ProxyIts
Seamless Fiat-Crypto Txns with One Payment ID.
Demo
About
The problem it solves As cryptocurrency ownership grows rapidly, **reaching 22% of the population in Indonesia alone as of 2024**, the ability to use crypto in everyday transactions remains limited. Most merchants still lack access to reliable tools that allow them to accept crypto alongside traditional fiat payments. Meanwhile, the current payment ecosystem is highly fragmented. Businesses must juggle multiple platforms, QR systems, and reconciliation processes, especially when dealing with international customers. **This creates significant pain points, including:** • Customer confusion at checkout • Higher failure rates in transactions • Complex back-end reconciliation across fiat and crypto systems • Limited financial transparency and tracking **ProxyIts solves these problems by unifying fiat and crypto payments under one streamlined system using one payment ID.** **Businesses can now:** • Accept both types of payments effortlessly • Eliminate the need for multiple platforms or payment processors • Reduce transaction fees and reconciliation time • Get real-time transaction insights and analytics for smarter business decisions In short, ProxyIts simplifies and secures the way people and businesses handle digital payments, bridging the gap between fiat and crypto in a seamless, accessible way. ***--- From a Spark in Southeast Asia to the Fire that Fuels Global Payments. ---*** **Bridge the Gap. Pay with Proxylts.**
How it's made
Challenges we ran into Building ProxyIts was **a journey full of learning and problem-solving**. Despite limited resources and experience, we pushed forward as a team. • **Limited blockchain experience**: 4 out of 5 team members were new to crypto, so we held regular study sessions and discussions. “We weren’t experts, but we were committed to becoming capable together.” • **Complex smart contracts**: Developing the payment logic was challenging, but we relied on documentation and AI tools to debug and understand the code. “Whenever we hit a wall, we asked better questions and kept going.” • **Demo video production**: With limited editing skills, we created a simple but clear demo using what we had. “It wasn’t perfect, but it was honest and it worked.”