Today startup Superfluid raised $9 million for its ‘money streaming’ startup. Despite the new lingo, Superfluid looks to be a foundational programmable money application on public blockchain. Currently, it may be targeting the crypto world, but the real-world business application potential is massive.
Blockchain is known for its hyperbole. Kyle Semani of Multicoin Capital, which led the funding round, wrote that Superfluid “represents the biggest step forwards in value transfer since the advent of Bitcoin.” And he might be right.
At its core, Superfluid enables recurring payments using cryptocurrencies or stablecoins. Given repeat payments are available outside of blockchain, that’s not in itself that novel. But when you combine it with programmability and composability, it turns into something quite special.
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