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By Grip
The financial control center that supercharges all your financial accounts and cards.
Financial Wallets ("Pouches")
To allow Grip users to be able to hold fiat in supported currencies, each currency has its own pouch (this supplements linking accounts directly). We extend this to enable stellar support by setting up custody wallets and muxed accounts under a pooled account, enabling users to hold and interact with assets like XLM and USDC on Stellar.
Problems Solved: - Singular Interface for Fiat & Crypto: Simplifies user financial interaction. - Cost Efficiency: Reduces overhead on users by avoiding individual account creation using multiplexed accounts. - Asset Holding: Provides secure asset custody for users.
Benefits: - Quick, secure access to Stellar assets for our users. - Lower complexity and cost in account management for our users.
How It Works: - Pooled Account with Muxed IDs: Uses a single base account with unique muxed IDs for user transactions. - Trustlines: Establishes trustlines for various assets based on user requests. - Stellar CAP-27: Implements multiplexed account management as per Stellar's CAP-27.
Card Payments
To allow Grip users to be able to make local and international payments with the multi-currency cards we issue to them. They can pay from their pouch balances or directly from their linked financial accounts (a sample of this is shown in the video). This integration will extend our card payment capabilities and enable users to link their stellar wallets on CEX, DEX, and on Grip to physical and virtual cards we issue for seamless payments using Stellar assets like XLM and USDC.
Problems Solved: - Financial Interoperability: Connects traditional card payments with blockchain assets. - Flexibility: Lets users switch payment methods within the app. - Liquidity Management: Simplifies managing liquidity for transactions with Stellar assets.
Benefits: - Cardholders can use blockchain assets for daily transactions effortlessly. - Merchants can accept payments from users with Stellar assets, increasing their customer base.
How It Works: - Wallet Integration: Stellar wallets set as payment options in the app. - Real-Time Validation: Validates wallet balances for transaction authorization. - Stellar Anchors: Uses Stellar Anchors for off-ramping transaction values to fiat.
Open Banking Service
Grip has an in-house open banking infrastructure that was built to extend our service provider coverage to be the most extensive in the market and to also allow for cost-effective transaction spooling, transaction initiation, and to easily enable other features and use cases we might need to support in the future. This feature would extend Grip's OB infra to include integrations with centralized and decentralized exchanges, enabling seamless on-chain and off-chain asset management.
Problems Solved: - Liquidity Management: Simplifies managing liquidity across platforms. - Financial Control: Centralizes control of finances, including on-chain transactions. - Interoperability: Enhances connectivity between traditional finance and blockchain networks.
Benefits: - Users: Manage financial assets across multiple platforms easily. - Financial Institutions: Offer enhanced services by integrating traditional and blockchain finance.
How It Works: - API Integrations: Connects with CEX and DEX providers using APIs. - Transaction Management: Synchronizes transaction history and initiates transactions. - Stellar Wallet Linking: Links Stellar wallets for seamless asset management.
$45.3K
Nelson Nelson-Atuonwu
No other submissions.