Stellar Community Fund

By Planet Pay

Planet Pay (ex-Stellar Flow)

SCF #21

$96.0K

Legacy v5.0 Activation Award

Awarded

No code/Low code workflow builder for Stellar Classic & Soroban

Products & Services

Note: please make sure you read our technical architecture document; this section gives you an overview only.

Planet Pay is a B2B solution that leverages ScaleMote’s experience and cultivated business relationships to offer robust and battle-tested integrations with: Anchors (Anclap, MYKOBO, Alfred Pay, nTokens, etc.), Other B2B providers (Blox, Pomelo, Persona for KYC, etc.), Stellar solutions (such as Recovery Platform, Disbursement Platform and Anchor Platform) and Other SCF projects (both Soroban & Classic).

Besides the optional white-label wallet, which is plug-and-play, businesses can use the Planet Pay API to manage and access their integrations. Because ScaleMote is a service provider, Planet Pay will be offered in a DIY model (Saas) or DIF (do-it for me), where ScaleMote builds the integration for the business. This business model ensures Planet Pay does not require continued support from the SCF to operate.

As part of Planet Pay's offering, we are also launching an onramp service in Australia to onramp AUD and convert them into Novatti's AUDD, Circle's EURC or Circle's USDC.

Problem: Slow speed-to-market and high cost

We have seen the same pattern: Entrepreneurs who want to play in the Fintech space or want to offer embedded finance have to do the same integrations; these integrations are slow and require thorough verification that everything works as expected before going to production and end up costing tens of thousands of dollars in software development effort.

Planet Pay allows entrepreneurs to build their fintech infrastructure by selecting the integrations they want for Onramp, Offramp, KYC, Physical and virtual Cards, and other Stellar Projects (both for Classic and Soroban). The work we've done under the "Stellar Flow" project is now a subset of Planet Pay, catering to complex workflows or integrations (see more details in our technical architecture document).

As part of the infrastructure setup, entrepreneurs can choose other modules, such as SDP for mass disbursements and the Anchor Platform to issue their assets.

Finally, entrepreneurs can launch their project with a white-label SEP-30-compliant wallet, which can be registered as an SDP provider.

Advanced features

With Planet Pay, companies can operate multiple anchors in a single region (Anchor Clusters) to: Drive better service through competitiveness. Backup operations. If an anchor is down, another one can replace it. Rate comparison, the anchor with the best rate gets selected automatically.

Our first-class integration with Stellar Classic (e.g. Ultrastellar for yUSDC) and Soroban (e.g. Soroswap) means that companies can unlock the power of DeFi and provide innovative financial products by selecting other community projects from the list.

Our advanced workflow tool would allow, for instance, to listen for payments on a customer account and immediately balance the incoming USDC, keeping 50% in cash, 25% swapped to yUSDC and 25% entered as liquidity on SoroSwap.

Dogfooding: Building the first MVP on top of Planet Pay

"Eating your own dog food, or 'dogfooding', is the practice of an organization using its own product internally."

The first product we will build is a wallet that does remittances between Australia and Argentina. Onramp AUD to AUDD, USDC or EURC and offramp ARS.