Logo Lanfrica

cipher-hexar/Hedera-Africa-Hackathon-Project

Domain:

digital infrastructure

Record type:

software
Creator:
cip
Host:
# Links - Course certificate Link drive.google.com - Demo Video Link drive.google.com - Live Link safewallet-pay-hedera.verce… # SafeWallet Pay A secure P2P payment platform on Hedera Hashgraph with escrow protection, refund capabilities, and bulk transaction management. Built on Hedera testnet and powered by Web3Auth for seamless user onboarding. ## 📋 Problem Statement Traditional peer-to-peer cryptocurrency payments face several critical challenges: - **No Escrow Protection**: Funds are sent directly, leaving senders vulnerable to scams and recipients unable to verify funds before claiming - **No Refund Mechanism**: Once a transaction is initiated, senders have no way to recover funds if recipients don't claim them - **Inefficient Bulk Payments**: Sending payments to multiple recipients requires multiple transactions, leading to high gas fees and time consumption - **Complex Wallet Setup**: Traditional crypto wallets require seed phrases and complex setup processes, creating barriers to entry - **Insufficient Financial Infrastructure in Africa**: Many African regions lack robust payment systems that support both micro-transactions and bulk payments efficiently ## 💡 Our Solution SafeWallet Pay provides a comprehensive decentralized payment solution that addresses these challenges through: 1. **Escrow-Based Secure Payments**: Funds are held in smart contracts until recipients explicitly claim them, ensuring both sender and recipient protection 2. **Refund System**: Senders can refund unclaimed transactions, giving them control over their funds 3. **Bulk Transaction Manager**: Send payments to multiple recipients in a single transaction, reducing costs and improving efficiency 4. **Hedera Hashgraph Integration**: Leveraging Hedera's fast, low-cost, and energy-efficient network for optimal performance 5. **Web3Auth Integration**: …