Summary: Nowadays the e-commerce in social media and exchanges is growing in huge amounts but so are associated frauds and scams. Cguro allows buyers and sellers to create transactions easily and close them safely, securely and simply.
Our goals are to provide:
- An escrow Core service
- Add time limit for a transaction
- Allow to create escrow stellar account per cguro transaction**
- Improve dispute system
- Integrate escrow service with courier status
- Integrated Market Place
- Enable end users to create and publish orders for any kind of products and services.
- Instagram integration, custom parsing of prices and description
- Automatic exchange rates for Fiat <-> Crypto
- Courrier integration
- Seamless integration with ecommerces
- Pay button
- Publish Cguro API
- An easily accessible Wallet:
- Send and receive stellar assets
- Transaction receipt
- Withdraw/deposit Stellar assets for most important Fiat and Crypto anchors that implement SEP-0006
- Enable users to authenticate with their own keys
- Offer easy access to Latin America through new Anchors
- Crypto insurance: fixed exchange rate
- Prepaid mastercard/visa card
- Rewards through a referral program
As a Buyer using Cguro you know your money is safe and if your products do not arrive or arrive damaged your money will be returned to you.
How it works :
Buyer and Seller agree to use Cguro:
Buyer pays Cguro: The Buyer submits the payment of the products he wants to buy to Cguro, Cguro verifies the payment and the Seller is notified that funds have been secured in Cguro.
Seller sends the product to Buyer: Upon payment verification, the Seller sends the products to the Buyer.
Buyer receives the products: The Buyer receives the products and verifies their condition and based on it accepts or decline.
If the Buyer accept the products: Cguro releases the funds to the Seller from the Escrow Account.
If the Buyer decline the reception: A dispute process is initiated by Cguro.
Why is it valuable for Stellar:
This project will participate in enabling Stellar for the retail industry and open its doors, additionally it provides user with the safety that many need in order to make the final steps to joining our community
How CGURO utilizes Stellar:
We use stellar as a transactional core, both for the escrow accounts and for the integration of payment methods (fiat and crypto anchors), Additionally, we implemented the federation protocol to enable users to make payments simply with their phone number.
Mobile and web browsers
In order to complete cguro we developed a few open source tools like:
Federation serverless with AWS and Claudia.js: federation-serverless
An anchor form parser with sep 006 protocol acceptance https://github.com/Nicomalacho/anchor-form-parser
A stellar batch payment library https://github.com/dolcalmi/stellar-batch-payment
Thank you for reading!