🚀 Informal Systems, led by Ethan Buchman, is developing Cycles - a peer-to-peer payment system without intermediaries! 🌐

- Cycles aims to be a decentralized payment solution, saving liquidity and reducing dependence on banks.

- Scheduled to launch in 2025, Cycles uses "atomic multilateral settlement" to optimize debt payments.

- Supports multiple currencies, including BTC via the Bitcoin-Cosmos bridge.

- Opens up huge opportunities for businesses and individuals in asset management and payments.

- The big challenge: integrating real-world accounting systems and optimizing user experience.

Do you think Cycles can be a game changer? Share your thoughts! 💬