Our client, a rising star in the digital payment market, was eyeing to reach 3 million of users by the end of 2023. They started with a blockchain-infused expansion by launching an e-wallet for international e-money and cryptocurrency transactions. Their recurring tech partner, though skilled, couldn’t match the long-term needs. That’s when Synodus stepped in.
Challenge: their first failed launch
Our client planned a long-term strategy to build an all-around financial ecosystem. To bring this vision into reality, they need:
- A seasoned cryptocurrency and payment processing ally.
- A long-term partner that can nurture the blockchain system.
Initially, our client worked with a development firm. Despite being very supportive, said partner soon struggled to meet timeline and quality adherence. All this hindered our client growth and made the project fall off track.
Our solution
How Synodus became a trusted companion
From our client’s story, we knew earning their trust wouldn’t be easy. Having experience with 3 blockchain products and multiple financial businesses, we still came up with confidence.
Our team began with open discussions to delve into their business strategy. This information, though sensitive, helped us draw the product roadmap and architecture.
Second, we assessed everything from A to Z to identify areas needing attention. The final goal is to ensure a disrupt-free integration and expansion.
This transparency cleared any skepticism and thus, it ignited our close partnership.
High-performing e-wallet with reliable back office
From a set of curated features, a robust digital e-wallet formed:
- With a friendly and intuitive interface, users can easily create accounts, manage their finances, and make transactions.
- Users can convert and facilitate global transfers through a peer-to-peer transaction system.
- Catering to a broad spectrum of wallet options, including custodial and non-custodial types such as Hot, Cold, and Gas wallets.
- To secure data and transactions, we bolstered a multi-layer protection with two-factor authentication and Vault encryption.
- The platform efficiency extends to the back-office operations as well. We maintained a lean yet efficient machine with NodeJS, NestJS, PostgreSQL and Redis. This extensive stack will speed up transactions and can accommodate a growing user base.
- Our team also adopted Google Cloud Pubsub, Golang and Firebase to support microservices architecture, emphasizing on the scalability and real-time capabilities of the e-wallet.
Explore “the terra incognita” of fintech & blockchain
Proven numbers
With the new release, our client has successfully elevated their market presence, striking in the world of blockchain. Being a secure and lightning-fast money transfer, the platform swiftly attracted new users, aiding in reaching the impressive 3 million users milestone.
They also forged valuable partnerships with other prominent players. These collaborations, facilitated by our API support, have further enhanced our client’s service offerings.
