My first work Cryptocurrency Business Ideas | Page 11

on transaction fee and when a user withdraws from their wallet to their bank account, they
would have to pay a small withdrawal fee, that would cover the transactional expenses. Both the
transaction fee and withdrawal fee can be configured by the admin. This is one of the
blockchain financial services use case that when executed brilliantly would help an entrepreneur
scale quickly.
Some of the salient features of the app:
Stripe Payments Integrated with stripe, the platform can accept payments in fiat currency. You
can add any such or any number of payment gateway’s.
Payment Routing engine The payment routing engine in the backend routes the payments to
be sent for the native currency the recipient chooses to withdraw in.
Mobile apps and Web: Users can access your platform through both web and mobile apps.
Crypto Corner: An informational dashboard right within the app that displays the current
cryptocurrency prices from the global market.
Blockchain powered: Blockchain powered app that takes advantage of cryptocurrency and the
blockchain ledger (for transaction records)
Monetization: The admin makes revenue whenever a transaction is successfully sent and
when a user withdraws.
Admin Panel: The admin interface is easy to manage and gives complete control over the
platform.
Advanced Reporting: Clear cut reports on transactions like deposit, sent, received and
withdrawals.
Robust API layer: Different APIs are at play, the price of the cryptocurrencies are automatically
updated through services like Coingecko, Coinmarketcap etc. If a developer wishes to build new
feature, they can do so with the help of the system’s API.
Easy Withdrawals: Recipient’s wishing to withdraw the amount they received in their wallet can
do so by simply selecting the bank account they want the amount to get deposited in.
Send to a phone number: Users can register on the platform with their phone number. Both
the sender and the recipient should be registered with their phone numbers on the platform to
send and receive money.
Stellar Wallet: Every user gets a stellar wallet when they register, as a user, everytime a fiat
amount is deposited by the sender, in the background stellar tokens (XLM) from the admin