Global Mile

Global Mile

Crypto payments directly to FIAT bank account for users who don't care about crypto.

Created on 29th February 2024

Global Mile

Global Mile

Crypto payments directly to FIAT bank account for users who don't care about crypto.

The problem Global Mile solves

More than half of the whole working force on the planet doesn't care about crypto.

These people care about getting their hard earned money in their bank accounts so that they can cash it for their daily needs, so we have a gap between the crypto assets and more thatn half of the world population.

Plus, we found a big opportunity on an unexplored industry, the shipping services.
Every day, millions of packages are delivered all over the world through last mile delivery services. The companies running this section of the value chain work with inefficient processes, due to the lack of drivers and tech.

Using blockchain technology we can solve 3 main problems of the last mile value chain.

  1. Decentralize the drivers from the companies, allowing for a bigger task force to reduce the gap between supply and demand ensuring a greater amount of daily package deliveries.
  2. Immediate payments to the drivers delivering the packages.
  3. Using HTTP Outcalls from the Internet Computer we can deliver the payments to the drivers using under thee hood deposits directly onto their bank accounts, so that they never hear the "crypto word", onboarding them with a seamless experience.

Challenges we ran into

While building, one of the main challenges was the cross cannister calls from the Internet computer to bridge ERC-20s and sign transctions from the ICP Protocol into the Ethereum EVM with the ECDSA threshold. Also another challenge we had was the HTTP Outcall to call the web 2 app and connect with the CEX API (BITSO) to make the offramp directly through our dashboard after making the swap between Crypto to FIAT currency.

Tracks Applied (4)

Impact & Public Goods

We seek to build the best UX for the mainstream user to be onboarded into web 3. Getting their hard earned money directl...Read More

Build a Consumer Product

The best UX, so that last mile drivers can work on top of blockchain without the feeling they are on blockchain. This sy...Read More
Base

Base

Extending Ethereum with ICP

We are using cross cannister calls and ECDSA Threshold to automatically sign the transactions on ETH EVM through our ICP...Read More
Internet Computer

Internet Computer

Open Bounty: ICP is Awesome

ICP is awesome, we are using its technology to the fullest so that everything can run within the cannisters, accros bloc...Read More
Internet Computer

Internet Computer

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