The Latin American region has poor Credit inclusion and digital banking numbers, but astonishing Mobile phone penetration ones.
That is a huge opportunity for an integration of TradFi with Web3 via Mobile phones and Point of Sale systems.
Effisend is a Mobile-First wallet, cash out ramp and Point of Sale Superapp. We combine TradFi through Stripe with Web3 to improve Financial Inclusion in Mexico and Latin America.
We did three Case studies, at our Alma mater’s Merchandising store, at a Restaurant and at a Retail store. We will follow through with more Case studies before settling with some for a beta test as we still have to perfect some systems according to our first user’s feedback. Nevertheless the application has been received incredibly. It is about two tiers easier to use than a normal Terminal and quite a lot faster if we compare it to what we have in the country. In addition to that we had almost no issues when teaching it to external people and the owners of the businesses which are portrayed in the videos, we wanted them to be as authentic as possible.