Data shows that a charity loses on average $35.000 a year, crowdfunding campaigns of $150.000 lose €5.000 before they even start and bloggers/vloggers/streamers lose more than $500 a month; all because of currency exchange. This got us inspired to use the TransferWise API in order to make donations in the previously mentioned three application areas more beneficial and cheaper for both the donator and the receiver.
What it is
Tl;dr: a very special button
Our end product is an html-widget that is easy to use by everybody. If you are a streamer you just add a link to the description. For a donation it is a ready made piece of code and also crowdfunding campaigns can easily use and connect to our service on the platform of their choice.
What it does
It connects donations with the transferWise service, which makes transaction costs between different currencies up to 20x cheaper when compared to similar services.
How we built it
Challenges we ran into
The documentation of the TransferWise API was not complete, this proved to be challenging. Also we had some troubles on a more conceptual level, since the current user flow in the process of using TransferWise is far from optimal due to a relative long transfer time for transactions.
Accomplishments that we're proud of
The GIFs (not JIFs) in our presentation. Making the button actually work from start to end. Understanding the API
What we learned
CSS, Photoshop and that something, seemingly so simple, can prove to be an enormous challenge when developing it from start to end. Sleep is for the weak, git is hell and heaven simultaneously.
What is next
We hope that TransferWise sees the value of this application and will consider to further develop this vital feature.