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By MugglePay: Stripe for Stellar
Help merchants accept crypto on Stellar through autoswap smarts contract built on Soroban. (e.g. pay-in XLM, pay-out USDC)
Product - : MugglePay is a cryptocurrency payment gateway designed to assist merchants in accepting cryptocurrency payments. The product consists of payment software development kits (SDKs) integrated with various e-commerce platforms like WordPress, Shopify or WooCommerce. Additionally, it is powered by autoswap smart contracts on the Soroban blockchain.
Yes
$28.0K
We will have merchants start accepting Stellar payments (e.g. AI Agents, E-Commerce Shop). Micropayments are essential for cross-border focused blockchains for Stellar because Stellar enables low-cost, fast transactions, which is crucial for financial inclusion. Stellar's infrastructure allows individuals and small business to pay in cryptos. Using Soroban smart contracts, these payments can be automated and scaled, supporting more complex use cases like programmable payments. This combination provides a powerful solution for global commerce and financial access.
1. Marketing: Announce the release of MugglePay supporting Stellar assets (XLM, USDC) on official media channels such as Medium, Twitter, Telegram, and YouTube. Feature the release of Stellar Payment products on prominent media platforms to drive user engagement. such as Yahoo Finance, CoinDesk etc. 2. Campaign: Provide exclusive campaign support for Stellar Early adopter. Offer a 5%-10% discount to users paying with Stellar. 3. Referral program: A referral program is established to incentivize existing users to invite new merchants and users to join the platform.
Brief description: design the product of payments on Stellar / Soroban, including UI, Frontend on the product side, and the data structure schema design of the backend and the contracts. The design should support the payment through wallets like LOBSTR, and integration with SoroSwap. How to measure completion: design deck of Stellar Payment UI, and the tech design deck of contracts built on Soroban Estimated date of completion: Oct 7th Budget: $6,000
Brief description: We support auto-exchanging, allowing automatic conversion of crypto payments such as Stellar XLM into stable tokens like USDC. This process effectively reduces the risk of volatility. With the auto convert feature, merchants can eliminate the potential volatility risk that comes with accepting volatile currencies assets. How to measure completion: integration of auto swap contracts on Soroban (SoraSwap). Estimated date of completion: Oct 30th Budget: $12,000
Brief description: End to end integration. Launch the payment plugin to support XLM, USDC-Stellar payments on commonly used e-commerce platforms such as WooCommerce and Wordpress, enabling seamless acceptance of Stellar payments by merchants. How to measure completion: payment plugin launched in Wordpress app store, which supports XLM, USDC Stellar payments. The user interface is where merchants can select to accept Stellar in the WordPress. When users purchase items from the merchant's store, they will see the option to pay with Stellar and can proceed to the payment page to pay with Stellar. Estimated date of completion: Nov 20th Budget: $10,000
We have 4 people working on this project, 3 developers and 1 non-development members, we are all full time. Shawn and Sky have been working for 5 years. Shawn is responsible for the technical aspects of MugglePay. He graduated from Stanford with a degree in Computer Science and has four years of experience in Fintech, along with three years of experience in blockchain technology. He previously worked at Twitter, where his focus was on enhancing advertising revenue for numerous merchants on Twitter ads. Shawn is also the winner of the Paypal hackathon. He possesses extensive expertise in building on various blockchains and managing millions of on-chain transactions.
Sky is responsible for product design and user acquisition. She graduated from the Capital University of Economics and Business in China and has been working in Fintech startups for more than 4 years. She used to work at Tron Network, and was the founder of Zhixing Lab and co-founder of Chainsights.
Shawn Yu
No other submissions.