XocPay

XokPay is an innovative financial solution designed to serve the vast unbanked population globally, with a particular focus on Latin America and Mexico. According to the World Bank, approximately 1.7 billion adults remain unbanked worldwide, with 210 million in Latin America alone. In Mexico, about 42% of adults lack access to formal financial services.

Our platform leverages the global use of cell phones and Gmail, utilized by over 7.3 billion people globally in the first case and 1.8 billion in the second providing a familiar and accessible interface for financial transactions. XokPay enables users to send, receive, and manage money seamlessly, whether in cryptocurrency or fiat currency, without requiring technical knowledge of blockchain or cryptocurrency wallets. And we use Smart Wallet to promote a user-friendly and easy-to-use tool.

Our app leverages blockchain technology to revolutionize cross-border payments, making it the easiest way for users to receive, spend, save, and invest the USD sent by their families. By integrating with EVM-compatible chains, our app ensures secure, transparent, and efficient financial transactions.

Key Features:

Receive USD in any EVM-Wallet: Users receive remittances directly into their Ethereum wallets in the form of stablecoins pegged to the US dollar (e.g., USDC, DAI). This integration ensures low transaction fees, fast transfer times, and enhanced security. Swap USD for Pesos:

Using decentralized exchanges (DEXs) like Uniswap or 1inch, users can seamlessly swap their USD stablecoins for Mexican pesos or other local currencies. This feature offers real-time exchange rates and minimal slippage, ensuring users get the best value for their money.

Collateralized Loans: Users can leverage their USD or MXN stablecoins as collateral to secure loans in various cryptocurrencies or local currencies. This feature utilizes the Xocolatl, a decentralized finance (DeFi) protocol (https://xocolatl.finance).

Buy Ether and Bitcoin: Users can diversify their investments by purchasing major cryptocurrencies like Ether (ETH) and Bitcoin (BTC) directly within the app. The app integrates with leading DEXs and centralized exchanges (CEXs) to offer competitive rates and secure transactions.

Payments and Requests: Users can make payments or request payments easily within the app, leveraging smart contracts for secure and transparent transactions. The app supports QR code payments and Payment Requests, simplifying the process for in-person transactions.

Our app is designed to empower users by providing them with a comprehensive suite of financial tools that are secure, efficient, and user-friendly. Whether it's receiving remittances, managing funds, or investing in cryptocurrencies, our platform is the ultimate solution for modern financial needs.

XokPay's mission is to democratize access to financial services, reducing barriers to entry for those excluded from traditional banking systems. By providing an intuitive, chat-based interface, we're making financial transactions as simple as sending a message, catering to users of all ages and technological proficiencies.

By combining these technologies, XokPay creates a frictionless experience for sending remittances, managing daily finances, and participating in the digital economy, regardless of the user's technical expertise or banking status. Our goal is to foster financial inclusion on a global scale, starting with the underserved markets in Latin America and expanding worldwide.

The dapp is built on the Base blockchain, ensuring secure and efficient financial transactions. For the frontend, Next.js is used to create a fast, responsive user interface, while Tailwind CSS provides a sleek, modern design. This combination allows for a seamless user experience, with quick load times and intuitive navigation. The backend is powered by Node.js, which handles data processing and transactions efficiently, thanks to its event-driven architecture. To enhance user trust and accessibility, the app integrates Thirdweb for secure logins and gas fee sponsorship, allowing users to transact without worrying about blockchain fees. Worldcoin adds an extra layer of security by verifying that users are human, helping to prevent fraud and ensuring that all transactions are legitimate. This thoughtful integration of technologies creates a user-friendly and secure platform for sending and receiving money on the Base blockchain.