ClosedCred

ClosedCred

Empowering seamless UPI payments with blockchain innovation.

Created on 2nd December 2024

ClosedCred

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 More
Sui

Sui

Consumer Track

ClosedCred bridges Web3 and traditional finance by integrating blockchain with UPI payments. This solution empowers cons...Read More
Base

Base

Autonomous AI Agents in Blockchain

ClosedCred could incorporate autonomous AI agents to optimize UPI-wallet mappings and payment routing. These agents woul...Read More

Nethermind

Consumer Applications

ClosedCred integrates blockchain with UPI payments, providing a secure, scalable, and efficient payment solution for con...Read More
Aptos

Aptos

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