Startup Spotlight : Chariot Payments (USA)
An independent payments network designed for the new economies
Founder Benjamin
Social https://www.linkedin.com/company/80967243
Country USA
Investor Match #Fintech, #DeFi, '#Metaverse, #Web3, #DAOs, #Infrastructure, #Blockchain, #Payments
The Canopy community has some amazing founders doing some amazing things, and this week we throw the Startup Spotlight on the amazing: Chariot Payments
Why is it awesome?
Chariot is the iPhone moment for money. Chariot delivers 21st Century upgrades in scalability, speed, security, and settlements to the fiat payments systems that are plagued by old, insufficient infrastructure that cannot support today's cloud-based, hyper connected, global platform economies. With an industry-lowest fee model combined with instant settlements and ultra-scalability, Chariot enables fiat value exchange at volumes never before realized - and is the only payments system designed for today's platform economies that billions of people utilize, eg: Instagram, TikTok, YouTube, Upwork, Fiver, Uber, Doordash, etc. as well as Podcasts, digital media, and digital news portals (NY Times, The Guardian, etc) and more.
With Chariot, every piece of digital content can be monetized, enabling creators to receive direct support from their communities. Chariot enables millions of microtransactions to settle instantly and securely - finally bringing payments to the speed, scale, and reach of social media communities. There is a very good reason that today's Peer-to-peer payments (Venmo, CashApp, Zelle, etc.) are not side-by-side with social media platforms, and Chariot is the first to enable fiat settlements at the speed needed to support these economies.
Chariot's Peer-to-Peer payments technology can uniquely be placed inside any DeFi digital wallet (Web3/Metaverse/DAO communities, etc) to enable trusted fiat transactions that will trigger digital asset exchange without the unnecessary middlemen on both the fiat transactions and the DeFi transactions. This ease of access brings massive value back to the platforms, merchants, and communities in DeFi.
Chariot upgrades the past and powers future economies.
Founder Journey
Chariot was first conceived in 2018 as a decentralized currency designed to bring the promise of digital cash to every corner of the globe by utilizing a modern architecture that out-performs any DeFi protocol that had come before. With a focus on scalability, speed, and ultra-low cost, Chariot was designed for global usage where Bitcoin and other currencies could not perform. However, after CEO, Benjamin Cavallari, introduced Chariot's ultra-scalable, proprietary, DLT (Distributed Ledger Technology) to the group of banking and industry professionals at NACHA (National Automated Clearing House Association), the seeds were planted to pivot the protocol and upgrade the world's fiat payments mechanics to the 21st Century with the power of a high-performance, ultra-scalable, super-secure, instant settlement, cross-currency, Peer-to-Peer payments.
To power today's global, platform-based, ultra-connected economies, Chariot upgrades the payments rails of the past by lifting them up into the encrypted global cloud networks. Chariot is the only fiat payments network that can bring instant settlements to fiat payments at the volumes necessary to allow commerce between the hundreds of millions of businesses connecting billions of individuals around the planet on all social media and content platforms.
In an amazing twist of fate, Chariot's centralized DLT - perfectly positioned to upgrade fiat payments - is the ideal mechanic for any DeFi digital wallet - like a trusted ATM that enables easy onboarding to any digital community and their various assets. Chariot removes the clutter, wasteful fees, and high fraud levels to facilitate platform growth in the new era of DeFi (Web3, Metaverse, DAO communities, and more).
Chariot utilizes the best of today's technologies to not only upgrade the payments in the past, but to power the economies of the future.
What’s next?
Chariot has multiple clients ready to start installing our APIs to enable instant, fiat payments that can trigger digital asset movements with ease and simplicity not seen in any other fiat onramp/offramp.
Chariot has multiple clients ready to begin integration, including a United Nations-backed Metaverse financial platform working with the 2030 Smart Cities (PeaceCity.World) program with 200+ global partnerships. Chariot will be the only fiat onramp/offramp for MBDFinancial's technology-agnostic metaverse platform and its 7 unique marketplaces as the world moves into a digital, hyper-connected future backed by partnerships with the United Nations. mbdfinancials.com
Chariot also has a partnership with an industry-leading DAO platform, HYPHA, to enable the 14+ DAOs launching in 2022 to have an easy fiat payments network between its users (where they normally do not have an easy way to exchange digital assets and help people into their closed systems if their tokens are not listed on any exchanges). Chariot will act as a trusted 3rd party - enabling instant fiat settlements to enable digital asset exchange via a unique Chariot install inside any digital wallet - akin to an fiat ATM inside a DeFi platform. Chariot will enable ecosystem growth by bringing the simplest, safest, most secure fiat P2P payments to expand the communities of DeFi currently available. Hypha.earth
Chariot's strategic development partner, Ojingo Labs, will immediately take on the role of front-end/back-end, social media, marketing, design and iOS development to cap off Chariot's launch - and will be immediately introducing Chariot's P2P payments to its marque project, VERO - True Social - an 8M+ user social media platform designed with the users first. Chariot will enable VERO's content creators to connect directly to their community in a financial way that no other platform allows.
Chariot has a convertible note open to capture these first clients, to onboard the strategic partner, to engage the massive funnel of DeFi platforms interested in Chariot's technology and to help expand the future economies of DeFi/Web3/Metaverse/DAOs and the ultra-connected platforms of today's world.
Get Involved
Want to know more or looking to invest? Send Benjamin a message HERE.
Or come check out their demo on August 3rd →