Stellar Community Fund

By LINK IO

LINK Business

SCF #15

$140.0K

Legacy v4.0 Award

Awarded

web3 cross border payments infrastructure for Africa

Products & Services

Launch and Grow: LINK Business

International and Local businesses are finding it hard to set up locally and extend their services in the Nigerian (African) market; some of the problems are: No or little access to local infrastructure, Inability to do reconciliation from local currency, Inability to hedge against rising inflation, Limited payment options to operate locally, Liquidity and settlements speed, Compliant on & off ramps are still a hassle.

How LINK Business solves this: Get NGNC straight from the source. Send and receive naira digital currency on-chain. All through a single portal for payments. On & Off Ramp (SEP 24 implementation), Treasury & Custodial Dashboard, Move NGNC from Stellar across multiple chains. Non Nigerian Businesses and Nigerian business alike small or big, defi based or traditional based now have access not only to possibilities of defi but Local infrastructures to get paid and to pay as well. We want to bridge Africa’s Internet of value. LINK is that bridge between the world, defi and traditional rails built for global businesses. Facilitate on ramps from Point of sale devices to your dashboard.

Platform: Web App - https://ngnc.online Developers Doc: https://docs.ngnc.online/ngnc-bridge-docs/

SEP24 is literally 90% done, Launching in other markets in Q3 Ghana, Cameroon just to mention a few, already the Ghanaian cedis asset has been issued on Stellar with payment capabilities internally, we are looking to launch it and we are onboarding more business customers that would want this kind of service utilizing Stellar's blockchain infrastructure.

Build WAVY

WAVY is a stablecoin utility super app/custodial wallet for the world, think Binance and Revolut but for stablecoins. Permissionless on and off ramps leveraging anchor partnerships on the network (on the roadmap as well would be to build sort of a bridge on soroban smart contract that would allow cross chain). USDC yields from local currencies leveraging yUSDC (Panning out building a contract as well on Soroban that allows users supply and borrow). FOCUS IS BUILDING the Largest Stablecoin P2P Marketplace where users get to buy/sell stablecoins with other stablecoins at their own terms, in this case we are building our own asset escrow contract on Soroban that would hold the both stables until the both users sign through their wallets.