It takes a lot of time and often exorbanant transaction fees to transfer cryptocurrencies. Krypt allows anyone to transfer Bitcoin (or potentially any cryptocurrency) instantly, and with intuitive and painless fluidity.
What it does
Utilizes NFC (Near Field Communication) to instantly transfer Bitcoin between two smartphones.
How we built it
Redbull & the determination to create something truly innovative that could be scaled to any cryptocurrency or point of sale system in the future.
Challenges we ran into
Coinbase API is outdated and not very well documented.
Accomplishments that we're proud of
Being able to transfer funds instantly simply by touching two phones together.
What we learned
NFC is cutting edge and unexplored, which was why we chose to implement it over alternative methods. We gained insight and technical experience in app development with Android Studio, integrated two APIs and learned how to use Near Field Communication.
What's next for Krypt
Implementing more Cryptocurrencies in the future, and expanding to other mobile devices.