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By CTX.com
Spend your XLM and USDC at thousands of physical and online stores.
This project will enable Stellar USDC and XLM to be spent at 100,000+ locations and hundreds of online stores. CTX.com CTX is a crypto payments processor, we have processed over $800k in payments and offer a web point-of-sale, merchant API, rates engine, hardware devices, nfc payment cards and more. This project will build on our experience, tech and infrastructure to create a new service for users to spend USDC & XLM across the US with plans to expand internationally following release.
Gift Card System The main part of this project is a comprehensive gift card procurement and delivery system. It will enable anyone to shop with Stellar in over 100,000 locations across the US as well as online at 100+ major retailers. For the in-store version, a user will be able to visit and make an order at their local Subway, Walgreens, Olive garden, GameStop and many other participating merchants. Once they are ready to pay they enter their total into the app, pay using XLM or USDC and receive a gift card for their exact amount with a barcode to display to the merchant to complete their purchase. Alongside the in-store solution will be one for online stores, allowing users to purchase gift cards from large online merchants. Additionally users will receive cashback in the form of a USDC credit to their account that they can withdraw or use towards a future purchase. This is an ambitious and high-value project with multiple moving parts including gift card procurement, user authentication, payment processing and cash flow handling for settlement, provided by user-friendly apps for all major platforms. We are an efficient agile team and through leveraging our existing systems we will be able to deliver a v1.0 at end of this cycle.
Adding Stellar support to the existing CTX.com payment processing stack We'll be adding multiple load balanced core nodes or horizon + captive core instances to our infrastructure to enable real-time transaction processing as well as extending our back-end systems accordingly. We'll also be updating our front-ends and related platform infrastructure to enable merchants to accept XLM & USDC.
Adding USDC & XLM to our rates engine To provide the conversion rates for 168 local currencies we source data from 14 different providers like Binance & Kraken. We can then calculate any route, even through numerous hops (e.g. XLM>USD>HKD) to create a composite after removing outliers to provide accurate current rates. You can view this API here: http://rates.ctx.com/ This API has served hundreds of millions of queries since 2019 with 99.99% up-time. This service is open to public use albeit rate limited and without guarantee. We're always happy to empower other developers and their applications to leverage real-time price data.
$88.2K
Ash Francis
No other submissions.