Vision

PiggyFi Pay enables businesses and individuals across Africa to pay and get paid in crypto, and easily convert between crypto and fiat.

Overview

Who is PiggyFi Pay for?

PiggyFi Pay is targeted at businesses and freelancers who send and receive payments within and outside Africa, and are constrained by the existing traditional financial systems.

Problem Statement

African businesses, freelancers and contractors have to pay suppliers, buy goods, and receive payments from abroad. Yet, sending money to/from Africa is very difficult.

For example, the scarcity of USD in countries like Nigeria makes foreign exchange transactions difficult, especially for businesses who regularly pay suppliers abroad.

Firstly, legacy platforms like SWIFT, Western Union, and Moneygram are slow and expensive. Newer platforms are still heavily linked with banks and as a result, are only available in a few countries. Many African businesses have resorted to informal peer-to-peer channels (Hawala system, local BDCs) to transact across countries. However, these systems are manual and prone to fraud.

Secondly, popular payment platforms such as PayPal, Mercury, and Wise have limited support for African countries, and for those who do, businesses and freelancers who rely on them are regularly blocked or restricted from performing transactions for unjustifiable reasons.

With PiggyFi Pay, businesses and individuals will be able to send and receive payments in crypto (and fiat) to and from abroad, withdraw crypto payments in fiat into their local bank accounts and mobile money wallets, and convert fiat to crypto in order to hedge against inflation or facilitate easy payments.

Features of PiggyFi Pay

Current Features

• Free Sign Up
• Email OTP Verification
• Create Invoices
  • Tax Rates
  • Discount Rates
  • Shipping Rates
• Send Invoice via URL to customers
• Pay with Metamask (for customers to complete payment)
• Payment with KLAY

Post-hackathon Features

• 2FA
• Realtime payment status
• Send invoice via email
• Convert crypto to fiat
• Pay with fiat (bank cards & P2P)
• Multi-network Support
• Multi-currency support (USD, NGN, KES)

Links

Demo URL

http://pay-by-piggyfi-frontend.vercel.app/

GitHub

• Smart Contract: https://github.com/orignellc/piggyfi-- vendor/tree/main/src/smart-contracts
• Frontend: https://github.com/orignellc/pay-by-piggyfi-frontend
• Backend: https://github.com/orignellc/piggyfi-vendor/tree/main/src/go-vendor
• API: https://github.com/orignellc/global.p2p.api

Video Demo

https://youtube.com