The VerifiedX Foundation has launched Butterfly, a groundbreaking self-custodial platform designed to bring seamless, peer-to-peer payments to the mainstream. Accessible via any web browser, Butterfly allows users to send and receive cryptocurrencies like Bitcoin, USDT, and its native VFX coin instantly through text messages, email, or social media handles, eliminating centralized control and traditional financial friction.
Quick Intel
VerifiedX Foundation launches Butterfly, a self-custodial P2P payment platform.
It allows sending crypto via text, email, or social media handles.
The platform is accessible through any web browser at BeFree.io.
All transactions carry a flat fee of $0.01, regardless of amount.
Users maintain full self-custody of funds without managing private keys.
Future updates will include P2P lending, borrowing, and social rewards.
Butterfly is built to make borderless digital payments as simple as sending a text message. Users can send any amount, from one dollar to one million dollars, with a flat transaction cost of just $0.01. Funds can be sourced directly from a user's existing wallet or via integrated on-ramp providers like MoonPay and Stripe, settling instantly. This model challenges traditional payment systems with its combination of low cost, high speed, and lack of transfer limits.
A core innovation of Butterfly is its approach to self-custody. The platform ensures users retain full ownership and control of their funds without the technical complexity typically associated with managing private keys. Access is secured through an encrypted username and password, making the security of blockchain-based assets accessible to non-technical users. All transactions and interactions remain fully on-chain, providing transparency while simplifying the user experience.
Butterfly is positioned as more than a payment app; it is the first step toward a decentralized social commerce ecosystem. The platform plans to rapidly expand its features to include peer-to-peer lending and borrowing using Bitcoin and stablecoins, alongside social rewards and token-based incentives. This roadmap aims to create a comprehensive, self-custodial environment where digital value transfer and social communication seamlessly intersect.
The launch of Butterfly represents a significant step in merging the accessibility of mainstream payment apps with the sovereignty of decentralized finance. By removing technical barriers and centralized intermediaries, VerifiedX is attempting to catalyze a paradigm shift in how everyday users transact, empowering them to engage in global, permissionless commerce directly from their familiar communication channels.
The VerifiedX Foundation is a decentralized organization devoted to advancing open, secure, and deflationary blockchain infrastructure and features for everyday users globally. Its flagship protocol, the VerifiedX Network, powers next-generation peer-to-peer applications built for performance, transparency, and true user ownership for Bitcoin, VFX, and tokenized assets.
VFX (VerifiedX.IO) is the people's network, a next-generation decentralized protocol that is both a universal layer 1 and a Bitcoin specific sidechain / reliever chain, focused on trust, transparency, and deflationary economics. With a fully mined supply and all network fees burned, VerifiedX operates as a zero-inflation, asset-backed blockchain purpose-built for everyday users, third-party adoption, peer-to-peer finance, tokenized asset verification, and secure on-chain storage.
The network's native coin (VFX) can be accessed directly in-wallet, and enables minting of Verified Bitcoin Tokens (vBTC) with a 1:1 evergreen self-custodial peg coupled with smart contract utility and full asset recovery features for funds.
Providing robust in-wallet and self-custodial options for everyday users to plan, transact, save, spend, borrow, and vault Bitcoin, VFX funds, and digital assets are the cornerstone of the VerifiedX ethos. As the first universal layer 1 and Bitcoin reliever chain, the network dramatically reduces costs of ownership and frictions for everyday users and integrators around the world and provides multiple layers of convenience, security, and self-custodial empowerment.
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