Alternative Payment for Merchants

[IMPACT]

Make easy and affordable for small-scale businesses as: coffee shops, restaurants, food services, repair shops, bakeries, small stores, to receive payments from their customers in cryptocurrencies.

Benefits


For Small Business

There are several benefits for merchants to collect payments in cryptocurrencies:

1. Lower transaction feesThere are fewer fees associated with cryptocurrency in comparison to credit cards payments.

2. Increased securityBecause of its decentralized nature, cryptocurrency protects merchants against fraud.

 3. No chargebacksThe blockchain stops customers without appropriate funds to make a payment, reducing the likelihood of the chargeback.

Empower merchants with easy to use mobile application Mobile App and the DApp to receive payment for goods and services in cryptocurrency, as an alternative payment method, without an additional hardware or software.

Costs Of The Problem

Small-scale businesses losing money on credit card transaction fees, between $10,000 and $250,000 in annual payments; from 2.87 percent and 4.35 percent per transaction.

With additional cost of hardware leases and software subscriptions.

Slow crypto adaptation in real life.

Cryptocurrency price fluctuation.

While novelty to small businesses, convince of use our application to collect payments.

Most of the small business owners are not crypto-savvy, they don’t know how to set-up crypto currencies payments.

- We will help the merchants who are willing to use our application, select crypto wallet with is the most suitable for particular business.

To reduce risk merchant must researching cryptocurrency companies before determining which crypto coins is the most suitable.

[FEASIBILITY]

Our proposal will be executed once we receive funding.

Our project will take from 3 months to 5 months to develop.

And few more months for promotion, and testing.

Software Architecture and Design: User interface design including wireframes, high-fidelity designs with a prototype and app flow. hours 96 x $80 = $7,680

Software Development: Coding and Testing hours 145 x $90 = $13,050

Data Base Development: Coding and Testing hours 108 x $90 = $9,720

Mobile Application with Data Base (iOS and Android) Development: Coding and Testing hours 190 x $80 = $15,200

dApp Development: Coding and Testinghours 305 x $130 = $39,650

Software and Data Base Implementation:hours 54 x $90 = $4,860

Mobile App and dApp Deployment:hours 90 x $120 = $10,800

Testing and Debugging: hours 48 x $90 = $4,320

Documentation and Tutorial: hours 80 x $90 = $7,200

Maintenance and Advertising: hours 24 x $80 = $1,920

End to End development of a dApp, cost about US$ 48,000 or more

Mobil application with data base (iOS and Android) development and deployment cost about US$ 21,970

For software and data base development and implementation need US$ 42,510

Promotion and advertising US$ 47,600 or mote.

Total needed US$ 162,000 for our project.

If more information are needed, we will provide it on request.

Project Manager

Mr. Wlodek Sass

President & CEO of Eario Inc. Canadian Federal Incorporation

Toronto, Canada

Computer Programer and Webmaster Content Site Designer

George Brown College of Applied Arts and Technology, Canada.

Seneca College of Applied Arts and Technology, Canada.

Diploma With Honours

Over 17 years’ of experience, website and mobile application development.

Extensive experience in mobile apps design and development, for iOS and


Android platforms, with multiple functionality.

CV - http://payecrypto.com/cv/cv_wlodek.pdf

Program Architecture and Documentation

Dr. Fernando Lopez Irarragorri

Doctor of Technical Sciences

Monterrey, Mexico

Associate Professor of Operations Research Graduate

Program in System Engineering Department of Mechanical and Electrical

Engineering Autonomous University of Nuevo Leon.

Master’s Degree in Computing Applied To Engineering And Architecture

Computer Networks Specialist

Universidad Autonoma De Sinaloa, and Tecnologico National De Mexico

CV - http://payecrypto.com/cv/cv_fernando.pdf

Software Design and Development

Mr. Frank Antonio Rodriguez Diaz Senior Software Engineer Montevideo, UruguayComputer Sciences Master Degree Informatics Sciences Engineer, Machine Learning and Artificial Intelligence. Senior Software Developer, URUIT, Montevideo.CV - http://payecrypto.com/cv/cv_frank.pdf

Database Design and Development

Mrs. Meralys Vilches Rodriguez

Data Base Developer and Software Analyst

Montevideo, Uruguay

Computer Science Engineer

Developer and Software Analyst, ODOO, Python Empresa Datamatic,


Montevideo.

Developer Analyst, SQL, Kettle Topaz Company, Montevideo.

CV - http://payecrypto.com/cv/cv_meralys.pdf

Mobile Application and dApp Development

Mr.Lokesh Patel


Master of Computer Application

Indore - India

Bachelor of Computer Science (Hons) DAVV, Indore

Master of Computer Application (M.C.A) Senior/Team Lead Mobile


Application

Experience in Mobile app development with multiple functionality.

Mobile Technologies; creation and maintainability of mobile apps and


back-end app.

Teklead Software OPC Pvt. Ltd, Indore

Sr. Hybrid Application Developer/Team Lead

Aplite Info Solution Pvt. Ltd, Indore

Sr. Mobile Application Developer

CV -http://payecrypto.com/cv/cv_lokesh.pdf

Project Manager Experience

Develop over 30 apps for iOS and Android developed by Wlodek Sass

• Eario Inc.

Apps created and own by Wlodek Sass

• App Store / iOS: https://apps.apple.com/us/app/electric-cars-ev/id1388349994

- Google Play / Android: https://play.google.com/store/apps/details?id=com.electriccarstrade.electriccars

PC and Mobile websites created and own by Wlodek Sass

- Eco Brake-By-Wire an Electrorheological fluid brakes, a pure electronically controlled brake system. http://ecobrakebywire.com

- Electric Cars Catalog http://electriccars-online.com

-Auto Mechanic App https://carwarninglight.com

-Cuba Travel Guide http://netssa.com

[AUDITABILITY]

We will post information on progress on our project on the website.

Work in progress: http://payecrypto.com

Everyone one can access to see our project time line and work in progress on our website.

Broad adaptation of our application.

High number of registered users.

Easy to use by the small business in every day payments.

For Merchants, the merchants must download and instal our mobile application or dApp, set up merchant account and connect to cryptocurrency wallet.

While novelty to small businesses, we will help merchants who are willing to use our application, select crypto wallet with is the most suitable for particular business.

Monetization

Our cashflow will come from three channels: fiat/crypto exchange fees, transaction fees, and transfer fees.

This is entirely new project proposal.

SDG Rating

SDG subgoal:

9.3 Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets

Key Performance Indicator (KPI):

9.3.1 Proportion of small-scale industries in total industry value added

proposertoolsdg
===============