No hype and no invented timelines. This is exactly what happens between a use and a payment, and exactly what is still switched off.
A LICENCE BECOMES A PAYMENT
Someone wants a use you allowed and priced. A machine pays at the door over x402 in stablecoin on the configured network. A person pays by card. Either way the same licence record is written, with the parent Deed, the use, the territory, the term, the price and a signed attestation.
THE RECEIPT IS WRITTEN FIRST
Every incoming payment creates one receipt row: what was paid, in what asset, the rate used, and the reference of the transaction. Nothing is credited to anyone before that row exists.
THE SPLIT IS ARITHMETIC, NOT OPINION
Split rows are derived from the Deed's holders and their shares. Each holder gets the floor of their exact share in cents, then the leftover cents go one at a time to the holders with the largest fraction, ties broken by the order they appear on the Deed. The parts always sum to the total. No cent disappears.
CURRENCY IS RECORDED TWICE
Machines pay in stablecoin, people pay in euro. We store the amount actually paid, the asset it was paid in, the rate used at the moment of receipt, and the euro value. Balances are shown in euro.
Card payments sit with our payments partner. Machine payments land at the receiving wallet configured for this deployment. Deed is not a bank and does not hold client money in its own name.
Bank payouts. The whole flow is built: connect a bank, see your verification status honestly, request a withdrawal, watch its status. Until the payouts partner is switched on, every request is recorded and shown as HELD, and your balance keeps accruing. We will not invent a date for it.