Bank-to-Zcash Gateway: A Secure Fiat On/Off Ramp Solution [Updates]

Community Grants
1

Hi Community,

I want to share some updates regarding my previous proposal:

:link: Bank-to-Zcash Gateway: A Secure Fiat On/Off-Ramp Solution

  1. I have successfully registered as a Crypto Service Provider in Argentina (CNV Registry - “Persona Humana”, entry #9).
  2. With this registration, Bind Bank (bind.com.ar) has agreed to partner with me and has initiated a due diligence process.
  3. Zerem is being registered as an Argentine company, which is required for compliance purposes.
  4. In my original proposal, one of the main challenges was the collateral required by the regulator. Fortunately, after confirming with the registration authority, this is not required due to the nature of our operations. As a result, some of the initial costs from the first proposal have decreased.
  5. I have partnered with two developers to expand the ramp services to support additional currencies (USDC, USDT, BTC). Since all of them share the same infrastructure and we expect a higher transaction volume, overall costs will be more efficiently distributed.

My next proposal will include a working prototype with real money. I would like to connect with some Argentinian users as testers.

Bonus update: I have forwarded the infrastructure project to a blockchain infrastructure expert to evaluate it.

Thanks,
Ezequiel

5 Likes
2

Thats Great. :muscle:

1 Like