The problem OpenWallet solves

Openwallet is an open-source wallet with the aim to bridge the gap between the cryptocurrency world and common masses, it does so by reducing the complications of the blockchain world and providing fiat like environment to the people in a highly secure way.
The project currently is capable of:-

1. Transacting/Sending Stable coins with Phone Numbers in a secure manner instead of using complex addresses.
2. Support for fast side chain(Matic) to make transactions safer and faster.
3. Use of stable Coins (currently custom tokens named moon are used as DAI is not available on ropsten, the address is given at the end) to assure users that their funds will not be subjected to rate fluctuations.
4. Support for fiat to crypto interface with easy KYC.
5. Support to check transaction history using the registered mobile number.

Future work needs to be done:-

1. Passing of extra information with a transaction using end to end encryption.
2. Use of some login methods like torus for easy accessibility to the wallet or custom login using private transactions of enigma.
3. Using password-protected QR code instead of mnemonics.
4. Withdrawal to fiat(Can not be added before moving to main net.

Challenges I ran into

Bringing in so many technologies together was one of the biggest challenge.