metadata: {"signature": "0x3543587d2e98a77750f7b58211ecec2122b34830d22598f462c67d5bdf7a53a52061a61ff28632f5074f7e42aa27c7d7c462fd687fc692d0469ddea9c300d2801b", "application": {"round": "0xdeca949280753f849c3c21ea3d01f7ffe6b7cd44", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "rYA/tGvWeNsKGo2fZN2n62uzmYdOZ4dWPxjCpDPAZZSoyVojcFDG5I24dAOeYlse", "encryptedSymmetricKey": "9e48bb4fc83f9817ca81a726157022f1bf215b4642ef8c133a6a4759a90858ce3d1496d4c8a238a805199baa84d19812045da9483eaf8a5889c5a210af29e02d4a5a84d907a364afbbd51728e1696c414bd8ed8fb7c77135eb667a3da6531eb7096b1ddbefdf1029299fda04f472bd08b74e1165adc21d479dbb6cdd53f3c9590000000000000020767743c8e5e6fdc7505c7298f09a63fcc51bbefc8b0d563df1eeffbaf1de28a08e80d8c4f12e183aee1c32883a006b95"}}, {"type": "short-answer", "answer": "Public goods funding/ grants", "hidden": false, "question": "Funding Sources", "questionId": 1}, {"type": "number", "answer": "3", "hidden": false, "question": "Team Size", "questionId": 2}], "project": {"id": "0x504073a1e2b2d4318e88030407748820011f5e8eccce109982387df07913e9d3", "title": "Tokpay ", "logoImg": "bafkreih2u3ubiimiz4phr2llwgzqt5eopwcl6avmctd4vfbcxqjappkjgu", "metaPtr": {"pointer": "bafkreiadtqs35pq43j7rmbfjoyr5q6lqfoip5loacw3yi2td7jebtcops4", "protocol": "undefined"}, "website": "https://Tokpay.xyz", "bannerImg": "bafkreibo7kajvpg5g5c4vu5mgxnhyxtzahrdb5cjm5bftktxw6e2nwwsjy", "createdAt": 1729463561320, "userGithub": "Ayoseun", "credentials": {}, "description": "Tokpay is enhancing cross-border financial transaction flows for the inter-connected world by re-inventing the legacy-swift correspondent banking system using stablecoins to enable Africans move cash into Short dated US-treasuries direct from mobile money wallets and local payment methods in Africa without the cost of moving money.\nThis unlocks a $2.4t market opportunity.\nOur features include:\n* Send Money: send money feature allows you to send money to any Mobile Money number in Africa at near zero fee, making cross-border payments and commerce instant, Cheaper and reliable without sacrificing FX conversion.\n* Save : Tokpay is a dollar denominated account to help you hedge inflation and local currency devaluations.\n* Invest in US Treasuries: put your money to work by investing in US short-term treasuries, backed by the full faith and credit of the U.S. Federal Government.\n* \u2060Sell T-bills Sell your T-Bills at any time without trading fees on the secondary market.\nCase scenario\none of the bank clients lost their money sending US$ to Zambian kwacha,\n-The client initiated a USD to Zambia payment of $750.\n-Bank initiated Transfer via swift corespondent banking system.\n-Money was sent to a correspondent bank in New York.\n-Transfered to a correspondent bank in Africa.\n-Then it was Transfered to a correspondent bank in Zambia.\n-And then to a Local Bank in Zambia.\n-Local Bank could not accept the transfer (Tracking details mismatch) and rejected it.\n-Money then had to be returned to the original bank via all the intermidiary banks.\n-A couple of weeks later, the client received $250 back.\nWhether moving money into money market funds or simply just making a payment, this is the process.\n\nThe web of correspondent banks is not free, across each step a fee is applied, making Cross-border transaction flows slow, expensive and unreliable.\nTokpay is live on the Celo chain, and settlements are done on the Ethereum network\nTreasury bill contract address: https://etherscan.io/token/0xaa9dac73de8948e516d4c4b6001402d3b6ef9cd9\nProgress to date:\n$7,000,000 in short term treasuries issued since July 2024.\n$8,000,000 in total Tx volume on the platform.\nDemo: https://youtube.com/shorts/FaIJSGKJsr0?si=cXRgduWcH3RhKF6w", "lastUpdated": 0, "projectGithub": "Tokpay-finance", "projectTwitter": "Tokpayapp"}, "recipient": "0xeed8cf8ac9948e7e239e9e934a7288e1cafa7ac5"}}