Bando
Mexico
Description
In our MVP we built a direct connection between the traditional Mexican fiat infrastructure and Solana. Users can do a traditional wire transfer and get any of the 18 assets on Solana that we have available (JITO, ORCA, SOL, USDC, USDT, WEN, and more). Our long term game is being the payments infrastructure to enable spending features for on-chain users. Users can spend their assets directly from their wallets and pay for their bills, tup-up their cellphones, buy things on Amazon or other merchants, or off-ramp their assets. We bundle fiat payment APIs with a wide product catalog to and offer a simple widget that wallets and dApps can implement with an integration as simple as installing an NPM package. Once implemented, the user sees in their favorite wallet or dApp a new button saying “Spend”. When they click it, the widget appears and lets the user buy any gift card in their geography.
Additional Information
Here you can see our deck. https://docsend.com/view/9fjevmxxn6w3einv We identified that payments is the best way to off-ramp. We've processed more than $250,000 USD in volume and more than 70% of the transactions are off-ramps. Talking to users they told us they want to spend their assets and the best way to do that is directly through the crypto wallets they use every day.
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