CashAbroad

[small bluff]

Hi, everyone! we are CashAbroad,

CashAbroad is a smart network that funds public goods using small fees from family remittances and B2B payments.

These fees are used to fund community projects like schools, hospitals, and community centers in the remittance senders' towns. We believe this approach will make a significant impact on these communities.

For this milestone, we are confidently focusing on enabling the on and off ramps with Stellar, starting with Anclap and Circle and use Soroban to enable a smart contract that will automatically distribute a percentage fee to public goods of the recipient community after each transaction. Our team is confident that this will have a significant positive impact, and we are excited to see the results.

Submission:
https://communityfund.stellar.org/projects/cashabroad-scf-13

Here are some links to our project:

Website: https://www.cashabroad.one/
Linkedin: https://www.linkedin.com/company/cashabroad/
Instagram: https://www.instagram.com/cashabroad/
Twitter: https://twitter.com/CashAbroadApp

[fast spear]

Hi, I love to hear that you're planning to integrate WhatsApp shares and statuses. That sounds like a feature your customers will enjoy. Thanks for sharing so much of your progress, it's clear that you've been building a lot over the past year!

One question though: which pain point does the Soroban contract actually solve? I like the idea of letting your users contribute to community projects. But why implement it as a smart contract when the relationship between the sender and receiver is a remittance?

And since the focus of CashAbroad is B2B payments, how will the contribution to public goods work in that scenario? That's not clear to me from your pitch and proposal.

Wouldn't it be simpler to let the remittance receiver support local public goods? In my imagination the sender and receiver have a trust relation and they can communicate about this sort of thing. What am I missing?

[little storm]

Thank you @fast spear !, yes, we also think WhatsApp is great for this type of communication. And yes, It has been an incredible year!

[little storm]

We see that in the future a cross-border transaction in the Stellar ecosystem will be able to trigger a smart contract, and we believe that using a smart contracts to implement public goods initiatives funded by cross-border payments will give transparency, automation, and accountability; also it could potentially eliminate or minimize the need for intermediaries as well as reduce corruption.

In the future we envision more complex structures of funding that involve even more stakeholders, so for example that in a public goods initiative you can set some rules or logic in each campaign, or that you can send to one or multiple wallets depending on the type of project.

[little storm]

We see the participation of Companies with CashAbroad, not only implementing the payment gateway, or directly using our platform, but also collaborating and participating in initiatives.

One scenario would be that in a public good fund(Water scarcity) supported by Company “X”, the Company “X” agrees that they will 2X’s the fund after certain amount is reached.

Another scenario would be that the fund (from the cross-border payments) provides a portion of the total pool, let’s say: 12% CashAbroad, then other 38% is provided by the Government, and 50% by private companies.

Additionally the funds could be managed by local community organizations, NGOs, or social enterprises that could be accountable (these would be chosen given their track record of implementing successful projects)

[little storm]

That's a valid question. We're actually willing to explore which option works better. We're considering the payment moment as an opportunity to draw attention and communicate the initiative more effectively. It's worth mentioning that the donations will come from the CashAbroad fee, without any additional cost to users.

[graceful galleon]

@small bluff @small bluff

[graceful galleon]

I love this concept. How we replicate this in my country?

[desert lodge]

Hey all, Faiyam from Blaze (https://useblaze.app) here. We love this idea of using payments as a conduit for donations. We are thinking to do something similar for our use case, p2p payments for nomads and travelers. We’d want to let users round up to the nearest dollar and donate the difference to a public good of their choice.

Could we use the cashabroad smart contract for this or would we need to roll our own?

[small bluff]

Hi Samuel, were are you from?, let us know a little bit more. Once we have the donation in production it should be able to be everywhere, we only need to agree on with organizations for non-profit and make an agreement as a smart contract and then the transactions from an specific user will give a little donation to this organization.

[small bluff]

Hi Faiyam, you can definetly use our smart contract, we can give you an endpoint that you only need to call in every transaction so that the distribution of the donation happens. We can issue an specific smart contract for each charity or non-profit that you want to support. That would be a great way to help nomads support their ideal charitys and non-profits.

[elfin goblet]

Exciting news for our community!

We are delighted to announce that the highly anticipated payment corridor between Peru and Argentina is now enabled and fully operational! 💸💼

This was possible thanks to our great partner **ANCLAP **and the amazing team @grizzled cloud @long path

[cold orbit]

I'm Joaquin from Soroswap. I'm reaching out to learn more about your current progress with CashAbroad and Soroban. How has your experience been so far?

We are exploring for potential collaborations with other projects.

[small bluff]

Hi @cold orbit , we have finished our development with soroban. Our experience so far has been great, we recentrly updated to the last version and enable it again to work.

What are you working on?

[long path]

It's incredible to see how fast you went from an idea on TechStars Mexico... to make it REAL!!! Congrats team!!!!!!

[winter karma]

@elfin goblet @small bluff Hi Angie and Braulio. I'm Fredy, Colombian tech entrepreneur. We are building AmigoPago(non-custodial wallet for Latino immigrants living in the U.S. offering fast, low-cost local and international payments). We are part of the last cohort of the Stellar Startup Camp. It would be amazing to hear from you whatever you are willing to share with us regarding CashAbroad's amazing journey. Let me know if you are available to chat or having a call. Thank you very much. (Podemos hablar en Español tambien). Saludos!!!

[barren valve]

Hi there, @small bluff

I’m Sammy Evans, a Web3 Community Manager, Social Media Strategist, and Email Marketing Specialist. I focus on growing and engaging crypto communities through events and strategic content. I also test early-stage projects to ensure they’re ready for launch.

I’d love to send my full resume if you’re interested. Looking forward to connecting!
Sammy Evans