What is “programmable savings”?
I recently interviewed Ralph Hofacker, Co – Founder of urble. He explained the concept of programmable savings. He describes it as assigning money to a specific person (or purpose) and then coding the conditions under which it gets released.
For example:
“Sending X amount to Y when Y achieves Z action,” and the payout only happens once that rule is met.
This is basically programmable money in a hashtag#savings context: money is not just stored; it’s “programmed” to move only when certain conditions are satisfied. Think of it as a smart‑contract‑backed savings piggy bank that unlocks only when someone hits a milestone, not when you manually click a button.
A few practical examples:
– Sending money to a family member only once they hit a fitness or education goal.
– Rewarding a freelancer or team member once a project milestone is confirmed.
Is this concept known to you? Where would you actually use this in you life? Share in a comment below.
P.S Please note that is not an investment of financial advice. Views expressed are my personal.
hashtag#ProgrammableSavings hashtag#Blockchain hashtag#SmartContracts