Great, bootstrapping to a minimum frequent user base was our first option. This way addresses your suggestion of reputation and provide critical matric for iterations, opportunities and justifies the idea.
Thanks for the advise
Thanks for the advise
I love how you speak to people here. I might be interested with the idea but could you please share more details? Maybe some plans on the budget like what's your step after complety raised targetted donation? Or about the project itself.
idea Summary
A user in Uk is able to link their card to our app/acc in the UK ( for argument sake) the funds are automatically converted to a stable coin and sent to a recipient in Zimbabwe. Cash will be deployed from an atm as fiat USD. This model makes the architecture lean and reduces the go to market or testing time. An even bigger opportunity/niche is people making outbound payments for acquisition or machinery, tuition fees, medication and other imports.
Eventually we would want to give users the options to hold-spend -send the funds either through the app or or debit cards.
Use of Funds
Compliance with a local regulator is one of the things we need to accomplish to run the stablecoin platform, event though we are trying to negotiate a waiver for a short period.
1. Compliance,
2. Building a prototype
3. Partnership
4. Building a team
5. Daily expenses
6. Admin costs
7. Other direct or indirect cost. (Detailed spreadsheet Available upon request)
With these funds, we are able to secure our partnerships and have a working prototype we ask our family, friends and contacts to try and give feedback.
So when we met our fundraising goal, the funds will be used to comply with our local reserve bank.
I hope this sheds enough light on the roadmap and the idea itself
