[BIG Wave IV] StableWallet - Cross-Border African Payments Solution

Project Overview

Project Name: StableWallet
Submission Date: December 19, 2024
Sector: Payments & Remittance
Requested Amount: $2,000

Founder

Ibrahim Abdulkarim
Fullstack Developer specializing in DeFi and open source projects with a passion for Web3 education

Connect with Ibrahim

Project Details

About StableWallet

StableWallet is a cross-border payment solution designed specifically for African countries. The project was conceived during the TBDEX hackathon and was subsequently presented to the organizers.

Demo: StableWallet Platform
Pitch: Video Pitch

Problem Statement

Africa faces significant challenges in cross-border transfers and cryptocurrency adoption:

  • Complex barriers to cryptocurrency access
  • Limited seamless transfer options between African countries
  • High fees and friction in existing solutions

Mission

Our mission is twofold:

  1. Expand currency support across African nations
  2. Enhance and streamline the African remittance network

Roadmap

  1. Q1 2025: Platform Development

    • Finalize the core architecture and design of StableWallet.
    • Develop and test the initial version of the platform with basic functionalities.
    • Conduct user testing and gather feedback for improvements.
  2. Q2 2025: Currency Integration

    • Integrate support for major African currencies.
    • Implement seamless conversion and transfer mechanisms.
    • Partner with local financial institutions for better reach and compliance.
  3. Q3 2025: Security Enhancements

    • Implement advanced security features to protect user data and transactions.
    • Conduct security audits and penetration testing.
    • Launch a bug bounty program to identify and fix vulnerabilities.
  4. Q4 2025: User Acquisition and Marketing

    • Launch a comprehensive marketing campaign targeting key African markets.
    • Onboard early adopters and influencers to promote the platform.
    • Provide incentives for new users to join and use StableWallet.
  5. Q1 2026: Expansion and Partnerships

    • Expand the platform to additional African countries.
    • Form strategic partnerships with remittance services and cryptocurrency exchanges.
    • Enhance platform features based on user feedback and market needs.
  6. Q2 2026: Continuous Improvement

    • Continuously monitor and improve platform performance and user experience.
    • Introduce new features and services based on emerging trends and technologies.
    • Scale the platform to handle increased user demand and transaction volume.

Conclusion

StableWallet aims to revolutionize cross-border payments in Africa by providing a seamless, secure, and cost-effective solution. By addressing the existing challenges in cryptocurrency access and remittance, StableWallet will empower individuals and businesses across the continent. Our vision is to create a unified financial network that bridges the gap between African countries, fostering economic growth and financial inclusion.

3 Likes

Moved the proposal to the grants category and assigned it to BIG Wave IV, which is currently ongoing!

Please create an on-chain proposal at https://app.rootstockcollective.xyz as well to be eligible.

1 Like

I saw it was moved and assigned, We also create the proposal
https://app.rootstockcollective.xyz/proposals/86960814643544847545478932810994232091938810492557017529523133247454605044200
please cast your vote for us!

1 Like

Thanks a lot! You love to see it!

1 Like