Telepay.cc

Telepay: A Telegram micro-payment app that simplifies blockchain complexity.

Why did we built it?

We aim to compete with centralized exchanges that currently dominate the crypto micro-payment market.

How?

1. Simplify blockchain complexity (streamline self-custody, abstract fees, and unify networks).
2. Automatically provide access to USD DeFi yield on top of micro-payments.
3. Leverage Telegram's massive user base to challenge centralized exchanges.

Telepay: A Telegram micro-payment app that addresses the 3 main challenges of blockchain complexity.

1. Self-custody Abstraction: We simplify self-custody using Nillion (https://docs.nillion.com/storage-apis) to store the user's private key in a trustless manner. This makes it accessible only with your Telegram initialization data signature.
2. Gas fees Abstraction: We streamline gas fees using a relayer contract that verifies the user's signature and sends transactions on their behalf.
3. Networks Abstraction: Various L2s and blockchains have fragmented the ecosystem, giving centralized exchanges an advantage. We've deployed a router contract system across popular networks and integrated the Circle bridging protocol CTTP. This allows us to simplify the concept of networks for deposits and withdrawals within the app.
4. Yield generation: We use CTTP to provide our users access to USD DeFi yield on their balance, currently achieving 14.43% through Euler lending.
5. Telegram Distribution: We leverage Telegram's powerful social features and wide distribution to gain organic traction, aiming to challenge centralized exchanges in the payments space.
6. Easy Deposits with ENS: To enhance the user experience for deposits, we've implemented a feature that assigns each Telegram user an ENS subname. This integration uses ICAN domains and CCIP read functionality (for example: fricoben.telepay.cc).