Community

About

Silverbacks.cash is an innovative application designed to revolutionize the way users interact with cash by bridging the gap between traditional physical banknotes and decentralized digital stablecoins. The app utilizes NFC technology to enable users to seamlessly convert physical cash into digital assets, providing a bankless and privacy-preserving financial experience. To use the app, users can purchase Silverbacks bills at participating retail locations. Each bill is embedded with an NFC chip that contains an encrypted EVM keypair. Users can activate their bills at the point of sale, scan the NFC chip with a companion mobile application, and redeem the value of the bill in stablecoins by following a simple process that includes scratching off a panel to reveal a decryption code. This process allows users to sign a transaction that burns the NFT representing the bill, releasing the equivalent stablecoin value to their digital wallet. The app is built using modern web technologies, including TypeScript and React, and is powered by the Next.js framework. It features a responsive design that adapts to various devices, ensuring a smooth user experience. Key components of the app include a header and footer for navigation, sections detailing how the system works, its advantages, use cases, and a roadmap for future developments. Additionally, an AI chat widget is integrated to assist users with inquiries about the Silverbacks system. Key features of Silverbacks.cash include: - Zero KYC friction, allowing for instant retail purchases without complex verification processes. - Enhanced privacy, as no personal data is collected during transactions. - Programmable value through smart contracts, enabling features like time-locks and conditional payments. - Full auditability, with all transactions recorded transparently on the blockchain. - Global accessibility, allowing users to transact anywhere with NFC-capable devices and internet access. The app aims to empower users, particularly those who are unbanked or underbanked, by providing a straightforward and secure method to access the digital economy without the need for traditional banking infrastructure.