Jason Lee
1 min readJul 26, 2019

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Hello! InstaPay is an experimental feature that uses Connext Network’s payment channels. When you deposit into the channel the money will be held in DAI, a stablecoin pegged to the U.S. dollar but backed by reserves of the Ether. When you withdraw from your channel the DAI will be converted back into Ether and it will show in your account.

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Jason Lee

BizDev & Partnerships at Phantom | Previously @coinbase @metamask_io and @ConsenSys