The problem CypherPay solves

Crippling fees and convoluted processes hinder international transactions, limiting financial freedom. Our mission: revolutionize payments, eliminating barriers, fostering global economic empowerment.
In the realm of international transactions, exorbitant fees and complex processes act as formidable obstacles, constraining financial freedom and hindering economic growth. Our resolute mission is to spearhead a revolution in payments, dismantling these barriers and nurturing global economic empowerment. By streamlining transactions and eradicating excessive charges, we aim to facilitate seamless financial interactions worldwide, ensuring that individuals and businesses can thrive in a borderless, interconnected global economy.

Challenges we ran into

Challenges Faced during creation of this project includes :
Currency Exchange Rates: Fluctuating exchange rates can affect the value of transactions, making it difficult to provide stable and predictable financial services, especially for businesses dealing with multiple currencies.
Security Concerns: Ensuring the security of financial transactions is paramount. Developing robust encryption methods and secure networks to prevent fraud and data breaches is a continuous challenge.
High Gas Fee Challenge : High gas fees, a significant challenge in blockchain-based systems, impede the seamless functionality of decentralized networks.
Strategic Liquidity Management : Strategic liquidity management is a pivotal challenge in the realm of crypto payments, significantly impacting the efficiency and stability of financial transactions within decentralized networks.