# New proposal "Tao: Asynchronous Payment channels for stable coins"

**URL:** <https://forum.zcashcommunity.com/t/new-proposal-tao-asynchronous-payment-channels-for-stable-coins/41437>\
**Category:** Applications\
**Created:** [April 29, 2022, 8:15pm UTC](https://forum.zcashcommunity.com/t/new-proposal-tao-asynchronous-payment-channels-for-stable-coins/41437 "2022-04-29T20:15:31Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![taocodao](https://sea2.discourse-cdn.com/zcash/user_avatar/forum.zcashcommunity.com/taocodao/32/20025_2.png) [@taocodao](https://forum.zcashcommunity.com/u/taocodao)\
**Post date:** [April 29, 2022, 8:15pm UTC](https://forum.zcashcommunity.com/t/new-proposal-tao-asynchronous-payment-channels-for-stable-coins/41437/1 "2022-04-29T20:15:31Z")

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Hi all,  
We submitted our proposal “Tao: Asynchronous Payment channels for stable coins”. Please find the proposal here: [https://zcashgrants.org/gallery/25215916-53ea-4041-a3b2-6d00c487917d/24376376/](https://zcashgrants.org/gallery/25215916-53ea-4041-a3b2-6d00c487917d/24376376/)

Our goal is to build a flexible payment channel on top of the public blockchain, such as Ethereum, to provide a low-cost micropayment service on Zcash. Please let us know your thoughts, thx.

Eric

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**Author:** ![decentralistdan](https://sea2.discourse-cdn.com/zcash/user_avatar/forum.zcashcommunity.com/decentralistdan/32/28747_2.png) [@decentralistdan](https://forum.zcashcommunity.com/u/decentralistdan)\
**Post date:** [May 19, 2022, 7:37pm UTC](https://forum.zcashcommunity.com/t/new-proposal-tao-asynchronous-payment-channels-for-stable-coins/41437/2 "2022-05-19T19:37:16Z")

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@taocodao, after sufficient time for community feedback on the forum, and consideration from the committee the [@ZcashGrants](https://forum.zcashcommunity.com/groups/zcashgrants) Committee has decided to reject this proposal. Thank you for your patience.