Stellar Community Fund

By Peer (by Honeycoin)

Peer: The everything app.

SCF #26

$100.0K

Legacy v5.0 Community Award

Awarded

Peer byHoneyCoinis a global, non-custodial financial super app made for the general public and primarily built on Stellar.

Products & Services

Peer is a non-custodial financial super app built for consumers anywhere in the world tailored to crypto and non-crypto native users by abstracting the blockchain jargon and complexity of using a crypto wallet.

But what do we mean? Whilst most digital wallets focus on solving one of two core pain points: payments and remittances, at Peer we believe that, whilst those are crucial problems that customers face on a day-to-day basis which we've also significantly optimized for, wallets should be so much more than a way to pay and get paid and at Peer we've built and continue to build an ecosystem of services within our app that align with one of the Stellar ecosystem's core missions: real-world use-cases. Let me break it down:

✅: for boring standard features 💜: for our differentiators that you can only find on Peer or that are unique

As of today, users on our app can:

Send & Receive any trusted asset on the Stellar network. ✅

Swap any asset on the Stellar network via our Integrated DEX built using Path Payments & Stellar Offers as part of the Stellar Core Protocol. As part of our commitment to the Soroban ecosystem we're now working on a Soroban-based version of our in-app AMM and a savings and investment feature which should be live on Stellar in Q1 2024. ✅

Chat Send (On / Off Ramps): We built a chat-based interface for users to instantly withdraw their stablecoins (USDC, EURC) or XLM balances into their mobile money wallets or bank accounts in Kenya 🇰🇪, Nigeria 🇳🇬, Tanzania 🇹🇿, Uganda 🇺🇬, & Francophone Countries because we believe that payments should not only be fast as texts but they can also natively feel like sending one. 💜 (Try it out by downloading the app today!)

Instant Asset Bridge: We built a non-custodial tool that allows users on other blockchains like Ethereum, BSC, Celo and such to bridge supported assets like USDC & EURC instantly into their Stellar wallet address. No other wallet has such a feature within the Stellar ecosystem. 💜 We plan to deploy this on Soroban in Q1 and provide a web version as well in order to make it more accessible to consumers and composable with other projects on Stellar.

Cash In / Cash Out: Users can deposit and withdraw USDC for cash over 150+ countries through our partnership with MoneyGram & Circle. We are one of only 8 wallets that are pioneering this functionality and were the first on the African continent to roll this out. 💜

Deposit and Withdraw EURC in 27 EU countries via our SEP-6 integration & partnership with MYKOBO. 🇪🇺 💜

Airtime & Bill Payments: Users can purchase airtime across over 200+ mobile networks, pay bills like power, water, & internet natively on Stellar or using any trusted asset on the network. 💜

Gift Cards: Users can purchase redeemable gift cards at over 200+ global brands such as Spotify, Netflix, Uber, Apple, and more with Stellar assets like USDC, XLM, EURC. 💜

CashBot: Users in Kenya 🇰🇪, Nigeria 🇳🇬, Ghana 🇬🇭, & South Africa 🇿🇦 can link their external bank accounts and mobile money wallets and view their balances, transactions and track their spending across their fiat and digital asset accounts in real time. We also use AI & Machine Learning to help with categorization, provide insights, and offer financial advice based on their spending habits and financial health. 💜