Project Name
RUPI - Enabling crypto payments system for Indian merchants and customers.
Application type
[Bounty, Investment]
Proposal overview
India has currently the highest internet users for payments and crypto is booming. Users are looking to do payments in crypto.
There is no single platform to give access to the users, where they can buy their daily needs items, restaurant bills, subscriptions, etc in cryptos.
We as crypto developers want to solve this problem by building an interface layer and complete payment system with easy to transfer and cashout features with the help of partners.
For the transactions of payments, we want to build on Harmony because it supports EVM and gives faster transaction support with fewer fees. This will allow users to send their funds faster and in a decentralized manner.
Team
[Tahir Ahmad - CEO and Co-founder, Experience in many DApps development, GitHub: tahirahmadin (Tahir Ahmad) · GitHub]
Proposal ask
$50,000
Justification
We are looking for this initial fund for product development and for initial liquidity for dex launching. So that we can get users from the community and merchants on board for the first run of the product.
Metrics for success
In the next 6 months, we are targeting to onboard at least 10 big merchants and at least 20,000 customers as metrics of success.