Inspiration
I Feel that the everyone deserves access to cypto and the hardest thing to do it get crypto from fiat, because in alot of countries major banking players has been banned from the crypto space. Recently in my country banks were banned from interacting with crypto and closing all bank accounts for crypto buyers and sellers. This had me thinking of a more decentralized option without the middle man, of the bank, where you can swipe your can get crypto instantly.
What it does
It converts fait to cypto using paypal and chainlink. First it utilizies chainlinkadaptors to access the price for the Nigerian naira and pegs a token to it. Then it utilizes chainlinks price adaptors to get the price of Link and Dai to usd. It then uses the chainlink to access paypals to make transcations.
How we built it
We built the frontend with react and the backend with solidity, but solidity interacts with a nodejs backend which is integrated into paypal.
Challenges we ran into
alot especially time, another issue was the asynchronous behavior. Because as a JavaScript developer i would just use and await . But I over came that by making mappings to store the transactions and values to monitor the state of each transaction.
Accomplishments that we're proud of
I learnt solidity and I was able to make something meaningful that worked.
What we learned
solidity
What's next for Chain Link Project
nothing yet
also the project is divided into two the second part is at https://github.com/aderounmu/ChainlinkAPI
Log in or sign up for Devpost to join the conversation.