Stellar Community Fund

By Beans app

Beans app

SCF #15

$96.6K

Legacy v4.0 Award

Awarded

Beans is a super simple, free p2p payments app with healthy yield on your savings.

Products & Services

Beans is a non-custodial payments app that targets the general public, not just the crypto community. We offer seamless Stellar-based payments and plan to expand into user-friendly smart contract access for everyone. To achieve this goal, we are launching new products and services:

Beans check-out: We will extend our payment requests to web so that (Soroban) projects or webshops can integrate with Beans and use our cash (Moneygram) and bank on/offramps. At check-out, a project or webshop generates a "Pay with Beans" QR code through our public API. They can set the amount, currency, destination address, webhook callback, and optional memo. A Beans user scans the QR and pays with their preferred currency. Via webhooks, the project will know the payment has completed, offering an experience just like any other web 2 check-out!

User-friendly deposits: We have seen that users find external webviews scary. This is why we are looking to offer in-app KYC and deposits through SEP 6 and 12.

Beans for Bitcoin: Users will be able to deposit and withdraw native Bitcoin through an integration with Coinqvest BTC (SEP 6). This will allow users from the (large) Bitcoin community to use Beans as a Bitcoin payments app, buy BTC with cash, as well as "upgrade" their native Bitcoin to one that interoperates with Soroban smart contracts.

Send to phone numbers: By building on SEP 30, a user can send a payment that can be claimed by a new user during sign-up in a non-custodial way.

Integrate smart contracts: By integrating Soroban, we will be able to offer many new services. The first use-case we will integrate is recurring payments, which our users will be able to set up from within the app. To realize this, we will need to integrate with a .NET Soroban SDK. Currently, the elucidsoft SDK is implementing Soroban, but they said they're short on time. So we will research how to help contribute to this SDK and take the first steps towards a Soroban integration in Beans.