Rocketo is a live streaming platform developed on NEAR Protocol that facilitates funds transfers in extremely small blocks per second (or even less). Therefore, it seems like a flow of liquid within a pipe. The platform provides fresh opportunities in funding and offers multitude of ways to enhance prevailing payment channels.
The latest version of Roketo’s smart contract improves memory operations and strengthens the stability of the platform while reducing gas fees during bulk streaming. As an outcome of the latest agreement, customers can easily broadcast several thousands of crypto transfers at miniscule gas costs. Specifically, the average fee will be less than $1. Cryptocurrency streaming is an exceptionally helpful tool for payments including payroll. A useronly has to enter the amount to be transferred and the payments will be done similar to a liquid flowing through a nozzle.
Roketo’s CTO Vasilisa Versus opined that the “The launch of the distinct smart contract lays the foundation for subsequent product advancement as well as the expansion of the firm. Now that we have a reliable ecosystem for recurring payments, we are able to deliver it to our clients. Additionally, we will guarantee that frequent upgrades, occurring every two weeks, will contain vital fresh features and additional connectors.”
Along with the latest variant of the smart contract, Roketo has also unveiled real-time in-app notifications regarding stream conditions. This is seen as a huge initiative for the platform to turn into a distinct kind of recurrent payment broadly utilized for payroll.