Photo - dePay Cash Inc.
58465

dePay Cash Inc.

UAE
Market: Financial services, Blockchain
Stage of the project: Operating business

Date of last change: 09.09.2022
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Idea

dePay is a 1-step checkout solution that permits anyone to buy any type of digital assets (Fungible Tokens, Non Fungible Tokens, Semi Fungible tokens) on Web3 platforms with a debit/credit card

Current Status

We launched our solution with our first commercial partner (Web3 platform) on August 30 2022. We have already signed 3 additional agreements with other 3 commercial partners. We have other 3 agreements in the course of finalization. We are integrating our solution with a pace of 1 integration per week

Problem or Opportunity

Purchasing a digital asset (FT, NFT, etc.) is pretty complicated today, especially for people who interact for the first time with Web3 platforms. It happens many times that you don't have sufficient funds in your wallet address, or you don't even have a wallet address of a specific blockchain. In that case you have to follow a long, annoying multi-step process to fund your wallet, connect with the Web3 platform and finally buy whatever asset or service

Solution (product or service)

dePay offers a 1-step automated payment solution which permits anyone to interact with Web3 platforms, buy digital assets in a few seconds with a traditional debit/credit card.
The dePay widget is integrated in the sites of our commercial partners

Business model

Revenues are generated by the fees paid by the user per each transaction and by the plans subscribed by our commercial partners for integrating our solution on their Web3 platforms
Costs are generated by the gas fees paid per each transaction for executing transactions on blockchains and by the fees paid per each transaction to our strategic partner who performs a 'KYC/OnRamp' service

Incubation/Acceleration programs accomplishment

ZilHive - the Zilliqa network incubator program
BNB Gas Fee Incentive program - the Binance network accelerator program
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