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By Wellspring
RampMeDaddy is integrating Stellar Passkey Smart wallets directly into Telegram, offering a seamless user experience with Face ID for creating and managing self-custodial wallets. This allows us to provide each user with a unique wallet to hold funds and send low-cost, global peer-to-peer payments using USDC.xlm—all within Telegram. Our mission is to empower underbanked regions and revolutionize international remittances, leveraging Telegram’s global reach of over 1 billion users.
We are building out Stellar Passkey Smart wallets integrated into Telegram, allowing users to easily hold and access USDC.xlm in self custodial wallets simply through Face ID. This will make peer-to-peer payments more seamless and accessible, with low fees and fast transaction times on Stellar. The Passkey integration will streamline the onboarding process for creating a Wallet and enhance the user’s experience operating the wallet by removing the “crypto complexities” associated with wallet management.
We are building our product on top of the Stellar blockchain to specifically utilize the Passkey Smart Wallets on Soroban and the network of Stellar Anchors, which will have a significant impact on the user experience and overall operations of RampMeDaddy.
Yes
$150.0K
In the short term, success means rapidly scaling RampMeDaddy to tens of thousands of users by Q1 2025, who will rely on the platform to send global payments seamlessly via Telegram. This will result in the creation of tens of thousands of active Stellar Passkey smart wallets, which are foundational to providing users with secure and accessible USD accounts. By achieving these milestones, we aim to generate significant transaction volume, driving early adoption of our platform.
In the long term, success looks like RampMeDaddy becoming the go-to payment app for global transactions across multiple social media platforms. Our target is to onboard 100,000 users into Stellar Passkey wallets by the end of 2025, which we anticipate will drive $10M in USDC.xlm on-chain and facilitate $100M in transaction volume. The impact extends far beyond these numbers, as we will be expanding financial access to millions of people, especially in underbanked regions. By providing USD accounts via Telegram, we can help users in these areas connect to the global financial system, bridging the gap between traditional banking and modern digital currencies.
Ultimately, RampMeDaddy’s long-term vision is to empower millions of users globally, making payments as simple and intuitive as sending a message, and offering financial services to populations that have historically been excluded from the system.
Our go-to-market strategy leverages Telegram’s massive global user base of over 1 billion monthly users. Marketing directly within Telegram has proven highly effective, with access to thousands of crypto-focused channels for targeted outreach. Additionally, we’ll partner with hackathons and universities to engage younger, tech-savvy, and international populations who can benefit from global payments. This will help us identify key markets where RampMeDaddy gains traction, allowing us to optimize our paid marketing campaigns.
After conquering a sufficient market share of Telegram, we will be pursuing other messaging / social media platforms to deploy RampMeDaddy on.
Traction and Evidence Doc: https://docs.google.com/document/d/1ijVv0C-RGzjx1asVQGV-L0s3OSKHur35jpDfa6WMkc0/edit?usp=sharing
Goal: Complete the development of our MVP, integrating Stellar Passkey Smart Wallets within the RampMeDaddy Telegram app. This integration will ensure that Stellar Passkey Smart Wallets work seamlessly, allowing RampMeDaddy to create wallets that users can easily claim using Face ID. Completion Criteria:
Goal: Integrate the functioning RampMeDaddy app MVP into Telegram and successfully complete transactions on the Stellar testnet. This step ensures that the entire transaction process, from wallet creation to USDC transactions, operates smoothly within the Telegram environment. Completion Criteria:
Goal: Officially launch the fully integrated RampMeDaddy Telegram app on the Stellar mainnet, making it publicly available for real-time global payments. This stage will confirm that all features are fully operational, providing a secure and seamless experience for users to transact directly within Telegram. Completion Criteria:
RampMeDaddy’s team consists of three co-founders who were early members of iTrustCapital, the largest Crypto IRA platform in the U.S., where they helped grow it into a $1.3B unicorn with over $4B AUM and 50,000 users. We’ve extended our team by 4 to include members with backgrounds from Acorns, Amazon, and BNY Mellon. With RampMeDaddy, we’ve won the Consensus 2024 Hackathon, completed the Stellar Kickstart Camp (receiving the Kickstart Award), completed University of Southern California’s Venture Accelerator and most recently finished the DraperU and Stellar Astro Hacker House accelerator program. Our founders have first-hand experience with the pain points of international payments and we have the experience and knowledge of building a successful fintech startup before, giving us the perfect opportunity to make RampMeDaddy a powerhouse.
Trevor Hoffman
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