mtoni1/MpesaFi-Prototype.github.io

MpesaFi exists to unlock decentralized, mobile-first financial access for underserved communities in Kenya and beyond. We believe that everyone, regardless of income level, should have access to affordable, transparent, and borderless financial tools. # MpesaFi-Prototype.github.io MpesaFi exists to unlock decentralized, mobile-first financial access for underserved communities in Kenya and beyond. We believe that everyone, regardless of income level, should have access to affordable, transparent, and borderless financial tools. # Decentralized Financial Platform for Kenya * Project Overview MpesaFi is a DeFi-powered mobile finance platform designed to enhance and eventually complement or replace traditional mobile money services like M-Pesa in Kenya. It aims to provide secure, low-cost, and transparent financial services leveraging blockchain technology, smart contracts, and stablecoins, while maintaining interoperability with Kenyan banks and existing mobile money infrastructure. * Problem Statement While M-Pesa revolutionized mobile payments in Kenya, users still face challenges such as: High transaction fees for certain services Limited access to advanced financial products like decentralized lending, savings, and investments Dependence on custodial wallets controlled by service providers Barriers in cross-border payments and remittances MpesaFi addresses these gaps by empowering users with non-custodial wallets, DeFi protocols, and seamless bank integration. ^ Key Features - Non-Custodial Wallets Users fully control their funds via secure wallets, reducing risks of centralized failures. - KES-Pegged Stablecoins Enables stable, fast transactions without volatility typical of cryptocurrencies. - Peer-to-Peer Lending Smart contracts facilitate loans and savings with transparent terms and no intermediaries. - Cross-Border Payments Low-cost, near-instant remittances using blockchain rails. - Merchant & Bill Payments Integration with local merchants and utilities for everyday payments. - Bank Interoperability Easy on/off ramps to Kenyan banks for fiat conversion and compliance. - DeFi Investment Options Access to yield farming, staking, and decentralized insurance tailored for Kenyan users. - User …