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By Paystreme
A payment streaming platform that enables customers to pay in real time for services.
The company is developing a payment streaming platform called Paystreme that enables users to pay in real time for services. By using a Layer 2 payment channel on Stellar called Starlight, we will create the effect of streaming payments. Users will be able to send payments on a per-second basis as they consume any service. Consumers will not be required to pay monthly subscriptions to access streaming platforms like Netflix and Spotify or sign up for any service, eliminating the need for usernames and passwords. Consumers only need a pre-funded compatible wallet on their PC or mobile phone and choose what they want to read, see, listen, or use. By further applying this technology, we will develop the concept of payment bandwidth, which will translate to some amount of money per minute or second. Cell phone carriers, for example, could opt to charge different payment bandwidths for 3G, 4G, or 5G pay-as-you-go download speeds.
Today, 70% of Latin America's population remains unbanked or underbanked, and 58% of point-of-sales purchases are still made in cash. Consequently, over 400 million prepaid aggregate service subscribers in Latin America struggle with paying for utility services every month. Being excluded from the financial system and paying for recurring services is not only inconvenient and tiring; it is expensive. When handling prepaid customers, utility companies and merchants are subject to high fees, deductions, commissions from prepaid cards by vendors, and sometimes even interest. Paradoxically, these inefficiencies make the poor pay higher rates for services, making it expensive to be poor.
By building on Stellar, Paystreme will provide the fastest, most convenient, and most efficient way of paying for services. By using Stellar's Layer 2 payment channel, Starlight, we can process over 1 million payments per second per channel, making our platform highly scalable and efficient. Also, by partnering with MoneyGram and Stellar, we will be able to use hundreds of thousands of locations to onboard cash clients onto crypto. Unbanked consumers can use cash to pay for services at more competitive rates than before. Lastly, by integrating into Stellar's Anchor Platform, we will access traditional FIAT rails and allow banked users to easily top off their wallets.
$50.0K
Wallet Guru’s team is a powerhouse of innovation and expertise, bringing together leaders from diverse industries to redefine digital payments. Emilio Rubio, former CEO of HBO Latin America, brings decades of leadership in media and market expansion. Fernando Almiñana, a fintech strategist, combines deep expertise in blockchain, telecommunications, and financial consulting. Emiliana Rubio, an experienced marketing leader, drives sustainability-focused brand strategies. Catalina Rey, a seasoned attorney and compliance officer, ensures regulatory excellence. Joining the team is Emilio Otermin, a veteran technology leader with over 30 years in media and entertainment. As former SVP of Technology and Operations at HBO Latin America, Emilio managed transformative projects, including post-merger integrations and the deployment of advanced OTT and Pay-TV technologies across multiple regions. Together, this dynamic team is shaping the future of financial inclusion and real-time payments through groundbreaking solutions like Paystreme.
emilianawalletguru
Fernando Almiñana
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