Trustless and instant INR to USD on-ramp powered by ZK
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Crypto on-ramping in India is plagued with problems. Current solutions like binance p2p are centralized, have complex KYC processes, high fees and are not composable with smart contracts.
Our solution is an INR to USD on-ramp, that is trustless, has no KYC, low fees and reduces fraud by matching users with merchants.
We are relying on RazorPay (payment aggregator) to be the source of truth. Hence we need access to the RazorPay merchant account and itβs corresponding keys. This was a big pain to get access to.
Problems and solutions