Currently cryptocurrencies are not used for things beyond investment, few businesses accept them. In part this is due to the lack of platforms for non-expert users, leading to fewer businesses that accept these types of payments. Not counting the problem that merchants have to accept such volatile currencies such as Bitcoin.
The existing platforms are not intuitive to use and the current payment gateways make the user pay high fees of each blockchain making payments of less than $ 5- $ 10 unprofitable. For example, paying directly with Ethereum costs around $ 4 in network fees and a 5 min wait.
We believe that platforms for all types of users is something that is not abundant in any part of the world. In the United States there are beginning to be platforms that implement payment gateways, in Europe they are almost non-existent.
We want to create a platform that in addition to allowing businesses to accept cryptocurrencies, without prior knowledge, exchanging the payment instantly to stable currencies or fiat, also allows to handle, exchange and buy cryptocurrencies in an intuitive way for any type of user.
We seek to solve this by creating an intuitive interface and allowing a lot of flexibility, for example, allowing the user to decide if they want to manage their own passwords or that we safeguard them. Using Stellar we can allow instant payments and with a minimum cost, making all types of payments for all types of users possible.
- WolfBridge: Mar 2021
- WolfWallet: Jul 2021
- WolfPay: Nov 2021
- WolfWeb: Feb 2022
We will create anchors with which you will not only be able to introduce currencies but will also allow more interoperability allowing calls to smart contracts of other blockchains directly from Stellar.
The list of accepted blockhains will increase over time but the first will be Bitcoin, Ethereum, Cardano, Polkadot, Monero, EOS, Tron, Tezos. Of the blockchains like Ethereum we will allow the vast majority of tokens (Dai, Maker, Aave, Uniswap, Tether, ...) since we will allow you to specify the address of the contract by automatically creating an anchor.
You can interact directly with a smart contract or with functions of each blockchain. For example, you will be able to interact directly with Compound or Aave contracts from Stellar making the transaction cheaper since the cryptos will go from Stellar to the Contract without going through a third wallet, our bridge will detect if you have received another token (cETH in the case of Compound) and will send it back to Stellar.
Another advantage is the way to receive crypto. While most anchors and platforms create a wallet for each user, which increases the costs of having to pay a second transaction (Your Wallet -> Your Address in the Anchor -> Central anchor account) we will give you several options. The first is the aforementioned address to send your cryptos to, the second is the possibility of specifying a Memo in all the blockchains that allow it and the third by means of a digital signature with each wallet, making it possible to send cryptos directly to the wallet of our anchor from any wallet, (MetaMask, Atomic, etc)
Method 1 (Getting a custom address to send criptos)
Method 2 (Memo code)
Method 3 (Wallet signing)
Calling a contract
We will create a wallet that allows you to freely manage your cryptos, in addition to being designed to obtain maximum interoperability, you will have your cryptocurrencies in an organized way, for example, if you have Bitcoin and WBTC they will appear together and you will be able to see it in detail in the Bitcoin section. In the wallet there will be a tool that will allow you to send crypto from one blockchain to another very easily, either using existing bridges, as in the case of WBTC or using WolfBridge.
This wallet will be in the form of a mobile and desktop app, we synchronize all the data (accepted currencies, wallet names, etc.) through IPFS with OrbitDB so that you do not have to configure the wallet every time you add a device.
This will be the tool that gives cryptocurrencies that utility we are looking for.
We will create a payment gateway that will allow you to pay with your cryptocurrencies in ecommerce and allow them to automatically receive the local currency, thus attracting both a crypto audience, and stores that only want to have one more payment channel.
Thanks to using Stellar we will be able to allow micropayments making it profitable to pay less than € 5, (current gateways do not allow it and you can pay more than € 3 in blockchain commissions, in addition to a wait of more than 5 min in the case of Ethereum ).
We guarantee very high security using high security standards and using serverless technologies. In addition to offering very high speed and scalability.
This is the final platform. We will create a tool, both web and app, that allows you to access all services (WolfBridge, WolfWallet, WolfPay) but without the need to have extensive knowledge of the world of cryptocurrencies, offering a very intuitive interface , key custody, without handling tokens or assets. Allowing both advanced users and new users to manage their crypto more easily without losing the wide range of options we offer.
Wolfchain will have a Business section, where an ecommerce or store will be able to manage the payments made in their store, having access to detailed statistics and special data management and export options.
Since September 2020 we have been incubated in Emprenbit, located in the Palma de Mallorca technology park called Parc Bit. In this incubator, in addition to having a place where we can work, we enjoy various advantages such as professional help in the field of starting and organizing our company and also talks from different entrepreneurs who have managed to succeed in different areas.
The project of Wolfchain has already received an award for young entrepreneurs organized by Carnet Jove and the government of the Balearic Islands.
If you want to meet our team, you can look at it on our website, which you will find in the links section.