Loofta

Loofta is a Solana-based payment platform designed to eliminate one of crypto's most persistent onboarding barriers: the wallet address. The core product — Loofta Pay — lets senders transfer USDC or any of 150-plus supported tokens to a recipient identified only by an email address or social handle, including X (Twitter), Telegram, GitHub, and Discord usernames. The recipient does not need a crypto wallet, an existing account on Loofta, or any prior exposure to blockchain infrastructure. They receive a claim link, pick their preferred payout form, and withdraw — either keeping assets in digital tokens or cashing out directly to a bank account in USD, EUR, GBP, or JPY.

The project was founded in 2024 and initially explored a Web3 freelance marketplace model. By 2025–2026 it had pivoted fully to payments infrastructure, with the loofta.xyz domain now serving the payment product and a separate ecosystem under @looftapay on X handling product announcements.

How It Works

Loofta Pay operates in three steps from the sender's perspective. A user enters a recipient identifier — an email, a GitHub handle, a Discord username — specifies an amount in USDC, and submits. The platform generates a claim link delivered to the recipient through the identified channel. The recipient opens the link and chooses either to hold the value in one of Loofta's supported tokens or to initiate a fiat bank withdrawal. If the recipient never claims, the sender retains control of the funds.

Payments are free and gasless by default. Loofta takes no cut from standard transfers. Privacy-shielded payments carry a flat fee of 10 basis points of the transfer amount plus a 0.002 SOL gas charge, both denominated in USDC. Those fees flow entirely to MagicBlock's privacy infrastructure — not to Loofta.

Multi-send functionality allows senders to pay up to ten recipients in a single transaction, designed specifically for bounty payouts, hackathon prizes, and community giveaways.

Privacy and Security Architecture

Loofta's optional Shielded Mode obscures the on-chain relationship between sender and recipient while preserving the non-custodial nature of the transaction. This is built on MagicBlock's privacy infrastructure, which Loofta has integrated as a core partner. Standard transfers remain visible on-chain; shielded transfers are routed through MagicBlock's system, where Loofta describes fees as the lowest across transfer sizes when compared to alternatives such as Umbra, Privacy Cash, and Houdini Swap.

User funds held within the platform sit in Morpho Vault, an audited yield-bearing vault protocol, which means idle balances compound automatically rather than sitting dormant. The platform runs on Solana mainnet beta.

The platform is non-custodial — Loofta does not hold funds on behalf of users, and unclaimed payments remain under sender control.

Developer and Agent Integrations

Loofta publishes an open-source React SDK — the Loofta Pay SDK, available on GitHub under the loofta/loofta-pay-sdk repository — which lets developers embed a checkout button in any web application. The button opens Loofta's hosted checkout flow as a popup, redirect, or new tab. Configuration accepts an organization ID, target amount, and callback handlers for payment completion. The SDK supports cross-chain intent: a buyer can pay from Ethereum, Base, Arbitrum, Polygon, or NEAR, while funds arrive at the merchant's configured Solana destination.

A separate Agent Skills layer allows AI agents to trigger Loofta payments programmatically, covering use cases where an AI system needs to disburse rewards to human participants who have no existing wallet. This positions Loofta as infrastructure for autonomous payments in AI-driven applications, a use case the team has called out explicitly.

Multi-Chain Reach

While Loofta Pay is built on Solana, it accepts incoming payments from more than 120 tokens and six networks: Ethereum, Base, Solana, Arbitrum, Polygon, and NEAR. Recipients claiming funds always settle through Loofta's Solana-side infrastructure regardless of which chain the sender used. Bank cashout supports four fiat currencies — USD, EUR, GBP, and JPY — via automatic conversion.

Ecosystem Partnerships

Loofta has built integrations with several Solana and wider Web3 ecosystem partners:

• MagicBlock — provides the privacy layer powering Shielded Mode and processes all privacy-related fees
• Blink.cash — integrated as a deposit method, allowing users to fund Loofta Pay accounts via Blink's passkey-based interface
• Megapot — integrated into Loofta's daily lottery feature, which pools a portion of platform activity into a prize drawing at 5:10pm UTC
• Superteam Ireland — listed among the project's ecosystem backers

Community Rewards

Loofta runs a points and rewards system tied to payment volume. Payments above 20 USDC earn rewards automatically. The platform also runs a daily lottery denominated at $1,100,000 in prizes, powered by Megapot's on-chain lottery infrastructure.

Team and Transparency

Loofta does not publish individual team member names or bios publicly. The project communicates through two X accounts — @looftaxyz (company-level) and @looftapay (product-focused) — and maintains a Telegram community. The Superteam Ireland affiliation suggests the founders or core team have roots in the Solana community. As of July 2026, the product is live on Solana mainnet beta with active social presence and recent partnership integrations.

Solana Fit

Loofta targets one of Solana's acknowledged strengths: the capacity to settle high volumes of low-value payments cheaply. Gasless transfers, sub-second finality, and integration with Solana-native infrastructure (MagicBlock, Blink, Megapot) anchor the product in the Solana ecosystem even as it bridges cross-chain inflows. As of July 2026, the product is live on Solana mainnet beta with active social presence and recent partnership integrations.