The problem Pocket Bank solves

People usually face difficulties with onboarding on Decentralized protocols, we are integrating with Torus to simplify that for them. With a simplified version of a regular savings account, allowing users to deposit any of their tokens (limited to ones allowed on Compound) and the Dapp will convert their assets into DAI, so they can earn interest. Secondly, we have integrated with SendWyre, which will let users convert their fiat into an asset they wish in a secure manner. Our primary motive is to allow regular users to come onboard with DeFi in a simplified yet securely. The blockchain industry has a roaring potential, so the more users we have on board the better for blockchains adaptability.

Challenges we ran into

We faced challenges while integrating with SendWyre, because for an internal reason they only allowed bank accounts with American identities to use the protocol. However, we talked to their developers and figured that SendWyre was only available in the US for now.

Secondly, we faced a challenge integrating with Torus regarding the web3 integration, nonetheless, we overcame this challenge with the help of Toruss' is extremely friendly developers team.