Broken Money
About Client
Broken Money Wallet is a new digital wallet service that offers organizations a safe and convenient vault management solution. In order to provide transparency and privacy, it is based on open standards such as PSBT and is intended to support hardware wallets. Broken Money doesn't try to keep information from you; on the contrary, it makes an effort to give you as much information as possible about your transactions in a comprehensible and practical manner.
Requirements
- Implement Microsoft Authentication to protect user funds and personal information.
- Provide an easy-to-use interface that speeds up transactions and increases user engagement.
- Creating Customers, users, plans, vaults, bitcoin transaction and payments.
- Supports cold card for secure Bitcoin storage and transaction signing.
- Supports PSBT for broadcast transaction.
- Ensure compatibility across all web browser and operating systems for broad user accessibility.
Challenges
- The wallet fully supports PSBT and is compatible with cold card hardware wallets in USB.
- Protecting user assets by decreasing threats such as hacking, fraud, and phishing attacks.
- Convincing customers to convert from conventional banking techniques to digital wallets and guaranteeing confidence in the platform's security.
- Integrating with payment gateways, and block chain networks while maintaining reliability and performance.
Solutions
- To protect user data and transactions, utilize end-to-end encryption and multi-factor authentication (MFA).
- Integrating hardware verification (e.g., cold card) for secure transaction because it was transparently displays the details of wallet and transactions.
- Designing a simple and user-friendly interface for easy navigation and transaction management.
- Combining block chain networks (like Bitcoin) and payment gateways (like Stripe) to enable smooth transactions.
- Targeted marketing initiatives are being launched to educate consumers about digital wallets, security features, and develop trust in Broken Money Wallet.
Purposed the solution with following technology stack
- Backend: Java
- Data-Base: PostgreSQL.
- Fronted: React JS, HTML, SCSS, Axios, Redux, stripe payment gateway, Microsoft Authentication.
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