ClosedCred
Empowering seamless UPI payments with blockchain innovation.
ClosedCred
Empowering seamless UPI payments with blockchain innovation.
The problem ClosedCred solves
ClosedCred is a payment platform seamlessly integrating Web3 and decentralized finance (DeFi) with Unified Payments Interface (UPI) transactions. The platform enables effortless sending and receiving of cryptocurrencies, including microtransactions comparable to UPI transactions. Utilizing stablecoins such as USDC on the Sui, Aptos and Base network. Users can execute micropayments seamlessly, via UPI's existing QR codes.
Challenges we ran into
While building ClosedCred, we faced challenges in integrating WebAuthn as an external authenticator for biometric authentication (fingerprints) and integrating Web3Auth with Firebase for account abstraction to add social logins. We developed a custom authentication flow that bridged the gap between Web3Auth and Firebase.
Tracks Applied (4)
Common Pool
ClosedCred enhances decentralized UPI infrastructure, contributing to a common pool of innovative blockchain-based micro...Read MoreSui
Consumer Track
ClosedCred bridges Web3 and traditional finance by integrating blockchain with UPI payments. This solution empowers cons...Read MoreBase
Autonomous AI Agents in Blockchain
ClosedCred could incorporate autonomous AI agents to optimize UPI-wallet mappings and payment routing. These agents woul...Read MoreNethermind
Consumer Applications
ClosedCred integrates blockchain with UPI payments, providing a secure, scalable, and efficient payment solution for con...Read MoreAptos
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