Stellar Community Fund

By Sentit

Sentit

SCF #10

$55.0K

Legacy v3.0 Award

Awarded

A multi-currency non-custodial Blockchain Wallet with the main Focus on Cross-Border payment.

Products & Services

Cross Border Payments

Sentit is built for both Cross-Border and Local payments, this is shown in our various types of payment processes targeted at simplifying Blockchain for payments. On Sentit, users can send payment to an email address (new and existing users), public key, and federated address. Users can send the same asset or cross-asset to any of the available payment methods. Below is a short explanation of these features:

1. Email Payments: One of the ways we simplified cross-border payments is through email payments. Sending money across borders should be as effortless as sending an email. Sentit allows users to send payment just by knowing the recipient's email; no public key is required. Just ask for the recipient's email and users can send funds/crypto assets to their email directly regardless if the recipient is registered on Sentit or not. This takes away the issues of users sending payments to the wrong persons and it is way more user-friendly.

2. Public and Federated Address Payment: For experienced users, Sentit is also for you. On Sentit, users can send federated and public key payments too, and all the above-mentioned features are also available for sending payments. This makes Sentit not just a wallet for newbies with no or little blockchain experience but a dynamic wallet that can bend to fit everyone’s purpose regardless of their level of experience with blockchain technology.

3. Currency Swaps: For both experienced and new users, Sentit provides functionality to be able to swap between currencies, crypto assets, tokens, and NFTs at an extremely low fee and fast settlement time. With the recent devaluation of currencies and inflation in most countries, swapping between currencies has been a way to hedge against inflation and currency devaluation, and Sentit is the right tool for this.

Bill Payments

Online bill payments have become an essential part of everyone’s lifestyle these days. MTN Nigeria's 2020 financial report shows how bill payment is becoming extremely important not just for Nigeria alone but all over Africa and the world by extension. The group made N332.4 billion in data-related revenue alone with a 51.2% growth in 2020. Sentit allows any user to pay all sorts of bills like airtime, data, TV, internet, religion, educational subscriptions, cable TV subscriptions, and many more using any of their trusted token/crypto assets. This provides users with a wallet that supports their everyday bill payments alongside their crypto assets, giving users the flexibility to pay their everyday bills with just a few clicks. We believe bill payments will play an important role in blockchain adoption for cross-border payments and Sentit is at the forefront of this.

On and Off-Ramp of NGN (upcoming)

On and off-ramp of fiat is a must-have functionality of any cross-border payment platform and with Stellar Standardized Sep006 and Sep024, we provide users with the functionality to directly make deposits and withdrawals of fiat (real-world fiat), tokens, and assets (from other chains like Ethereum, Bitcoin, etc.) directly from the Sentit Wallet. We currently support BTC, ETH, and other ERC20 for Sep006 withdrawal and deposit.

For fiat deposits and withdrawals, Sentit currently supports Sep24. Any assets (fiat) that conform with this Sep Standard, users would be able to deposit and withdraw them to their banks directly from Sentit. We will continue to partner and integrate with more anchors on the Stellar network to provide users with that seamless experience that matters.