Stellar Community Fund

By LINK IO

LINK

SCF #10

$50.0K

Legacy v3.0 Award

Awarded

Cross border payments infrastructure for Africa

Products & Services

LINK is a different kind of Nigerian Anchor, as an infrastructure first company we are focused on a unique streamlined range of services and features that have the backbone of Stellar network.

Launch and Grow

LINK for Global businesses: We allow businesses to accept payments and send payouts globally in one unified platform. Move digital money leveraging traditional payment rails and do business in a more global, scalable, and efficient way through hybrid infrastructure. LINK seamlessly connects these worlds.

- 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 businesses 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. - Platform: Web App - https://ngnc.online/

LINK P2P platform: Allows users to send, spend, and bank at the real exchange rate with transparent fees across borders.

- Send and receive money from Nigeria to over 50+ countries across the globe in record time at the exchange rate seen on Google with low transparent fees allowing us to be the cheapest solution across the continent (30-50% cheaper than all existing solutions). - Create multi-currency accounts that can be loaded with local currencies at the real exchange rate. - Create a USD Virtual debit card that can be loaded with local currencies at the real exchange rate. - Compare our rates with other providers real-time. - Receive money directly through your link tag, bank, or in-person. - Powered by the speed, low-cost, and anchor interoperability provided on the Stellar network with our own stablecoin NGNC and other stablecoin providers on the Stellar network. As well as our built-in P2P infrastructure that works on the backend. - The LINK P2P platform is the only platform that would be powering payments this way and it's because our vision aligns with what we found on the Stellar network. - Platform: Web App - https://linkio.africa/ (Coming to IOS and Android)

NGNC: NGNC for Naira Coin is a multichain stablecoin pegged and redeemable 1:1 in value to the Nigerian Naira, built to power cross-border payments and the future of the internet of value for the next billion Africans.

- Currently, NGNC on- and off-ramps are only implemented on the Stellar Network compliantly with local regulations through Stellars’ SEP24. - NGNC represents the only Naira stablecoin that carries the true value of the Nigerian Naira on the Decentralized Exchange as well as the only multi-chain Naira asset. - NGNC currently exists on a stealth protocol on Solana and Polygon, coming to Stellar that would allow global forex interoperability and liquidity powered by LINK’s infrastructure as well. Coming to other exchanges soon. - The aim is to build that global tradability of the Naira and equitable access to defi for Africans. - Token link on Stellar: https://stellar.expert/explorer/public/asset/NGNC-GASBV6W7GGED66MXEVC7YZHTWWYMSVYEY35USF2HJZBLABLYIFQGXZY6-1 - Token website: https://linkio.africa/ngnc

WAVY (Vibrant for Nigeria): Wavy is a wallet app developed on Stellar by the team at LINK as one of the line of cross-border focused payments platforms. By employing Stellar, Wavy makes it possible for Nigerians (especially low-income and middle-class working individuals) experiencing inflation to purchase and hold USDC quickly, cheaply, and easily.

- For Businesses - Wavy also works like MoonPay for Africa giving local businesses access to digital assets. - A USDC wallet that can be loaded with NGNC at the real exchange rate leveraging Stellars’ DEX. - A cheaper access to crypto and a yield feature using yUSDC and yXLM on Stellar. - Link to platform: https://linkio.africa/wavy (Product design for this is completed, development and launch would happen in Q1 of 2023)

API’s: LINK would provide a suite of API’s for businesses and developers to incorporate our products and services across the ecosystem.

- Existing FinTechs and competitors can leverage the fx protocol API to provide better rates for customers. - Launch could happen by Q3 this year in batches.