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submitted 7 months ago by bot@lemmit.online to c/monero@lemmit.online
This is an automated archive made by the Lemmit Bot.

The original was posted on /r/monero by /u/CaptainCanaryLLC on 2024-04-07 23:03:42.


I’ve noticed a need in the market, and I’d like to develop an app to fill it.

Essentially an app that functions as a crypto wallet/marketplace for other legal items, as well as a payment system for purchasing crypto with cash by using barcodes generated in the app using an already existing payment processor. No kyc, no id, no fiat stored in the app, zero chargebacks. Basically an easy way to buy/spend crypto legally without kyc.

All this functionality already exists, just needs to be put together. Cakewallet+vanilladirect barcodes+craigslist

Say i want to buy 3 xmr to purchase something listed on the marketplace. I would generate an xmr wallet in the app, then press a buy button. I’d select 3 xmr, the app would show me a price, I’d press “accept and generate barcode”. Then i could take that barcode to a partner of the payment processor (walmart/Walgreens/7-11 etc), take it to customer service, they scan it and accept the cash, the payment is verified by our processor, and 3 xmr is released to the customers wallet (minus fees).

Then the customer can use that 3 xmr to buy the item they want, also in the app.

Supporting additional cryptocurrencies would be ideal.

People are already doing things like this with other methods, but this would streamline the process and add functionality.

Anyone interested in working on this?

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this post was submitted on 08 Apr 2024
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