Dollar Wallet

Screenshots

Problem Statement

Countries are considered "dollarized" when its citizens use the US dollar for common transactions. In Asia Pacific this includes countries like Cambodia, Palau, and many other Pacific Islands. E-wallets like Venmo are accessible only to Americans and not available in these countries. On the other hand, these economies are usually too small to justify building a high-quality e-wallet individually.We propose building an open-source e-wallet framework for these countries. It'll use dollar-backed stablecoins for digital holding of dollars. As it's open-source, quality can be high because contributors from around the world can improve it. Each country can fork and localize it according to local language, KYC/AML process, etc.

Solution

We started the framework as a Nextjs app. We plan to make it a PWA for so it'll feel like a native app.We use Coinbase's Onchainkit demo app to get started. And it also seems to support many of the payment functions we need.Certainly a couple days is not enough to build it out fully, so we'll continue to add to it after the hackathon.