🌟 Day 19: Case Study 1 - Chimoney
🏢 Chimoney
Chimoney is a global payout platform that connects banks, mobile wallets, airtime, and gift cards, enabling businesses to send fast, flexible payments worldwide. By integrating with the Interledger Foundation Protocol (ILP), Chimoney makes payments instant, interoperable, and accessible across 130+ countries.
✅ Chimoney Solutions on Open Payments:
🔹 Interledger Integration: Chimoney has successfully integrated ILP into its platform, allowing payments to flow seamlessly across different financial networks and currencies.
🔹 Multi-Currency & Multi-Method Payouts: Recipients can cash out in local currency, mobile money, or digital wallets in over 130+ countries.
🔹 Chimoney App: Users can now send, receive, and manage their ILP-powered wallets directly from the Chimoney App, making Open Payments even more accessible.
🔹 API for Businesses: Developers can integrate global payouts into their products without complex banking partnerships or worrying about different compliance rules.
🔹 ILP-Powered Checkout: Chimoney now supports “Pay with Interledger” at checkout, making cross-border transactions more accessible.
🔹 ILP Payment Pointers for Individuals & Businesses: Chimoney has launched payment pointers for individuals & companies, making it easier to send & receive funds across the Interledger Network.
🚀 Impact of Chimoney’s Work in Open Payments:
✅ Freelancers & gig workers receive payments instantly.
✅ Companies can pay international employees, vendors, and customers seamlessly.
✅ Developers & startups can build global payment experiences without navigating complex regulations.
✅ Expanded interoperability: Chimoney connects mobile money services in Africa, Interac in Canada, and various global payout methods.
✅ Chimoney App users can now access Interledger-powered wallets, receive payments via payment pointers, and withdraw funds through multiple cash-out options.
🌍 Highlights from Chimoney’s Recent Work on Open Payments:
📌 Migrated ILP infrastructure to Rafiki for better performance & security.
📌 Enabled Interledger Wallet & Payment Pointer API for businesses.
📌 Enabled live ILP transactions in real-world use cases.
📌 Partnered with Fynbos Money, Snake Nation, & BessPay Limited to expand adoption.
🔗 Read more here:
📖 Grant Report: https://lnkd.in/evPdUDEK
📲 Download Chimoney App: https://chimoney.app/
🔍 Chimoney Integration of Interledger stack: https://lnkd.in/efGJnHHM
💬 Question for You:
How could Open Payments help your business, product, or platform expand globally? Drop your thoughts below! 👇
#OpenPayments #Interledger #Fintech #GlobalPayouts #ILP