Sweetchpay

Overview

Sweetch is a medium for every member to convert currencies, not only physical currencies but also cryptocurrencies.

In the long run, users can make Sweetch their personal bank accounts/ crypto wallets as it will be able to support receiving currencies direct to your sweetch wallet with .5% charges.

Sweetch also provides a developer SDK. Sweetch’s SDK act as a payment processor for companies or business individuals. The unique difference from other payment processors is that it will be able to collect crypto payments for customers. Sweetch will be able to process payments in bitcoin and so much more.

With Sweetch, every member of the public is going to be able to swap any currency they chose. Sweetch will also support everyday social payments such as airtime/internet bundles purchase, bank transfers, electricity purchase and so many more. When making social payments, you can decide what currency to be debited in out of all available currencies. This means that you can make social payments with crypto or world currencies

Problem

In February 2021, the Central Bank of Nigeria (CBN) issued a circular instructing all financial institutions prohibiting the facilitation of all forms of transactions involving cryptocurrency. They also went further to instruct all banks and other regulated bodies to identify and shut down the account of any individual or organization involved in any form of transaction involving cryptocurrency exchange.

In response to the CBN’s directive, banks and financial institutions all over Nigeria have identified and deactivated accounts of individuals and organizations involved in whatever form of exchange of cryptocurrency. This development was met by huge outrage and has sparked controversy among the general public

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Limitations and pain points

Solution

With the target audience for the product, it was necessary to make the user interface and experience seamlessly modern because its users would be mostly university students and employed workers which cut across any field of work who are interested in cryptocurrency exchange.

It will be appealing and engaging when making the user experience and the user interface of sweetch modern so as to attract the attention and the usability of the product for the target audience.

Goal