Stellar Community Fund

By CashAbroad

CashAbroad

SCF #14

$110.0K

Legacy v4.0 Award

Awarded

CashAbroad is the 1st smart platform to leverage the liquidity of B2B payments and family remittances to fund Public Goods.

Products & Services

CashAbroad is a smart network that funds public goods using small fees from family remittances and B2B payments. These fees are used to fund community projects like schools, hospitals, and community centers in the remittance senders' towns. We believe this approach will make a significant impact on these communities. To achieve this, we are taking the following steps: We are using Soroban to enable a smart contract that will distribute a percentage fee to the public good, recipient, and CashAbroad wallets. This smart contract will distribute the money via on-chain transactions to Stellar wallets. We are integrating Circle to enable B2B ramp on and ramp off methods such as bank card transactions and wires. This will provide higher amounts for businesses with cross-border payments and enable KYC for businesses. We aim to enable these features for the countries of Canada, the US, and Mexico to start with. We are integrating Stellar Anchors to enable instant family remittance payments with a convenient fee. With this integration, we aim to leverage payments for Argentina and Peru to start. We are continuing the design and development of the B2B functionalities of automatic payments, dispersion (mass payments), roles and approvals, invoice/request, accounting imports, accounts and sub-accounts, approval triggers, WhatsApp shares, and status.