Brunch Autopsy: Maker, Mosendo & Mimosas with $DAI – Depfi
It was 11am on a Saturday morning and a new use case for payments was being born. Breakfast Burritos ? and Mimosas ? were being snapped up by people using MakerDAO’s DAI through Mosendo’s proof of concept application.
Upon arrival to Starfish in San Francisco they were given a QR code to scan with their smartphones. Once scanned, their phones opened the web browser and on their screen they saw “Redeeming Payment…”
In the background, 10 DAI was being claimed, a web wallet set up and a state channel being established using Connext Network’s Layer 2 Solution.
The payment redemption takes between 30–90 seconds as it’s getting six confirmations on the Ethereum blockchain. However, once setup, all transactions are free and nearly instant on the Mosendo demo.
Then people headed to the bar, where they could buy Breakfast Burritos ? and Mimosas ? using this freshly acquired DAI⬙.
At the bar, Crypto Chef Bernado Teixeira, who often caters for crypto events around San Francisco, was delighted to see a long held dream of his finally coming to life…
People were able to pay for his food using crypto.
By simply scanning the QR code of the receiving app, excited brunchers were able to send from their web wallet and see the nearly instant transaction happen before their eyes.
People started asking “Is there going to be a presentation?”
Whilst the focus of the event was for people to experience Mosendo as the payment method of choice, Co-founder and CSO Tom Howard got up and shared a few words about the mission and focus for Mosendo’s roll out.
There were a few questions about the future of the user experience, as the proof of concept in use at the event is just designed for the demonstrating the working instant and free sending infrastructure. There were hints about a soft launch of Mosendo native at Berlin Blockchain Week.
Future of Ethereum Discussion
With prominent Ethereum projects including Maker, Dharma, Trust Wallet, Mosendo and Connext in the room, there was good discussion about the future of Ethereum technology.
Going from conversation to conversation, one would hear about layer 2 state channels, usability challenges around seed phrases, different wallet recovery ideas, #defi lending returns and wallet identity standards, among other topics.
Overall people really loved the informal style of the event and the fact that the app worked so simply.
Matt Nguyen
Matt Nguyen is building Telefuel, which organizes your Telegram chat like Slack! Here’s what he had to say about the event;
Layne Haber
Layne is building Connext network, the state channels network used by Mosendo.
It was awesome to see DAI being used to pay for food, and I’m super excited to have the native app with noncustodial recovery!
148 Burritos ? and Mimosas ? were sold during the 3 hour brunch, 100% paid with DAI!
Up next, Berlin!
Published at Sun, 14 Jul 2019 05:26:22 +0000
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