PayFi

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!

PayFi Service Flow

Card Providers

• 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;

Lenders

• Deposit stable coin assets into pool and earn the passive yield;

• Withdraw stable coin assets from the pool at anytime;

Borrowers

• 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.