Funding
Funding not disclosed
Founders
Product
Problem
In today's globalized economy, individuals and businesses face challenges when conducting cross-border transactions due to varying currencies, high exchange rates, and limited access to digital payment solutions, especially in emerging markets. Existing payment platforms often lack comprehensive support for both local currencies and digital assets, creating friction and barriers to seamless international commerce.
Solution
Payfric is a Web3 payment platform designed to streamline local and global digital asset transactions, offering a unified solution for currency exchange, account funding, and secure payment processing. The platform enables users to exchange between local currencies and cryptocurrencies, facilitating international money transfers with competitive exchange rates. Payfric also provides tools for creating secure payment signatures for online purchases and implements a multi-giver platform for giveaways, enhancing user engagement and offering diverse payment options.
Target Audience
Payfric targets freelancers, sellers, marketers, and buyers who require a versatile platform for local and international digital asset transactions, particularly those operating in regions with limited access to traditional payment infrastructure.
Features
- Multi-currency support, including local currencies and digital assets like BTC, BNB, and USDT
- P2P cashback system enabling users to deposit funds via local currency transfers
- Secure payment signatures for online purchases
- API access for developers to integrate Payfric into their applications
- Multi-giver platform for creating and participating in free and premium giveaways
- Support for gift card buying and selling
- Airtime and utility bill payment options