The VerifiedX Foundation announced the launching of Butterfly — a revolutionary self-custodial social payment and commerce platform that allows users to send and receive VFX (the native VerifiedX coin), Bitcoin, USDT, and USDC instantly via text message, email, or any social media handle. Accessible at BeFree.io with any device and browser, or in VFX native SwitchBlade Wallets, Butterfly brings true peer-to-peer payments to the mainstream — completely borderless, permissionless, and without any centralized control or friction.

Butterfly users can send and receive funds directly from any existing wallet, exchange, or DEX funds owned, or seamlessly use integrated on/off-ramp providers such as Crypto.com, MoonPay, Banxa, or Stripe with a credit or debit card.

Transactions settle instantly, and users face no limits on transfer amounts. Whether moving $1 or $1,000,000, each transaction costs just $0.01, with every fungibletoken mint and transfer burning VFX, additionally accelerating the VerifiedX networks deflationary economics.

Butterfly redefines what it means to send and receive payments with self-custodial status.

Users maintain complete ownership of their funds and data without the need to manage complex wallets or private keys. Access and security are as simple as using an encrypted username and password, while every interaction and payment remains fully native and on-chain.

Funds can be off-ramped directly to a bank account or kept within the users Butterfly account for future use — including merchant payments and transfers to other users.