Intuipay
Pay international tuition faster, cheaper, smarter | Live on Pharos Devnet
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Description
Intuipay
Pay international tuition faster, cheaper, smarter
Twitter: https://x.com/intuipay
Product Vision:
“To become the global standard for tuition payments by leveraging crypto’s speed and cost efficiency, while abstracting its complexity for mainstream users.”
Core Thesis & Key Differentiation:
Cross-border tuition payments are stuck in the analog era. Crypto (specifically cross-boarder payment solutions & stablecoins) solves this by:
Eliminating intermediaries (reducing fees from 5–8% to 0.5–3%).
Enabling near-instant settlement (10 minutes vs. 3–7 days for bank / cash / mobile / card).
Guaranteeing rate stability (via USD-backed stablecoins like USDC).
User Pain Points:International tuition payments are slow, expensive, and opaque.
Students / parents waste hours managing exchange rates, bank forms, and deadlines.
Universities struggle with reconciliation and delayed funds.
Global remittance is undergoing one of the biggest revolution, and yet key infrastructure remains static.
Market Gap: No crypto-native platform tailored for education payments, despite crypto’s natural fit for cross-border transactions.
Target Users:
International students from high-friction corridors (e.g., India → U.S., Nigeria → U.K.).
Parents paying tuition abroad with limited FX/crypto knowledge.
Universities seeking faster reconciliation and lower payment failure rates.
Education consultancies looking to streamline payment workflows.
Technical Architecture
Blockchain Layer:
Primary Networks: Pharos Network, EDU Chain, Solana (*decide based on cost, speed, security, etc.)
Stablecoins: USDC (Circle), USDT (Tether), etc.
Key Integrations:
Fiat On-Ramp: Circle, MoonPay, Stripe Crypto.
Custody: Circle, Fireblocks (institutional-grade wallets).
FX Partners: Circle, Reap, Wise (for bulk stablecoin liquidity).
Backend Workflow:
User pays via credit card → fiat converted to USDC via an on-ramp partner like Circle / Moonpay.
USDC sent to the university’s custodian (Circle / Fireblocks).
Fireblocks / Circle auto-converts USDC to EUR/USD and deposits into the university’s bank.
Intuipay is not a crypto product – it’s a payments product that uses crypto under the hood.
Progress During Hackathon
100% prototype, ~3 months away from 1st feature product go-live
Tech Stack
Fundraising Status
$160k raised via angels and grants; in discussion for $200k investment from early-stage VCs now