Recurring payments are necessary for a ton of services - anything where you periodically receive a bill.
Some examples include:
- Publication subscriptions
- Collecting rent
- Maid services
- Ride sharing
- Gym memberships
- Recurring donations
- And many more
Outside of a customer/merchant context, we also added the ability to:
- Buy and sell bitcoin at regular intervals - great if you’d like to scale in to owning Bitcoin gradually
- Send or request bitcoin from other people
- This is helpful if you’d like to pay rent, bills, friends, etc on a regular basis, or regulating invoice clients.
Recurring payments can be set up per day, week, month, year, etc.