At TeekPay, we have set clear objectives to achieve our vision. Our primary goals include:
While cryptocurrencies hold great promise, users still encounter challenges when
making transactions:
TeekPay offers a transformative solution to these challenges. By integrating fiat and cryptocurrencies with WhatsApp, we simplify the payment process and offer a secure, intuitive, and user-friendly experience. TeekPay enables users to send, receive, and swap cryptocurrencies seamlessly, revolutionizing how crypto assets are utilized in daily transactions.
The technical integration of TeekPay with WhatsApp allows users to access cryptopayment functionality directly within the messaging app. Through a user-friendly interface, users can initiate and manage crypto transactions effortlessly.
With TeekPay, investing in cryptocurrency has never been simpler. The platform’s automatic monthly purchase feature allows users to set up a recurring investment into their crypto of choice. This ‘set and forget’ mechanism is perfect for those looking to invest without the hassle of daily market monitoring, making it easier than ever to grow your crypto portfolio over time.
To maintain the stability of each stablecoin, TeekPay will employ a combination of collateralization, algorithmic mechanisms, and external oracle feeds. These mechanisms allow for the continuous monitoring and adjustment of the 1:1 backed holdings of major currencies to allow for risk mitigation in the case of fforex risk..
Global stablecoins present numerous use cases:
With TeekPay, transactions occur in near real-time due to the underlying blockchain’s efficiency. Users experience faster confirmation times compared to
traditional banking systems.
TeekPay’s fee structure is designed to be competitive and transparent, offering a cost-effective alternative to traditional payment methods. TeekPay aims to maintain low transaction fees to enhance the user experience starting with a fee-less approach to gain velocity before transitioning to a fee based system for C2B and B2B transactions.
TeekPay employs robust security measures to safeguard users’ decentralized wallets. Each wallet is protected by a cryptographic key pair, with the private key stored securely on the user’s device. This approach ensures that only the user has access to their funds
TeekPay also implements a cold storage solution for added security. The majority of user funds are stored in offline, air-gapped wallets, reducing the risk of online attacks and unauthorized access.
In the event of a lost or damaged device, TeekPay provides users with a secure and straightforward backup and recovery process. Users can generate a backup phrase, which serves as a fail-safe method to restore access to their funds in caseof emergencies
TeekPay is committed to operating within the framework of relevant regulations. We actively engage with regulatory authorities to ensure compliance with applicable laws.
TeekPay implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. Users may be required to provide identification documents and undergo verification to access certain services within the
platform.
TeekPay’s journey is marked by key milestones:
We have an exciting roadmap ahead, which includes:
TeekPay aims to revolutionize online retail and e-commerce by providing a simple, secure, and cost-effective payment method using global stablecoins and
various cryptocurrencies via WhatsApp negating the need for additional software or even POS hardware..
TeekPay’s integration of cryptocurrencies with WhatsApp simplifies crypto transactions, enhances accessibility, and promotes financial inclusion. Through global stablecoins and decentralized wallets, we offer a secure and user-friendly solution to empower users globally
TeekPay is committed to driving the adoption of cryptocurrencies and reshaping the future of digital payments. By harnessing the power of WhatsApp and blockchain technology, we envision a world where crypto payments are as ubiquitous as traditional payment methods.
Abdul has designed and built large scale payment platforms collecting over $1bn per month for Transport for London and UK Government. Abdul is a seasoned technical architect, software developer and entrepreneur having founded his first tech start-up, with offices in the UK serving over 100,000 monthly users. He is the winner of tech start-up competition Pitch@Palace awarded by HM Queen Elizabeth II and organised by the Royal Family for his work on Artificial Intelligence based Computer Vision systems. He has worked in cryptocurrencies for over 7 years and has designed large-scale solutions in digital advertising platforms.
Ex-Binance Director of MENA. Having previously managed his own trading books in excess of $1bn, he is widely credited with turning Binance’s MENA business in to a multi-billion dollar operation within 18 months, adding over 5 million customers in the same period. Omar also ran his own companies in the trading and crypto space, leveraging his experience as a commodities and financial markets trader. He currently runs his own fund, Matcha Capital which invests in early stage crypto businesses.
Shaz is an experienced Solidity and blockchain developer with over 5 years’ experience. He has worked in a diverse range of companies for almost 20 years, from startups to large corporations and public sector organizations. As a full-stack developer, he is also qualified in several traditional programming languages, including Java, React, Swift, and many others as well as being well-versed in smart-contract coding across most major chains.
Mikko has over 25 years’ experience in the financial technology and software industries, in blockchain and cryptocurrencies. He has worked as CTO for cryptocurrency OTC broker LocalBitcoins and CTO at TokenMarket, an ICO launchpad. Mikko works with funds and cryptocurrency exchanges providing technical and security advice.
Munib has worked in financial services regulatory compliance roles for over 22 years, including for a regulator. His key experience. His corporate experience includes roles at the Financial Conduct Authority and the Bank of England includes the roles of Head of Compliance for Santander’s investment and corporate banks. Furthermore, he has previously held senior/board positions for Barclays, PwC, Ernst & Young and IBM.
Send and receive payments between WhatsApp with ZERO fees, spend your WhatsApp balance using a card, top up by bank, card, or crypto.
