Disty

People become ATMs => get cash anywhere!

Singapore

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Technologies Used

Sketch 3
react native
React-Redux

Project Team

Yustynn Panicker
Designer Developer

This team is looking for

Product Manager Investor
REQUEST TO JOIN

About

Many developing companies (e.g. Bangladesh, Egypt, Pakistan) have passable mobile data but not enough banking facilities (WEIRD). Luckily, everyone carries some cash around. So let's fix this by turning people into a distributed network of ATMs for cash withdrawal! HOW IT WORKS It's simple: we turn our users into a distributed network of mobile cash wallets. Users buy physical cards to top up their accounts (think topping up prepaid phone SIMs) with virtual cash. They can 'withdraw' cash (convert the virtual currency into real cash) whenever they want, by using requesting a withdrawal. Disty matches them locally with another app user close by (think getting matched for an Uber) and facilitates their meet up for a cash/virtual cash exchange! HOW WE MAKE MONEY We take a small cut of every transaction (and give a larger cut to prepaid card vendors + the cash-givers in the withdrawal exchange). The name of the game is transaction volume. Egypt alone is 91mil people strong. Assuming just 40% of them make 1 transaction a day, that's >100mil transactions per month!

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