KloomPay

• 

  Design

Inspiration

The inspiration was to enable payments globally for the banked and unbanked, all in real-time.

What it doese

The solution is an api service. This service maintains a private db for all wallets. This allows instant transfers which have no cost. The private wallet assets are then balanced against the custody balance, eg at bitgo.

How we built it

The service is implemented on a cloud ec2 using nodejs and pm2. The wallets are stored in a private db (postgres). The website is hosted via nginx and route53 for the domain name. An API service from bitgo is used.

Ionic was used for the mobile app.

Challenges we ran into

The main challenge here is the volume of work. The system has a lot of components with the cloud, api service, website, crypto custody, db, and the app.

Accomplishments that we're proud of

The main aspect make us proud was producing a viable solution which could help billions of people who are unbanked and minimising costs for e-commerce to that sector is more competitive.

What we learned

We learned about the size of the unbanked sector and the pressing need for new solutions in fintech.

What's next for Kloompay

The next stage is developing a real app. That needs a lot of work on the mobile app side, more work in all the areas of cloud (devops), dbs, private wallets, and custody.

Built With

• api
• node.js