Zeneca Pay
Help LATAM merchants accept crypto payment links and instantly receive local currency.
About
The problem it solves Currently merchants in LatAm face significant transaction costs when accepting payments, potentially impacting their profitability and pricing strategies. These costs include: 1. Payment processing fees ranging from 1.5% to 3.5% per transaction 2. A standard Value Added Tax (IVA) of 19% on most goods and services 3. Additional fixed fees per transaction The total fees can amount to approximately 20.5% - 22.5% of the transaction value, creating challenges for businesses in managing expenses, setting competitive prices, and maintaining profit margins. This complex fee structure may also affect consumer behavior and the overall economic landscape for Colombian merchants. Using Zeneca Pay merchant leverage stablecoins and L2 on Base, we can help merchants in LATAM receive payments by improve conversion rate, lower transaction costs when receiving international payments.
How it's made
Challenges we ran into The challenges in this projects was dealing with base paymaster, understating how it works and applying to transfers. We could solve it by debugging.