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BitcartCC

USA, California
Market: Financial services, Blockchain, Crypto currency
Stage of the project: Operating business

Date of last change: 21.02.2022
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Idea

BitcartCC is a decentralized self-hosted open-source cryptocurrency all-in-one solution: payment processing and developer solutions, which has no fees for processing except for the network fees.

Current Status

As the solution is decentralized, we can’t know the exact number of users we have. Over the time there weren’t any unsatisfied users, and the oldest users of the project have agreed that our prospective plan would only help the project.
From the users we know, there are quite a few hosting resellers using BitcartCC (usually via the whmcs plugin), a few woocommerce stores, an offline cafe in Malta, a few online stores using only our store POS and even a big online crypto game project using BitcartCC as a basis for their payment processing and all blockchain operations (a game).

Problem or Opportunity

Currently there is lack of solutions that allow accepting crypto payments without any fees and dependence on third-party services. There are tons of services which would allow you to accept crypto payments, but usually the transactions are sent to the services’ custodial wallet, and only after charging some fee (sometimes even larger than in fiat payment processors) you receive your funds. This means that your funds could possibly be frozen by the service. Existing solutions to this problem are either not easy-to-use, have too high system requirements or don’t aim to be supporting high-loads.

Solution (product or service)

We provide a light-weight, but at the same time almost as secure solution as using full nodes, which targets both small and large businesses.
To accelerate development of blockchain applications, we provide developer SDK and web APIs
To accelerate creation of e-commerce stores we provide an easy-to-use admin panel which allows to manage unlimited number of connected stores, invoices and products. In case a merchant doesn’t have their own store, we provide a complete store POS, which can be also used in offline stores. Also there are plugins to integrate with existing e-commerce solutions.

Business model

We will keep an open-source project as a core, providing managed instance access based on the subscription model based on: the amount of stores, paid features, support priority and other factors with ability to bootstrap e-commerce stores with crypto payments, not changing payment processing flow. The money from the company will be forwarded to fund the open-source core development by hiring people to work full-time, adding new features. This will attract new users, which will register for the managed instance, increasing the monthly revenue and leading this to an infinite sustainable cycle.
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