4cash boosts micropayments. Sell, send and buy any kind of currency. 4cash as market maker is supporting mass adaption of crypto currencies.
4cash comes as 4cash.io for the B2C and as open API for the B2B market. Partners can easily connect via open API to 4cash. A test infrastructure is available on the rinkeby network. API Documentation can be found under www.doc.4cash.io.
B2C are the group of "mobile internet users" Market size for 2020: Switzerland, Liechtenstein, Germany, Austria, Turkey, Ukraine Size: 165.4 Mio. Users
Around 7 percent hold crypto currencies already in target markets.
Problem or Opportunity
The team of 4cash has the strong believe anybody has the right to use any currency, anytime, anywhere. As customers and merchants may see different currencies as their prefered currency it needs 4cash as market maker.
Solution (product or service)
4cash as market maker enables to switch between a basket of currencies.
How do we do it? Having internet access, B2C customers can pay their bills i.e. with bitcoin while the merchant receives CHF on bank accounts. No add on needed to install @ cash-systems of merchants. Easy book keeping with zero risk of rate devaluation.
3 Steps for merchant to start: 1.) Register with your mobile phone @ 4cash.io 2.) Enter your IBAN and BIC 3.) Ready to receive cash
Payment Process (CHF): 1.) Login 4cash.io 2.) Choose "Service Crypto to CHF" 3.) Enter amount in CHF 4.) Choose prefered crypto currency of customer 5.) Scan QR code of customer wallet 6.) Let customer scan Payment QR code 7.) Wait for status "payment received"
TWINT, PayPal, Worldline, bakkt, WU, MoneyGram
Advantages or differentiators
4cash is offering a B2B and B2C solution. With the 4cash API businesses can integrate i.e. CHF or EUR cashout bottons. 4cash offers a API test infrastructure @rinkeby.
2020 financial planning: - 0.3% profit margin - 12'000 users - user turnover 500 CHF/year - net profit <20`000 CHF