how i incorporated feedbacks

Technical Architecture

 • Why does Kript need to run a Horizon instance on its own servers at this stage? How will BTC and ETH be converted to USDC on Stellar?

answer

-We have changed our approach instead of running a horizon instance which is more resource intensive we will be connecting to publicly available/setup Horizon

Deliverable and Budget

 • For deliverable 2 how will on/off ramps to banks work? With which countries and which banks will this part of the service be available?

answer

-on/offramp work by integrating banks API for example if a user receives a checkout of $100 USDC after swapping the crypto for cash via a local exchange we use banks API to move the move from our wallet to bank.

we help crypto merchants/ businesses connect to onramp and offramp liquidity

product is  available in Nigeria,  currently integrating  mobile money in Ghana and expand to the rest of Africa as soon as we can

Team and Experience

 • Submission is as an individual, but Blueloop (blueloop.app) looks like it is responsible for Kript, and submitter appears to be an employee at Blueloop, but also CEO of Kript? Ideally would want some clarification on this along with who the developers will be.

answer

- I was one of the founding employees of blueloop, and currently transitioning to my crypto wallet infrastructure/checkouts  company kript as cofounder and CEO . Whilst i was full time there my product powered a couple of our crypto services and still powers it as long as with other small crypto startups. And yes product and development belongs to me and i am building and handling all developments with my team of engineers also feel free to email and confirm this company@blueloop.app.

The total expected Roadmap is 1 month in total we need $35k 

the total budget will cover cover developers fee, SRE, legal

Ayomide Lasaki- founder/CEO

With an impressive track record spanning 5 years in the dynamic fintech and web3 industries, I am a highly skilled marketing and growth manager, currently spearheading the development of a cutting-edge API infrastructure company designed to change the way crypto businesses make and accept payments.

My extensive experience in the fintech sector has equipped me with a deep understanding of the unique challenges and opportunities within this rapidly evolving landscape. I have consistently demonstrated my ability to develop and execute innovative marketing strategies that drive user acquisition and growth . By leveraging data-driven insights I have successfully launched and scaled multiple fintech products, resulting in significant growth

My expertise in product development, coupled with my  understanding of user behavior and preferences, has enabled me to optimize conversion funnels and implement effective growth hacking techniques that have consistently exceeded performance targets.

i also have expertise in lead generation, product positioning, content marketing, and executing buyer journey-focused strategies. Proven success in accelerating business growth through data-driven paid social campaigns. With a background in data analysis driving profitability

https://www.linkedin.com/in/ayomide-lasaki-1208b6172

Ademola Abisayo: CTO/Cofounder

A high Proficient in backend development. Adept at designing and implementing secure, efficient, and reliable backend systems. Demonstrates a proven ability to deliver high-quality code and innovative solutions in fast-paced environments.

Skills and Expertise:

• Programming Languages: Proficient in JavaScript (Node.js), Python, and Golang.
• Web3 Technologies: Extensive experience with Ethereum, Solidity, smart contract development, and integration with decentralized applications (dApps).
• Blockchain: In-depth knowledge of Stellar blockchain, including Stellar SDK, Horizon API, and Stellar Core.
• Databases: Expertise in both SQL (PostgreSQL, MySQL) and NoSQL (MongoDB, Redis) databases.
• API Development: Skilled in designing and developing RESTful APIs and GraphQL endpoints.
• Security: Strong understanding of blockchain security principles, encryption, authentication, and authorization mechanisms.
• Cloud Platforms: Proficient in AWS, Azure, and Google Cloud for deploying and managing applications.
• Version Control: Experienced in using Git and GitHub for version control and collaboration.
• CI/CD: Knowledge of continuous integration and deployment practices using Jenkins, Travis CI, or GitLab CI.

http://linkedin.com/in/ademola-abisayo-paul

Frontend Engineer

Peter Ademokai

A proficient and innovative Frontend Engineer with over 6 years of experience in creating dynamic and responsive web applications. Specialized in Web3 technologies and with a strong ability to integrate frontend interfaces with blockchain systems. good at utilizing modern frontend frameworks and libraries to deliver seamless and intuitive user experiences. Known for producing high-quality code and collaborating effectively with backend teams.

Skills and Expertise:

• Programming Languages: Proficient in JavaScript, TypeScript, HTML5, and CSS3.
• Frontend Frameworks: Extensive experience with React.js, Angular, and Vue.js.
• Blockchain: In-depth knowledge of Stellar blockchain, including integration with Stellar SDK and Horizon API.
• State Management: Expertise in using Redux, MobX, and Vuex for state management in large-scale applications.
• UI/UX Design: Strong understanding of user interface design principles, user experience optimisation, and responsive design.
• Tools and Libraries: Proficient in using tools like Web pack, Babel, and npm/yarn for build and package management.
• API Integration: Experienced in integrating RESTful APIs and GraphQL endpoints.

https://www.linkedin.com/in/shox-adomokai?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app

Me and Sayo are currently the founders of kript, I founded the project when as a founding employee with blueloop and Sayo built the entire backend, intergrations and neccesary APIs

We worked with a frontend engineer Peter to build the frontend and integrate the backend API for the product

We have built and have worked together in crypto and web3 for years!

Kript is a crypto infrastructure that allows merchants and businesses accept payments using crypto checkouts, access crypto swaps, onramp and offramps.

Problems that kript solves:

1. Merchant Payments:

Kript allows merchants to generate payment checkout links that enable users to pay using crypto and offramp directly to their banks.

Our solution for stellar

Kript would  enable direct stellar  USDC payments via  generating a checkout links  i.e if a merchant wants to receive payments, they can generate a link to receive payment directly in USDC(stellar), and offramp the USDC instantly to banks ,merchants can either opt for instant offramp to bank or manual offramps from USDC to banks  seamlessly at no cost.

When a customer makes a payment in non stables  using the checkout link, Kript automatically converts the received cryptocurrency (e.g., BTC or non stable coins ) into Stellar USDC, ensuring price stability for the merchant.

This use case simplifies the payment process for merchants, expands their customer base to include cryptocurrency users, and reduces the costs and delays associated with traditional payment methods.

Kript  crypto checkout links would  users to receive cross-border payments using Stellar USDC , enabling fast and low-cost remittances. 

Kript handles the conversion of Stellar USDC to the recipient's local currency and off ramps the funds directly to their bank account.

By using Stellar's blockchain, Kript bypasses the intermediaries and high fees associated with traditional remittance services, making the process faster, cheaper, and more accessible to people.

This use case is particularly beneficial for migrant workers, expatriates, and businesses with international operations, as it streamlines the remittance process and reduces costs.

Benefits:

1. Financial Inclusion: Kript's  promotes financial inclusion by enabling businesses to accept payments from customers who may not have access to traditional banking services.

2. Lower Transaction Costs: Stellar's low transaction fees can help businesses save on costs associated with traditional payment methods, especially for cross-border transactions.

3. Faster Settlement: Stellar's fast transaction speeds allow for quicker settlement of payments, benefiting both businesses and their customers.

[Deliverable 1]

Integrate the Horizon API and SDK

-The horizon SDK would allow

-Creation of  stellar account/wallets

-Onchain  deposits  USDC(stellar)

-Onchain deposits for XLM

-Onchain withdrawals 

-query XLM account balance/ history

How to measure completion

a staging account and login will be provided for the reviewer @ demo.kriptup.io to test all the features listed above.

a fully live demo will also be provided for all the features

reviewer will be able to deposit , send out and check wallet balance/ history

Estimated date of completion:  29/05/2024

Budget: $15,000

[Deliverable 2]

After integrating Horizon SDK for connecting to the stellar network we will

Integrate banks API to connect to wallet for onramp and offramp(ramps happen by connecting to a local exchange API to onramp and offramp crypto seamlessly , after swapping crypto to cash we use the banks API to facilitate transfers )

build an integration to connect XLM/Stellar USDC to checkout links for receiving payments

- USDC(stellar) to  direct bank account  off ramps

- non stables to USDC(stellar) swaps

-USDC(stellar) payment checkout links generation

-build an Integration to allow merchants connect to Kript API to generate USDC wallet addresses for their paying customers

How to measure completion

a staging account  and login will be provided @  demo.kriptup.io for the reviewer to check all the features listed above

Estimated date of completion:     05/06/2024

Budget: $16,000

[Deliverable 3]

Legal/ compliance checks

For this deliverable we would consult with a legal consulting firm on regulatory requirements, compliance with local laws and all necessary  KYC/AML requirements

Estimated date of completion: 09/06/2024

Budget: $4000