Banco Satoshi

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  We played a bit with the brand identity. The flag represents the line of the universe, with the sun.

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  Banco Satoshi is multilingual. Currently in English and Spanish

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  Banco Satoshi spanish experience for El Salvador business owners. Everything is translated.

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  Business Owners can apply to get listed and our team will analyze and create an funding campaign.

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  Active Campaigns page will list businesses that are getting funded with Bitcoin, real time.

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  The Bitcoin checkout experience is seamless too.

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  The Lightning checkout experience is seamless. Addresses are derived from an xpub.

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  Financial data is dynamic.

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  As well as business data and other funding campaign details, such as the maturity date and the investment multiple.

Inspiration

Investment Banking shouldn't be limited to only accredited investors.

Access to capital is a human right and with Bitcoin, and bancosatoshi.com, investment can now come from anywhere in the world.

Banco Satoshi won't ask for private keys, ever!

What it does

bancosatoshi.com is an open-source responsive multilingual web application that provides a seamless checkout experience for Bitcoin and Bitcoin Lightning payments that allows anyone in the world to INVEST IN BUSINESSES STARTING FROM 1 SAT.

How we built it

bancosatoshi.com is cutting edge in every detail. It features:

• A Next JS web application (responsive, multilingual)
• A CMS for dynamic business funding campaigns data
• A BTC Pay Server instance for Bitcoin and Lightning payments (funds go to a Business Owner wallet via the xpub key)
• Investment Protocol (Protocolo de Inversión) is a process where business owners can apply for funding

Challenges we ran into

Integrating all the aforementioned systems was challenging, but working as a team, we were able to merge everything together within the Bankathon period.

We tried to use Qredo, but deriving the Bitcoin addresses for each checkout experience was not possible because Qredo won't display the xpub key. We tried though, and created a network, a fund and policies.

Accomplishments that we're proud of

bancosatoshi.com is a revolutionary and powerful tool. Only intelligent governments will allow this tool to run in their country.

What we learned

We learned that integrating with Bitcoin and Bitcoin LN makes payment experiences a breeze. It only takes a few seconds and you can buy great things! Like business ownership.

What's next for Banco Satoshi

We are distributed and very well organized:

Please look at this Deck to see the details of the use of proceeds and other important information for investors and judges: https://docs.google.com/presentation/d/1Bk-lvG-lvH7MO08pZdFPUKMsOp7P7YHAfl9p1PoKArQ/edit?usp=sharing

Please also look at the intended use of funds and our current costs (with the 100k USD we can keep developing for ~5 months): https://docs.google.com/spreadsheets/d/1kkk1KDcSubN84c2MqH4jFlgQRnzoQbr72AOWzspYAsM/edit?usp=sharing

Built With

• bitcoin
• mysql
• nextjs
• node.js
• typescript