Based on the V2 protocol, we can build the PayFi feature which enable users using crypto in real life, buy a coffee at your local shop or book your next hotel stay. You can get the credit card that let’s you pay in crypto!
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PayFi Service Flow
- Creating custom pools on V2 protocol;
- Adding stable coin assets into the pool;
- Adding collateral assets into the pool;
- Configure risk parameters for the collateral assets, e.g. LTV, Interest Rate;
- Implement FrontEnd or Mobile App which interact with the custom pools;
- Deposit stable coin assets into pool and earn the passive yield;
- Withdraw stable coin assets from the pool at anytime;
- Apply virtual card from the card partner;
- Deposit collateral assets into the pool;
- Borrow stable coin assets to virtual card;
- Use virtual card for payment in real life;
- Repay stable coin into the pool at anytime;
- Withdraw collateral assets from the pool;
Our partners can check the integration guides to simplify the development.