InstaBit

Seamless transaction of BTC to USD

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Screen_shot_2015-10-25_at_8.24.50_am
Screen_shot_2015-10-25_at_8.24.50_am

Technologies Used

JavaScript
CSS
Parse
HTML5
PayPal api
Node.js
Blockchain API

Project Team

Keshav
Abhishek Dhawan
Vaibhav Srikaran
Developer
Sampath Duddu
Developer Entrepreneur
edstan
Developer Entrepreneur
duddus

This team is looking for

Product Manager Investor
REQUEST TO JOIN

About

The limiting factor for widespread bitcoin adoption in the real world hinges on the lack of liquidity to usable cash for everyday transactions. InstaBit attempts to speed up the conversion to process as quickly as it takes for a payment to be confirmed by the Bitcoin network. We do this by acting as an intermediary for funds from a Blockchain wallet to our own master wallet, and then forwarding that payment out of a master PayPal account to an end email address. In addition to BTC to USD conversion, we also created a reverse process that allows uninterrupted conversion to BTC as well. The fraud prevention of PayPal provides a safer method of cashing out BTC into the real world, while coupling with the strength of the blockchain as an added level of security in transferring your funds. InstaBit is one step in pushing for seamless integration of Bitcoin into the global financial system.

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