Pip, also known as PIP, is a payment layer of Web3 that strives to provide innovative solutions for the growing ecosystem of cryptocurrency, with a particular focus on micropayments. Pip's infrastructure is designed to make it easy for people to use crypto in their daily lives. It offers four payment services: Social payments, Web3 identity, Payment buttons, and Payment links. All of Pip's products are built on the open and permissionless nature of cryptocurrency, allowing anyone to send and receive digital assets globally without limitations. Launched in February 2022, Pip is backed by well-known companies and seeks to facilitate the ease and convenience of cryptocurrency payments for anyone on the internet.

Pip works by providing a range of user-friendly products that facilitate the sending, receiving, and processing of digital currencies on popular websites and platforms. It offers a browser extension for social payments, allowing payments on various platforms through Pip Tags. These tags are a user-friendly version of a cryptocurrency address, replacing the need for long wallet addresses. Pip also offers a no-code payment button that can be embedded into any website, facilitating easy integration of crypto payments. Additionally, Pip provides a customizable link in bio, PIP.ME, designed for crypto payments, and Payment Links that allow users to send payments through any form of communication.

Pip has a wide range of potential use cases, particularly in the realm of online payments. Its social payments feature allows users to make payments on various platforms, making it easier for users to send and receive payments without dealing with long and complex addresses. The no-code payment button allows for easy integration of crypto payments into any website or online store, making it a useful tool for businesses. The Web3 identity feature, PIP.ME, is particularly useful for influencers and content creators who want to monetize their work. Lastly, the Payment Links feature is useful for businesses that want to provide a seamless payment experience for their customers.

Pip was launched in February 2022 with the intention of shaping the future of payments. It was incubated by a well-known blockchain lab and funded by leading companies in the digital asset space. Since its launch, Pip has been focused on providing innovative solutions for the growing ecosystem of crypto, with a particular emphasis on micropayments. Its goal is to facilitate the ease and convenience of cryptocurrency payments for anyone on the internet, bridging the gap between the traditional web (Web2) and the decentralized web (Web3).