The problem CryptoPay solves

Problem:

• Today, we use cryptocurrencies as a mere tradable asset.
• With the rise of Stable Coins like the USDCoin have you ever wondered that a day will come when we start using them in our day to day life as a Mode of Payment?
• To make that happen, the main concern is ease of use and accessibility.
• Today, the applications that enable us to connect to blockchains are clunky and developer centric.
• For small businesses like shops and restaurants to really embrace payments through cryptocurrency, there needs to be a way to receive and track payments effectively.
• Thus, there is an express need for ways to connect to this world of cryptocurrency with ease and at lightening speed.
• And even better if we can carry it with us anywhere and everywhere through our mobile devices.

Solution:

• Our app CryptoPay, aims to bring transactions through cryptocurrency at your fingertips.
• CryptoPay provides you a way to easily send money to anyone, at the simple scan of a QR code.
• A remarkable feature of CryptoPay is implementation of Virtual Payment addresses. It enables users to send and receive money by just sharing a short customizable payment address, hence eliminating the need to memorize and storing the long public addresses of crypto accounts.
• While making payments, all you need to do is enter the amount in rupees and CryptoPay automatically converts the amount to the equivalent in Ether hence enabling you to make payments at lightening speed.
• You can store your accounts, view your balance and recent transactions along with the latest exchange rates.
• Hence, CryptoPay provides a platform for making cryptopayments easy and quick without the need of being a tech geek.

Challenges we ran into

• A great challenge was making the application UI simple and engaging. Making the UI intuitive to use was a big concern which took a bulk of the time.
• Implementation of Virtual Payment Address was another challenge as the customizable aspect of it creates the challenge of concurrency of data which needed to be handled very carefully.
• Synchronization of the data from various APIs needed to run the application was a tedious task.