BasedApp is a self-custodial wallet and payment platform that enables users to spend, send, and invest cryptocurrencies through Visa debit cards accepted by over 70 million merchants worldwide. The app simplifies crypto transactions by allowing seamless on-chain transfers and automated recurring investments, addressing the complexity and accessibility issues faced by users in the digital asset space.
Funding
Funding not disclosed
Founders
Product
Problem
Users face complexity and accessibility issues when trying to spend, send, and invest cryptocurrencies, often requiring multiple platforms and creating a fragmented user experience. Traditional methods lack seamless integration between on-chain transfers and real-world spending, hindering wider adoption of digital assets.
Solution
BasedApp provides a self-custodial wallet and payment platform that simplifies cryptocurrency transactions by enabling users to spend, send, and invest digital assets through Visa debit cards accepted at numerous merchants. The platform facilitates seamless on-chain transfers and automated recurring investments, addressing the need for a unified crypto finance solution. Users can manage their digital assets, make payments, and access investment vaults directly within the app. Account Abstraction enhances security and ease of use, while features like usernames and QR codes streamline sending and receiving crypto.
Target Audience
The primary target audience includes cryptocurrency users seeking a user-friendly platform for managing, spending, and investing their digital assets, as well as individuals looking for a seamless way to integrate crypto into their daily financial activities.
Features
- Visa debit cards (Standard, Gold, and Cloud) for spending crypto at merchants worldwide
- Self-custodial smart contract wallet powered by Safe, ensuring user control over funds
- Seamless login via Google, email, or wallet, eliminating the need for seed phrases
- 1-Click Transactions for batching transactions and signing only once
- Recurring Swaps (Dollar-Cost Averaging) for automated crypto investments
- Investment Vaults for earning yield on USDC through protocols like AAVE and Compound
- Based Rewards program for earning points on spending and recurring swaps
- Support for multiple cryptocurrencies and stablecoins
- AML compliance powered by Cube3