Please describe your proposed solution.
Payments and simple transactions of value are likely the simplest use case for Cardano. However, it is extremely hard to find those close to you who are available to have their day-to-day transactions be in ADA instead of fiat currency.
The PayMeInADA application will enable end users to find establishments where fellow ADA holders are happy to take payments in ADA and network with you to discuss Cardano.
The development of this solution will leverage Marlowe for its smart contracts, ensuring a cost-effective robust approach, with great transparency of its workings.
Payments in cryptocurrencies are legal in many legislations, being considered as ‘in kind’ payments and the value of facilitating Peer-to-Peer transactions is paramount for the use of true on-chain ADA, as opposed to centralized exchanges and VISA-based payment cards.
To address the reality of locations with less clear regulation, the app will present a disclaimer reminding the user of his responsibility to observe regulations applied to him.
We will reach out to partner with entities and organizations in the broader blockchain space to reach retailers already taking payments in other cryptocurrencies.
Further networking like establishing local/regional partners may facilitate reaching users with perks like “PayMeInADA” stickers to have next to your cash register.
One very important outcome of this proposal would be the establishment of a DAO of retailers taking payments in (onchain) ADA. This could spring from the entities listed on the PayMeInADA map, that would gather to discuss how to share resources progress their interests.
The app will also allow listed retailers to mention if they are associated with any DAOs, therefore gathering a list of DAO references that the users can explore directly.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
This proposal will directly address the following Cardano needs identified in the challenge:
“Effective Collaboration Management Platforms to Organize Community Intentions and Actions”
“Additional not yet existing tools to give Cardano a distinct advantage“
Facilitating adoption and demystification of day-to-day use of ADA will greatly promote that more new ADA holders explore the space, join and form DAOs.
Furthermore, it is very likely that users of this app will make use of it (directly or indirectly through networking) to promote any DAOs that he is a member of.
We can say that this app will be a tool to service all DAOs and help bring more to existence.
“Number of Communities engaged in collaboration using Cardano DAO creation tools”
PayMeInADA will enable a great way to address this “Key Metric” by creating a real-world discovery for any ADA holders that will be invited to associate themselves with existing/new DAOs in our Directory
How do you intend to measure the success of your project?
The success of this project will be measured by:
- Delivering a app with a great user experience for the proposed use case
- Impact and traction on social networks of PayMeInADA
- Number of users registering themselves on the platform
- Downloads from app stores and similar platforms
- Access statistics to the PayMeInADA website
- The creation of a DAO between listed entities
Please describe your plans to share the outputs and results of your project?
45B and the partners of this project agree to promote PayMeInADA via:
- 45B’s social media
- PayMeInADA itself will have their social media outlets
- Marlowe social media
- Catalyst community
- Any relevant partnerships formed during this project