Xchange for Retail

Xchange for Retail

Xchange CBDC's through DeFi on the XRPL

Receive the currency you want, no matter what your customers pay with.

Inspiration

We want to use smart contracts to make people's lives easier, and automatic currency conversion on the XRPL will do just that.

What it does

Liquidity providers can use their CBDCs to generate interest simply by sending them to an Xchange account. The smart contract uses these funds to convert incoming payments from customers into the desired currency and send them to the merchant. This allows retailers to focus on their core business and give people the ability to pay with whatever currency they want.

How we built it

We use Hooks, XRPL.js and Angular.

Challenges we ran into

Developing on a blockchain in development has presented us with some challenges. Constantly changing fundamentals, adding features for which we have already implemented workarounds, a whole new way of programming smart contracts and much more... :grin:

Accomplishments that we're proud of

Together with the XRPL and its outstanding technology, we are able to make people's lives easier.

What we learned

We learned a lot about Hooks, WASM, low-level C and NFT's on the XRPL. But most importantly, we learned how important the key features of the XRPL – speed, low fees, scalability, … – are in order to provide such services to the masses.