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Developing Reverse Currency Payment Platform

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Developing Reverse Currency Payment Platform

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Kiran KV Aug. 1, 2025
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Industries

Finance/DeFi

Technologies

Blockchain & infrastructure

Tags

Crypto

Description

Deep Funding organizes projects into periodic rounds. Participants can submit proposals for the current round which eventuallly will be voted on by community to be awarded funds. You can also view the projects that have been awarded funds

Detailed Idea

Alignment with DF goals (BGI, Platform growth, community)

Reverse Currency: financial tech payment mobile or web application or a payment gateway to transact on regular & crypto currency to include current payment methods seamlessly, offering a fundamentally shifts the dynamic of commerce, moving beyond transactional value to establish a deeply embedded trust network. At its core, the system operates on the principle that a customer’s satisfaction or dissatisfaction directly translates into the quantifiable value of a trust metric in the form of trust coins to every product or service vendor or a dealer or a product manufacturer. Initially, each transaction triggers the generation of TrustCoins, a value equivalent to the monetary amount exchanged. Customers retain the ability to “take back” these TrustCoins if they experience a negative outcome, effectively beyond a simple review or ratings mechanism. 

Problem description

The ideal situation in commercial transactions both vendor & customer should offer and receive equal advantage in exchanging the value. However, the current marketplace has become more advantageous to the offering party (Vendor/Manufacturer) than the receiving party (customer) as all the rules and policies and programs are designed in the favor of vendor, leaving little scope to the customer by spending time, money, efforts in getting it fixed through  even after customer spent full agreed value

Proposed Solutions

Transaction platform works on reverse currency mechanism on regular & crypto currency to include current payment methods aiming to achieve equal satisfaction for both customer and the vendor. By designing and implementing algorithms which helps customer to take back trust coins, if he don't like the product or service by providing evidence. This will tune the trust coin score of vendor and eventually influencing trust score to focus more on customer satisfaction but not only on profits.

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