Stellar Community Fund – ChronosPay P2P

Products & Services

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

No items found.

Previous Project(s)

No items found.

Progress so far

Goals

Chronospay P2P money sender in each country of South America

To get there, we will use our requested budget of

to:

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.

Overview

Problem and 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.

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

No items found.

Links:

• Main website
• Github code
• Robot initial proof-of-concept

• YouTube

• Command Robotics Overview

Team

* The amounts shown are budget requests and not (yet) granted to the projects. During the Community Vote phase, voters can indicate whether the project deserves the amount it's asking for (budget request). The total pool of XLM available for SCF#11 is 8M XLM. SDF will allocate the XLM equivalent of the specified USD budget of the submissions with the most votes in descending order of rank until the earlier of (i) the XLM Pool is fully distributed (ii) there is not sufficient XLM remaining in the XLM pool to fully fund the next ranked submission or (iii) there are no remaining eligible submissions. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on December 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.

*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5th as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)

**The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on December 16, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)

*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on September 27, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)

* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)