Fiat - NFT payment plugin for wallets

[wfalcon0x]

Walletless

Grant category

Developer tools / services

Description

Fiat-NFT payment plugin for FLOW wallets

Problem statement

• Accepting direct card payments for NFTs requires significant dev work
• Currently, FLOW wallets require you to buy crypto first, then buy the NFT, paying twice the fees and taking double the time

Target audience

• Wallets on FLOW wanting to offer direct card NFT checkouts for their users

Evidence for the need

• Direct card-to-NFT purchases boosts sales by 300% (MoonPay survey)
• Discussions with software engineers building wallets and infrastructure on FLOW

Proposed solution

• Fiat-NFT payment solution that plugs into wallets on FLOW

Impact

• Higher sales conversions for FLOW projects
• Improved Wallet user experience

In what ways does this benefit the broader Flow developer ecosystem?

• Save months of dev work
• Handle FIAT payments for wallet providers
• Handle fraudulent activities and offer chargeback guarantee

Milestones and funding

Note: You can leave the USD proposal empty / "TBD". Please consider adoption and/or maintenance milestones at the end of your project.

Milestone	Deliverables	Timeline	Risks	USD proposal
1 - Purchase Transaction Validator	API to determine payable amount based on transactions	3 weeks	-
2 - Collect Eligible Transactions	Collect set of eligible transactions from marketplaces and community	1 week	-
3 - Opensource Core Functionality	Opensource the core functionalities of the purchase transaction validator	1 week	-
4 - Developer Typescript SDK	- Typescript SDK for card payment for NFTs - SDK documentation	4 weeks
5 - Developer Android SDK	- Android SDK for card payment for NFTs - SDK documentation	4 weeks
6 - Testing	- Testing and bug fixing	2 weeks
7 - Example Integration	Integrate test plugin solution into the chrome extension wallet	0.5 week	-
8 - Adoption	1 wallet integrates the fiat payment - Gather feedback	1 week
9 - Maintenance	Supporting wallet providers, resolving issues	4 months

Team

Name	Role	Bio	Contact
Daniel N	Product	Oxford University Engineering scholar, Ex-BAML, experience in tech and finance	[email protected]
Akos E	Architect and Full Stack	Engineer graduating in Germany, years in software development, technical leadership and architecture	[email protected]
Mislav K	Front-end Engineer	Front-end experience for many start-ups, including web3
Paul F	Business Analyst	Accountant, ex-Deloitte, c-suite experience, background in finance and healthcare

Milestone completion

• Purchase Transaction Validator
• Collect Eligible Transactions
• Opensource Core Functionality
• Developer SDKs
• Testing and example integration
• Adoption
• Maintenance

[alxflw]

thanks for the proposal and for incorporating our feedback! we'd like to accept this grant - I followed up with you to discuss the TBD part of the application

[bjartek]

In the spirit of transparancy can we update the grants to contain the rewards?

[Aliserag]

Given the time since this has been submitted I'm closing this down, please reach out to me if you'd like to share what you're working on now and explore potential opportunities [email protected].