Paydece is a decentralized peer-to-peer payment platform that enables users to buy and sell cryptocurrencies directly with fiat currency, utilizing an audited EVM smart contract for secure transactions. This platform eliminates intermediaries, ensuring users maintain full control of their funds while facilitating 24/7 global operations.
Funding
$600K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional cryptocurrency exchanges often act as intermediaries, requiring users to relinquish control of their funds during transactions. This introduces counterparty risk and potential vulnerabilities, while also limiting access for users seeking direct peer-to-peer (P2P) interactions.
Solution
Paydece is a decentralized P2P platform that enables users to directly buy and sell cryptocurrencies with fiat currency, leveraging an audited EVM smart contract to ensure secure transactions. By connecting self-custodial wallets, users maintain complete control over their funds throughout the entire process, eliminating the need for intermediaries. The platform facilitates 24/7 global operations, allowing users to operate without barriers from anywhere in the world. Paydece also offers a widget solution to integrate its P2P functionality into various wallets, DEXs, and web pages, creating a shared liquidity market for all connected platforms.
Target Audience
Paydece primarily targets cryptocurrency users seeking a secure, decentralized, and peer-to-peer method for buying and selling cryptocurrencies with fiat, as well as Web3 platforms looking to integrate a decentralized fiat on/off ramp.
Features
- Audited EVM smart contract for secure and transparent transactions
- Self-custodial wallet integration, ensuring users retain control of their funds
- 24/7 global accessibility, enabling transactions from anywhere in the world
- P2P marketplace facilitating direct interaction between buyers and sellers
- Widget integration for wallets, DEXs, and web pages
- Support for USDC and other cryptocurrencies
- User verification options
- Telegram bot notifications for transaction updates