BlocPal
Revolutionizing Crypto Transactions through SocialFi.
About
The problem it solves 1.Complexity in Using Blockchain Based Applications : Users face difficulties in buying, selling, and holding cryptocurrencies due to complicated interfaces and processes. 2. Trust and Security Concerns: Many users are skeptical about the security of their funds when using dapps and exchanges. 3. Limited Access: Not everyone has access to traditional crypto exchanges or understands how to use them. Solution 1. WhatsApp Chatbot Integration: Utilize the familiar WhatsApp interface to conduct transactions, making the process user-friendly. 2. Crypto to Fiat On-Ramp and Off-Ramp: Seamlessly convert cryptocurrencies to fiat currencies and vice versa instantly and without any complexity of gas fees and wallet management. 3. Secure and Trustworthy: Built with top-notch wallet infrastructures that utilizes MPC and FHE technologies to ensure safe and instant transactions.
How it's made
Challenges we ran into The major hurdle was/is the limitations of the interactive infrastructure provided by WhatsApp, that majorly affects multi-step/multi-input processes. To work around the hurdle, we explored determining the appropriate response to user actions using a combination of progressive IDs (for specific actions) and regex patterns (especially with interactive elements). The pattern of the IDs is designed to track the next step using a set of identifiers from the previous step. For example the progressive ID to sell USDC (BASE) to a beneficiary with ID: 123, looks like: sell:usdc-base|beneficiaryId:123