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ChronosPay P2P

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LAST UPDATED:

August 30, 2021

ChronosPay P2P

ChronosPay P2P is a services to send and receive money for anyone in South America. Eliminating barriers between families from different countries and generating a source of income.

SUMMARY

ChronospayP2P is a platform for sending money between people regardless of their country of origin and whether or not they have some kind of wallet, either chronopay or another. Users configure their profile for buying or selling digital assets, choose the limits (maximum and minimum amount) per transaction, the payment methods they accept and the conditions.

The ChronosPay P2P platform has an escrow deposit. That is, at the moment of initiating a transaction with the counterparty, the amount to be sent is blocked in the deposit until the transaction is successfully completed or canceled. In the event of a disagreement between the parties, an appeal can be opened and a customer service agent will intervene to resolve the dispute. The reputation system is essential for the trust of the P2P system, it works by completed transactions, that is, the higher the number of completed transactions and the lower the number of canceled orders, the better the user's reputation. The mean release time, among other values, is also evaluated.

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SUMMARY

ChronospayP2P is a platform for sending money between people regardless of their country of origin and whether or not they have some kind of wallet, either chronopay or another. Users configure their profile for buying or selling digital assets, choose the limits (maximum and minimum amount) per transaction, the payment methods they accept and the conditions.

The ChronosPay P2P platform has an escrow deposit. That is, at the moment of initiating a transaction with the counterparty, the amount to be sent is blocked in the deposit until the transaction is successfully completed or canceled. In the event of a disagreement between the parties, an appeal can be opened and a customer service agent will intervene to resolve the dispute. The reputation system is essential for the trust of the P2P system, it works by completed transactions, that is, the higher the number of completed transactions and the lower the number of canceled orders, the better the user's reputation. The mean release time, among other values, is also evaluated.

GOAL

STEPS

 BUDGET REQUEST

GOAL

Chronospay P2P money sender in each country of South America

STEPS

1 - Update and add this functionality to the actual code of Chronospay (P2P functionality Web & APP);
2 - New design thinking and UX-UI for Web& App;
3 - List of countries to deploy;
4 - Commercial agreement for local partners;
5 - Setup a special Support team (Phone, WhatsApp, SMS, social, e-mail);
6 - Advertising for Beta Version focused in get "CHRONERS";
7 - Build "CHRONERS NET" in each country;
8 - Full advertising campaign in each country.

 BUDGET REQUEST:

$108,000

worth of XLM

GOAL

 BUDGET REQUEST

Chronospay P2P money sender in each country of South America

$108,000

worth of XLM

OUR REQUEST

Product DesignThinking & UX/UI -P2P : 15.000 USD ‍Development Team -P2P- Feature : 25.000 USD Marketing Campaigns : 40.000 USD Product Dev&Management : 13.000 USD Customer SupportTeam (Omnichannel) : 15.000 USD

PROBLEM & SOLUTION

The problem lies in the complex system for people to send money to their relatives from one country to another. Although the new technology streamlines this, it is still not enough for them to reach people who are not friends of the elderly technology, which are the sources of income for several families in South America today, it is a cultural issue and old. ChronosPay P2P is based on Stellar 100% both for the generation of the accounts and for the use of digital assets for payments. It also uses conditional payments to retain payments as collatera (Hold payments)l. With the help of this technology, the basis of the ChronosPay wallet and the ChronosPay P2P conditional payment format, we solve the barrier to entry for people who are not technology lovers and need family help to eat, pay for services and medical help. An important actor in this is the "Chroner", this allows to send the payment / send  from Person1 to the country to a Person2 in the country of "Chroner"; Let's say that he is the facilitator of moving from the cryto world to the real and Fiat world (with the base of technology of Stellar implemented in ChronosPay), and for this himself has an economic benefit. The project also accept retails to enter this model to be "Chroner Store", to have phisical spot to make the operation.

PRODUCTS & SERVICES

Product 1 - FIAT-Crypto wallet;
Services: P2P money cross border sender

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PRODUCTS & SERVICES

Product 1 - FIAT-Crypto wallet;
Services: P2P money cross border sender

PRODUCTS & SERVICES

Product 1 - FIAT-Crypto wallet;
Services: P2P money cross border sender

No items found.

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PRODUCTS & SERVICES

Product 1 - FIAT-Crypto wallet;
Services: P2P money cross border sender

TARGET MARKET

People aged 30-60 years from South American countries and they family live in a different country.

REVENUE MODEL

Mode1: Transaction fee. Mode 2: Subscription plan for Large volumen (retail or person).

MARKET RESEARCH

Binance P2P

THREATS & OPPORTUNITIES

Digital marketing and traditional. Sales team will be the Chroners and the retails which will be part of the Netservices.

COMPETITION

South American Government, retail industry and payment companies

MARKETING & SALES

RESOURCES & RELATIONSHIPS

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