Implemented project
These innovations will make life easier for any business
The client's name, company and project name are not disclosed
In December 2022, we were asked to create a crypto payment service and integrate it with an existing app in the AppleStore and GooglePlay.
SMART objective
A fully working service in 3 months after the start of the collaboration without the slightest dependence on developers.
How did we do it?
Before signing a cooperation agreement, we held 4 meetings with the client. We identified the requirements, discussed a quote and a preliminary estimate.
Then Konomic.com team started to develop the necessary project documentation: Roadmap, PID, Product/System Requirements, (SRS), Architectural Documentation, Development Plan, Release Notes, etc.
The first step is necessary to initiate the project. Our team managed this in 2 weeks.
This step is followed by next steps:
- Software creation and finalization (2 months)
- Commissioning (1 month)
- Maintenance (until now)
Result of Development
Crypto-payment processing service for businesses is an innovative solution that allows companies to accept payments in cryptocurrencies and convert them to traditional currencies to simplify accounting and bookkeeping.
Technical features of the solution include the use of high-performance and scalable blockchain technologies, multi-level protection against fraud and cyber-attacks, as well as multi-currency and flexible customisation for integration with different business models.
The service provides an API interface for easy integration with a business website or application, and allows automatic processing and payment notifications to be set up.
In addition, the crypto-payment processing service provides instant conversion from cryptocurrencies to traditional currencies at the current exchange rate and low fees for transaction processing.
Bottom line
64 000$
Development cost excluding legal support and business consulting
200 000$
Source code
Unit Economic Indicators
ARPU
Average Revenue Per User
Increased by 76%, which means that the average revenue per platform user increased by 76% due to the stimulation of user activity through seamless payments and transfers within the cryptocurrency wallet
ROI
Return on Investment
The return on investment of the cryptocurrency wallet module after 10 months was 43%, and the costs of the technical implementation alone were able to pay off after only 6 months.
TPD
Transactions Per Day
The number of transactions per day increased by 5.1 times due to the seamless payments and transfers functionality within the cryptocurrency wallet