Subscriptions for regular transactions

[keeper-wallet]

Subscriptions for regular transactions

[KardanovIR]

API can also allow you to set end_time for subscription

[pivoo81]

It is a bad idea to make transactions automatically, so it is much better just to show a notification and popup with transaction details for every payment period.

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it's very cool. Because now with credit cards some service charge you according to your "subscription" and if you actually didn't want this, you start thinking how to get your money back.
This approach with notification is much better - you can control your recurrent payments.

[bravetarget]

It is a bad idea to make transactions automatically, so it is much better just to show a notification and popup with transaction details for every payment period.

+++
it's very cool. Because now with credit cards some service charge you according to your "subscription" and if you actually didn't want this, you start thinking how to get your money back.
This approach with notification is much better - you can control your recurrent payments.

Somewhat disagree here... I think it is a great idea to have on-chain subscriptions, but why not have them automatically fulfilled? This has stood out to me as an inconvenience of crypto when compared to the current banking system.

For example: 90% of my monthly bills are automatically deducted from my bank account, and this is done by registering to a customized auto-pay service (which, in most cases, the servicing company has to build this system themselves) and then provide my bank account info to them. Imagine if this type of behavior was translated into waves keeper...

This would solve some pretty glaring problems of our current banking system. For one, I could see from my waves wallet all the services that I'm subscribed to are. This is actually impossible to do from your bank account, even though thats where the money will be deducted from (strange, right?). And secondly, would create uniformity amongst these services, also allowing many smaller companies to offer subscriptions without needing to dedicate resources towards setting a system up themselves.

Automatically initiated transfers from a manually signed subscription might be outside of the scope of this proposal, but definitely stands out in terms of what banks can do that crypto can't. And this change sort of paves the way for that to be solved.