ADA EXCHANGE APP
02 March 2022
Problem statement Many Africans refuse to receive ADA cryptocurrency because of the difficulties they face in exchanging ADA into a locally used currency.
Summarize your solution to the problem Design of a mobile application allowing the exchange of ADA cryptocurrency to a local currency via Mobile Money.
The application will be deployed initially in the Democratic Republic of Congo. The local currency used is CDF and USD.
The App will work a bit like a Forex which will allow users to simply exchange ADA from their wallets in Local Currency to Mobile Money and do the reverse.
ADA Exchange App makes it possible to receive ADA crypto currency from anywhere by giving the possibility of going through any telecom operator for conversions in Mobile Money. In addition, the application optimizes the structure of conversions to keep fees as low as possible while opening its API to any developer who would like to integrate it for ADA to Mobile Money conversions.
The biggest challenge we will face is getting users to use this application in the DRC. Many Congolese users do not know cryptocurrency, but we hope that this application will be an example of making it easier to exchange ADAs in local currency and to get used to it.