Last updated 3 years ago
People need a way to transfer fiat currency to ADA when they don't have access to a phone, electricity or bank account.
A terminal at a shop where a customer can give the shop owner paper money. The customer gets an ADA wallet with the deposited amount
This is the total amount allocated to Paper wallet terminal for in a shop.
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
The challenge objective
Grow Cardano in Africa. With this device the process of acquiring ADA is greatly simplified. Also the machine is visible in the shop and is promoted to customers by the shop owner. This can give a great boost to adoption. A first start is to do testing in community hubs where Cardano is explained to participants.
User experience
- Customer enters shop (heard about ADA somewhere). Shop can be a gift card shop for example.
- Customer sees ADA machine on the countertop.
- Customer asks about ADA to the shop keeper. Whom is educated in explaining and using the machine.
- Customer is enthusiastic about the benefits.
- Customer gives a minimum amount in fiat currency.
- Customer gets Yubikey and paper receipt for wallet.
- For every transaction the shop keeper gets a transaction fee
Deliverables
- Design for housing for raspberry pi with touchscreen, camera and USB connector.
- Cover for user privacy.
- Build 5 prototypes for user testing. 3d printing
Details about technical implementation of paper wallets from Charles Hoskinson: https://youtu.be/JwhB2YKYFKs
Feel free to chat in the discord channel #fiat-to-ada-stake-machine: https://discord.gg/bM4Z35z8WN
Grant funding
Product cost
There are 3 stages to this every stage increases in volume produced and lowers product cost. 1- 3d printed prototypes, 2- Silicone mold with Polyurethane parts, 3- Injection molding of thermoplastic parts. This proposal only covers cost for first stage.
First samples 5 x 216,84 = 1084,20 excluding printer. See exploded view for details
Engineering 20 x 8 x 70 = 11200,- Four weeks with 70,- hourly rate
Total = 1084,20 + 11200 = 12284,20
This project is a success when:
After 3 months there is a functional 3d prototype [50% finished]. See discord for progress
After 6 months there are 5 samples ready for software development and testing with basic user interface
After 12 months the project has the first units running in shops as a test.
Public launch date: 21-1-2022
12000Industrial designer (TU Delft masters). 8 years experience in building change machines and POS systems. Some programming experience