Smart Pay
Increase Crypto wallet security by allowing website interactions, without having to provide ERC20 Allowances.
Created on 10th December 2023
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Smart Pay
Increase Crypto wallet security by allowing website interactions, without having to provide ERC20 Allowances.
The problem Smart Pay solves
Introducing a seamless payment solution where trust meets convenience. Imagine making payments without sharing access or worrying about safety.
With our innovative system, you can securely pay without the hassle of allowances or connecting wallets, giving you peace of mind every time you transact.
The current process for ERC20 token payments on websites involves multiple intricate steps, creating friction for users. To complete a transaction, users must navigate to the website, establish a wallet connection, and grant ERC20 token allowance to the app for payment. This convoluted process poses barriers, leading to usability issues and concerns around security and user trust.
Introducing a groundbreaking solution to streamline ERC20 token payments: Trust Wallets, acting as secure intermediaries that never store any tokens.
Our approach involves partnering with websites to establish collection accounts within our system. Websites seamlessly integrate these accounts, simplifying transactions by allowing users to connect directly to our Trust Wallets.
This innovative system ensures enhanced security, eliminates the need for token storage, and optimizes the payment process for a seamless user experience.
Challenges we ran into
Time limit was the biggest hurdle we had, plus rapid prototyping visual editor would increase the speed of development a lot
With further development we wish to create a incredable project
Tracks Applied (10)
Arbitrum Track
Arbitrum
Polygon Track
Polygon
The Graph Track
The Graph
Celo Track
Celo
Airstack Track
Airstack
Alliance Track
Alliance
Mantle Network Track
Mantle Network
MetaMask Track
MetaMask
ZetaChain Track
ZetaChain
Scroll Track
Scroll
Technologies used
Cheer Project
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