ADA to Mobile Money App

[IMPACT]

The application will be deployed initially in the Democratic Republic of Congo. The local currency used is CDF and USD.

The App will work a bit like a Forex which will allow users to simply exchange ADA from their wallets in Local Currency to Mobile Money and do the reverse.

ADA Exchange App makes it possible to receive ADA crypto currency from anywhere by giving the possibility of going through any African telecom operator for conversions in Mobile Money. In addition, the application optimizes the structure of conversions to keep fees as low as possible while opening its API to any developer who would like to integrate it for ADA to Mobile Money conversions.

Our application will not give the possibility to users to keep funds there, the App will work a bit like a Forex which will allow users to simply exchange ADA from their wallets in Local Currency to Mobile Money.

The platform that will be designed will be Mobile (Android and IOS) which will integrate extensions of existing ADA wallets and Mobile money aggregator.

We will be using Flutter which is an open source framework by Google for building beautiful, natively compiled, multi-platform applications from a single codebase. So we won't have to design the Android and IOS version, we will design the Android version and generate the IOS directly. We will use Mongodb as a database.

The application will be deployed initially in the Democratic Republic of Congo where the local currency used is CDF and USD.

The biggest challenge we will face is getting users to use this application in the DRC. Many Congolese, African users do not know cryptocurrency, but we hope that this application will be an example of making it easier to exchange ADAs in local currency and to get used to it.

[FEASIBILITY]

Roadmap :

• Step 0 - Proof of Concept (up to 1 month of development) :

We want to provide a working proof of concept for Fund 8. For intensive testing by our developers and all members of the community, we will deliver a version that will work with the Cardano testnet. users will be able to perform payment and conversion tests without having to spend your ADAs.

• Stage 1 - Active development (up to 3 months) :

Creation of the ADA Exchange App wallet with the possibility of sending and receiving ADAs.

• Step 2 - Conversion solutions (up to 1 months of development) :

Stable Coin integration for converting ADAs to USD.

Integration of the API of the first mobile money payment mode.

• Step 3 - Testing with internal users :

Conversion test of ADA into local currency using mobile money already integrated

Total Fund needed: 44000 USD

 Stage 0: Proof of Concept (Up to 1 Months) :

During this step we will focus on the detailed study and analysis of the problem of exchanging ADAs to local currencies.

We will have to carry out the following steps:

• Detailed study of the problem
• Implementation of a basic architecture
• Proposal of the graphic model to use

Fund needed: 7000 USD

Stage 1: Active Development (Up to 3 Months)

During this step we will begin the active development of the ADA To Mobile Money application.

We will take the following steps:

• Development of the Administration part with 2 senior web developers (6 hours per day due to $10 per hour)x2: 6240 USD

• Design of UI/UX designer to make user interface user-friendly with 1 designer 1350 USD

• Development of the user part with 5 Senior Mobile developers (IOS and Android plateform at the same time) (6 hours per day due to $8 per hour)x5: 18720 USD

• A cloud storage and backup server/year : 640 USD

Fund needed: 26950 USD

Stage 2: Mobile Money Integration with aggregators (Up to 1 Months of development)

• Mobile Money Aggregators Integration 250 USD
• Initial ADA for real test 1800 USD
• Initial deposit in mobile money test(Airtel-Money, M-Pesa, Orange Money) 8000 USD
• Connection of the application with a first extension of ADA wallets that already exists

Fund needed: 10050 USD

UPTODATE DEVELOPERS Is an application development company that will act as devops of the ADA EXCHANGE APP project (uptodatedevelopers.com |  https://www.linkedin.com/company/uptodate-developers/)

The team that is presented on our website only represents the administration committee. We have several developers who are very interested in Blockchain. And all developers who join our team register on the For Developers page of our website.

Here are some links to the LinkedIn profiles of our developers :

• DAN BARUKA : The person in charge of this proposal, the legal representative of the startup, the CEO. (https://www.linkedin.com/in/dan-baruka-6a3423188/)

• FREDERIC SAMVURA: Wada Business Initiatives Lead, DRC Wada Coordinator. M.A in Economics, experienced in banking and public policy. Completed the Plutus Pioneer and Atala Prism Pioneer Programs. Haskell and Plutus trainer in Wada and Guimbalabs Education programs, Smart Contract Developer and entrepreneur. (https://www.linkedin.com/in/fr%C3%A9d%C3%A9ric-samvura-907aa53b)

• JACK MUTOBU: Senior web developer ( https://www.linkedin.com/in/jack-m-5aa669100/ )

• LUCCIN MASIRIKA: Sernior Web developer (https://www.linkedin.com/in/luccin-masirika/)

• YANNICK NSENGA: Software Engineer, Expert in application architecture, web developer (linkedin.com/in/yannick-nsenga-121558ba/)

• MAURICE BAGALWA: Backend web developer(https://www.linkedin.com/in/maurice-bagalwa-88b83919a/)

• Hassan Tunmise HahfyeezVoir : UIUX Designer | Brand Identity Designer ( https://www.linkedin.com/in/hassan-tunmise-hahfyeez-39991791/ )

• Benny Nkonga: Free-lance web developer (https://www.linkedin.com/in/benny-nkonga-a34437212/)

• CLAUDE KAYUMBA : Senior Mobile app development (https://www.linkedin.com/in/claude-kayumba-7388a8190/)

• DAVID BARUKA : Ingenieur logiciel embarqué, Senior Mobile app development (https://www.linkedin.com/in/baruka-david-33a38219a/)

[AUDITABILITY]

Github commits (https://github.com/UPTODATE-DEV), Tasks completed on Asana, Discord

First tests of the application by beta testers in order to correct the first version of the application which will be published.

This proposal is the same as the one proposed in found7, we were approved but we were not funded, we had some comments regarding the details of the project as well as the clear explanation of the budget and the design steps.(https://cardano.ideascale.com/c/idea/383754)

SDG Rating

SDG goals:

Goal 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Goal 9. Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

Goal 17. Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

SDG subgoals:

9.5 Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries, in particular developing countries, including, by 2030, encouraging innovation and substantially increasing the number of research and development workers per 1 million people and public and private research and development spending

Key Performance Indicator (KPI):

9.5.1 Research and development expenditure as a proportion of GDP

proposertoolsdg

===============