Neda Pay
Stablecoin payments for you & your business.
Created on 29th April 2025
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Neda Pay
Stablecoin payments for you & your business.
The problem Neda Pay solves
- Before the project, merchants on often struggled with integrating and accepting multiple local stablecoins, often facing complex technical setups and fragmented payment processes as well as traditional high costs with card acceptances. Neda Pay solves this by providing a unified platform that simplifies all local stablecoin payments on Base—merchants, businesses and creators can now accept all local stablecoins seamlessly, generate payment links, create invoices, and track business performance in real time as well as swap into their preferred currency having integrated Aeredrome. This means that merchants and users can swap between USDC, IDRX, cNGN, ZARP, TSHC (soon) and all other base local stablecoins in one click This streamlines operations, reduces technical barriers, and offers a user-friendly experience compared to existing solutions, empowering businesses to adopt crypto payments effortlessly while gaining actionable insights to grow.
- Another challenge is merchants don't posses the tools to accept stablecoins and generating payment links tied to their wallet helps solve this where they can share the link to their customers with set amount and description and customers can pay. Furthermore, on/offramp rails are a challenge for many merchants and agents and we have a limited open environment for testing on mobile money (M-Pesa).
Challenges we ran into
One of the major challenges I faced:
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RPC loading issues. At times RPC endpoint calls were instant, sometimes takes a while to fetch info such as past transactions. Added fallback RPC URLs and solved it.
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Lack of on/offramp rails for Tanzania & East Africa. The ideal scenario would be merchants & agents accepting stablecoins and them being credited directly as fiat to their mobile money / bank account. We have had some few test users and they have loved the product, in fact ,have had customers asking about paying in crypto before and wondered if it was possible to get it directly to their bank accounts. However currently, there are no existing rails yet despite having one of the highest P2P numbers on other exchanges. We are looking to build this Onchain P2P rail as part of our V2 that would enable this.
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Integrating the local stablecoins decimals from Aeredrome. Some stablecoins such as USDC, IDRX, CADC, ZARP work fine, however I found challenges with other stablecoin decimals such as cNGN, however I reached out to the team and confirmed the decimals for me.
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Succesfully integrated basenames, but for some reason my basename wasn't showing up on Chrome Browser (only ENS), while on Brave browser it works fine for others as well.
On Brave
On Chrome
Tracks Applied (1)
Stablecoins
Technologies used