Building a Layer for Payments Customization
Blockchain technology is changing the way we do transactions and payment solutions have to be improved.
Keep reading to know why and what are we building 👇
Why we are building Roloi
📈 A $180 billions stablecoins market cap shows the demand for non-volatile cryptoassets. Consequently, stablecoins’ owners are looking for solutions to spend them. US$2.5 billion in crypto were spent through Visa’s cryptocurrency-backed cards (1Q 2022). But here’s the problem.
😩 Current payment tools are static. You are only allowed to set two variables to send money: amount and recipient. This leaves out adjustments like scheduling your future payments, setting conditions for a payment execution, and many other possibilities. You have to be very aware of your cash flows to prevent missing payment deadlines or avoid overspending, leading you to feel that paying for things (products or services) is a burden and a responsibility. Also, most of the crypto payment solutions are centralized, taking custody of your funds and demanding KYC. Roloi fixes this.
💪 We believe that payment solutions should adapt to people, not the other way around. We want to break the domain of static payments and introduce a new concept: Dynamic payments.
“Payment solutions should adapt to people, not the other way around.”
Roloi Technology
⌛ Roloi is a non-custodial and permissionless payment customization platform enabling the concept of Dynamic Payments.
We add a decentralized and secure layer for payment customization by providing:
- 💸 Money streams
- 🔃 Recurring payments
- 🚦 Conditional payments
👉 You’ll be able to stream money between wallets, monitor your incoming and outgoing payments, set payment conditions, share QR codes, and many more features on your mobile or desktop devices.
🤯 Consider all the possible use cases that would be unlocked by combining these features. We list below some of them, but we believe that the limit will be set by the creativity and desire of our users and other builders who want to build on top of Roloi.
💧 Roloi converts money into a “fluid” asset that can flow through a blockchain network. This leads to a new way of thinking your personal finances and make a more efficient use of your cash flows. But that’s not all, Roloi will provide tools like payroll management for companies, real-time token distribution for protocols, service subscription tools for merchants, and other use cases for many kind of business.
Why Polkadot?
💻 Polkadot is a scalable sharded chain and the first protocol that provides a secure environment for cross-chain composability across multiple shards. Polkadot also introduces a highly advanced, open governance system that will allow the network to innovate and grow at a much faster pace than legacy networks.
💡 We believe that the shared security, interoperability & scalability of the Polkadot network provides the necessary infrastructure to build the foundation of Roloi and become the biggest multichain payment customization platform on Web 3.0. In the next posts we will expand on how Roloi will leverage on its technology with more details.
Conclusion
🙌 At Roloi, we believe that the future is multi-chain. The interoperability and scalability provided by Polkadot infrastructure will be the key to start the development and access for all users to our protocol in a safe enviroment, guaranteed by its shared security.
👨💻 We will be sharing more info about our smart contracts architecture and product roadmap in the coming weeks.
📻 Stay tuned! If you are interested in our project and want to keep track of our advance, please follow us in our social media channels. We are putting all our efforts on building this solution for all the community. See ya!
Contact us
Let us know what you think about this post, feedback is always appreciated!
- ✉ Email: contact@roloi.money
- 🐤 Twitter: @RoloiMoney
- 📖 Medium: Roloi | Real-time finance
- 🌎 Website: roloi.money
