Buy Crypto now and pay installments later. Sick of missing the hottest token dips? or Can't cough up the money straight away for your favorite Crypto? Well worry no more. We combine the two dynamic explosive growth sectors of fintech together - The Buy Now Pay Later model and Cryptocurrencies into- Buy Now Pay Later Crypto. The project demonstrates how the Buy Now Pay Later Concept can be applied to Ethereum (other cryptocurrencies can be added later). The concept can be applied through different streams of market delivery, as a DeFi feature (drop down in Uniswap), as a feature added to registered Crypto exchanges (e.g. Coinbase) or as a stand alone mainstream Fintech product e.g. Afterpay.
How It's Made
The Video shows the process of creating a debt, funding a debt, and paying installments. Accounts are switched and page refreshed between screens. An amount of Crypto is purchased for 4 periodically evenly spaced installment payments. This is held in Smart contract A. Each installment payment is smart contract B,C,D and E respectively. At the point of B,C,D,E being fulfilled (installment payment made) then A transfers to the purchaser. Contract A are liquidity pooled as are Contracts B,C,D and E on DeFi markets until fulfillment of contract A occurs. The concept can be applied through different streams, as a DeFi feature (drop down in Uniswap), as a feature added to registered Crypto exchanges (eg Coinbase) or as a stand alone mainstream Fintech product eg Afterpay.