Web3 restaurant app Blackbird launches new payments platform Blackbird Pay

Blackbird Labs, the firm behind the web3 payments app Blackbird, launched a new payment platform Blackbird Pay. 

Blackbird Pay is a payment and check settlement network for restaurants built on Blackbird's new blockchain, Blackbird Flynet. Restaurants using the platform pay a 2% fee per transaction, and diners can use Blackbird's reward point FLY to pay for meals. 

“In the last decade, we’ve seen great advances in restaurant technology, but we have made virtually no progress with payments, which tend to be expensive, cumbersome, and technologically opaque for most restaurants,” said Ben Leventhal, founder and CEO of Blackbird, in a statement. “Blackbird Pay changes all of that and we’re excited to partner with the restaurant industry to forge a new path forward.”

Blackbird previously raised $24 million in Series A funding, led by Andreessen Horowitz, in October 2023. The round saw additional participation from QED, Union Square Ventures, Shine, Variant and others, The Block previously reported.