Stellar Community Fund

By Globachain

Globachain Payment Ecosystem

SCF #29

$49.5K

Legacy v5.0 Activation Award

Awarded

On and off ramps for individuals and businesses; Merchant services and cross border payments for businesses; All on Stellar.

Products & Services

GlobaChain is revolutionizing access to cryptocurrency in fragmented markets with our blockchain-powered payment ecosystem. Addressing the need for a seamless, low-cost on-ramp/off-ramp fiat and local currency exchange in emerging and established markets, our solution overcomes the barriers to cryptocurrency adoption and usage. Licensed as a VASP, GlobaChain facilitates secure, efficient transactions across the UK, Europe, and 16 African countries. Our aim is to onboard the next 100 million users into the crypto economy through our Dapp, offering significantly lower fees than conventional exchanges. By targeting fractionalized markets where payment systems are highly segmented, GlobaChain not only simplifies but also democratizes access to cryptocurrencies for users in underserved regions, making the digital economy truly global and inclusive.

Our suite of services provide alternatives to the familiar rigid traditional financial services, services including cross border payments, on-chain investments, staking/interest. We are the link between trad-fi and defi allowing our customers to swap on-chain digital assets for fiat currency, this is a crucial area within the disruptive world of blockchain and digital assets.

We have also built a merchant payments to enable in-store crypto collection, which is tailored to the Nigerian, Ghanaian, and South African Markets. In these markets it is very difficult to: A) Make payments easily due to the fragmented nature of the banking system B) Get access to foreign currencies due to the liquidity crisis C) Access low-cost payment services for merchants.

We will be servicing on and off ramps directly on Stellar, and utilizing the low-cost, fast deposit nature of the blockchain. We chose Stellar because it is a network optimized for payments. Being a PoA, the Stellar network is faster, cheaper, and far more energy-efficient than many other blockchains. Its core design makes it easy to create and issue digital assets that enable rapid payments at low-cost around the world.

Requested Budget

$49.5K

Team

The team exhibits a well-rounded and synergistic dynamic, blending visionary leadership, technical prowess, operational excellence, and legal expertise:

Visionary Leadership: Cairon Clarke, our CEO, guides the overall strategic direction of the company. His forward-thinking approach and deep understanding of the blockchain landscape help align the team’s goals with market opportunities. Cairon’s active involvement in community projects, as reflected on his GitHub profile, underscores his commitment to innovation and transparency.
Technical Excellence: With Oluchi Charity as CTO, the team benefits from her strong technical background and hands-on experience in blockchain development. Her contributions on GitHub demonstrate a deep commitment to building robust, scalable solutions, ensuring that our platform stays at the cutting edge of technology.
Operational Efficiency: Kola Andoyi, the COO, provides the operational backbone that drives execution. His expertise in managing day-to-day operations ensures that strategic initiatives are implemented effectively, maintaining alignment across the team and optimizing processes to support rapid growth.
Legal & Compliance Strength: Zeeshan Uppal, serving as CLO, offers crucial oversight on regulatory matters and legal strategy. His guidance helps navigate the complex legal landscape of the blockchain industry, ensuring that the company’s operations remain compliant and secure.