Banking & Finance – Vrinsofts

eWallet Application Development

admin — Tue, 10 Oct 2023 08:30:02 +0000

The digitalization of the financial sector has brought about many wonderful inventions that make it easy for regular customers to use. Our client approached us with the mammoth task of building a secure and safe eWallet that would usher in a new era of digital payment and offer standout features and functionalities.

Cryptocurrency Trading Platform

admin — Tue, 29 Aug 2023 12:22:19 +0000

Cryptocurrency Trading Platform

Cryptocurrency is one of the most popular commodities in the market. Our client, a popular trading company, wanted to build a crypto and NFTs trading platform. They wanted to build a simple-to-use application for new users to learn and invest. They approached Vrinsoft with the idea of building a cryptocurrency trading application, and we delivered it. This case study will explore the goal, strategy, and outcome of the project that becomes one of the top crypto trading platforms in the US. 

Technologies

React Native
Drupal
HTML5

Platforms

Android
iOS

Notable Milestones

		
			Goals

Develop a user-friendly investment tracking application.
Create an easy-to-use app for viewing product information and setting usage reminders.
Allow users to interact with products without needing registration.
Provide an easy approach for increasing product engagement.
Create a web admin panel to allow for the quick upload of items to the application.

		
			Strategy
Strengthen portfolio analysis capability.
Integrate with a number of APIs for real-time pricing improvements.
Use proactive alerts to enhance user decision-making.

		
			Outcomes
Positive user reviews highlight the App’s effectiveness.
New registrations and the user base increased exponentially.

About

Project Highlights

Integrated live price updates for diverse investment types, ensuring users are always informed about the latest market changes.
Empowered users with sophisticated charts and analysis tools, enhancing their ability to make well-informed investment decisions.
Implemented customizable alerts based on user-defined price thresholds, enabling timely actions aligned with individual preferences.
Facilitated seamless portfolio sharing and collaboration among users, fostering an engaged investment community.
Ensured a robust security framework, safeguarding user data and enhancing trust within the platform.
Provided users with real-time notifications of the latest market changes, enabling swift responses to dynamic investment trends.

Our Client

The client operated one of the most popular trading platforms and wanted to expand to cryptocurrency and NFTs. They wanted a user-friendly app that was easy to use and navigate. The client wanted a platform that could help new investors make informed decisions and trade.

Client Requirement

Single app solution to manage diverse investment types.
Provide real-time updates for cryptocurrencies and other trading options.
Offer an easy to update dashboard with relevant information on the portfolio.
Build intelligent notification options to alert users of any changes.

Solution

Proposed Solution to fix operational process

Our solution was to combine advanced technologies, including React Native for Android and iOS app development, Drupal, and HTML5. Our platform offers real-time asset tracking, providing users with instant price updates across different investment types. With sophisticated portfolio analysis tools, personalized alerts, and collaborative sharing options, we’ve transformed the investment landscape into an engaging and insightful experience on mobile devices.

Why we chose this solution: We prioritize development and security for cryptocurrencies and blockchain technology. Our strict industry standards protect user data during trading and storage. Here is why we choose this solution.

Drupal’s versatility allowed seamless integration with APIs, ensuring live price updates for diverse assets.

HTML5’s cross-platform capabilities provided a consistent and user-friendly interface across Android and iOS devices.

React Native enhanced user experience with native-like performance and accessibility on both platforms.

The combination of these technologies provided a comprehensive platform catering to real-time data, analysis, alerts, and collaboration, fulfilling diverse user needs.

Key Features

Features

01. Live Price Updates

Real-time asset price tracking across various investment types.
02. Track Crypto Assets

It supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Users can track their crypto holdings in real-time and get live price updates.
03. Portfolio Analysis

Comprehensive charts and tools for informed decision-making.
04. Automatic Portfolio Sync

Seamlessly connect brokers, exchanges, wallets, or banks to effortlessly sync portfolio data. Eliminate manual data entry while tracking investments in a centralized platform.
05. Personalized Alerts

Customizable alerts based on user-defined price thresholds.
06. User-Friendly Interface

Intuitive design tailored to individual preferences.
07. Comprehensive Asset Support

Ability to track stocks, crypto, ETFs, commodities, NFTs, and forex.

Benefit of This Solution

Real-time data, enhanced portfolio analysis, customized alerts, and collaboration tools were easily integrated, delivering a complete platform that streamlined their investing experience. This strategy improved decision-making while also encouraging interaction and information exchange across the informed investing community. Drupal, HTML5, and React Native were used in the solution to improve accessibility, security, and responsiveness, eventually transforming how users engaged with their investments.

The Result

The widespread adoption, positive reviews, and recognition within reputable financial publications show that the App has been successful in meeting investors' needs. It has made investment tracking easier and improved user engagement and decision-making capabilities.

Installment Payment Mobile Application

admin — Wed, 10 May 2023 15:00:47 +0000

Installment Payment Mobile Application

A leading financial services company approached Vrinsoft Technology Pvt. Ltd., a software development company, to develop a Card-Based Installment Payment Mobile Application. The purpose of the platform was to provide a service to the sender to pay the amount on a regular interval with a specific amount to the receiver considering the contract between them without any manual intervention.  

Technologies

React Native
PHP
MySQL

Platforms

Website  
Mobile

Notable Milestones

		
			Goals
Mobile app for card based installment payment.
Enable users to register and login.
Allow users to add and manage multiple installment payments (loans) & credit cards.
Use a technology stack suitable for the development and implementation of the project.

		
			Strategy
Plan an effective app development for accepting card based installments.
Choose the right payment gateway for installments. 
CMS development. 
Users should be able to view the transactions.

		
			Outcomes
Increased sales
Greater client satisfaction

About

Project Highlights

Development of a Card-Based Installment Payment Mobile Application.
User registration and login with necessary credentials.
Installment amount for the next month will be automatically deducted from the user’s credit card and held by the third-party financial arrangement entity Escrow.
Users can add and manage multiple installment payments (loans), credit cards, and receivers from the same account.

Our Client

The client is a prominent financial services company that recognized the need for a convenient and automated payment solution for installment loans. They approached us to develop a mobile application that would streamline the payment process and improve the user experience for both senders and receivers.

Client Requirement

Develop a Card-Based Installment Payment Mobile Application.  
Allow users to register and login with valid credentials.
Users should be able to enter credit card and receiver’s bank account details to start installment payment cycle for any loan.
Specify loan and installment amount, installment deduction date during submission of payment details.
Third party financial arrangement entity Escrow should hold installment amount for next month.
Escrow should transfer installment amount to the respective receiver’s bank account on selected installment date.
User should pay payment transfer fees with each transaction.

Solution

Proposed Solution to fix operational process

We built a Card-Based Installment Payment Mobile Application that allows users to register and login, enter credit card details, receiver’s bank account details, loan and installment amounts, and installment deduction date. The application holds the installment amount on hold by a third-party financial arrangement entity and releases it on the selected installment date. The admin manages the entire platform from the backend admin web panel.

The chosen solution effectively addresses the client’s needs and requirements while providing a user-friendly and seamless experience.

Key Features

Features

01. Easy Registration Process

User registration and login functionality.
02. Financial Information Managment

Credit card details and bank account details management.
03. Card Based Billing Schedule

Card-based installment payment cycle initiation and management.
04. Secured Payment Arrangement

Third-party financial arrangement entity Escrow integration.
05. Payment Administration and Oversight

Payment transfer fees management.
06. Flexible Payment Choice

Ability to add and manage multiple installment payments, credit cards, and receivers.
07. Administrative Dashboard

Admin panel for backend management.

Benefits of the solution

The Card-Based Installment Payment Mobile Application developed by Vrinsoft Technology Pvt. Ltd. provides numerous benefits to both users and the client. The platform offers a convenient and automated way for senders to pay the installment amount on a regular interval with a specific amount to the receiver without any manual intervention. This saves time and effort for both parties, as the payment process is automated and managed by a third-party financial arrangement entity, Escrow. Users can manage multiple installment payments, credit cards, and receivers from the same account, and the admin can control the entire platform from the backend admin web panel. Additionally, the platform ensures secure payment transfers and eliminates the risk of fraud or error. Overall, the Card-Based Installment Payment Mobile Application streamlines the payment process and provides a hassle-free experience for both senders and receivers.

The Result

Successful implementation of the Card-Based Installment Payment Mobile Application would provide benefits to both the client and their customers.

Cryptocurrency Ecosystem

admin — Tue, 14 Mar 2023 08:25:13 +0000

Cryptocurrency Ecosystem

The advent of cryptocurrencies has led to the creation of a new ecosystem of applications that allow users to store, manage and trade their digital assets. One of the essential components of this ecosystem is the crypto wallet app. Crypto wallet apps enable users to securely store their cryptocurrencies, view their balances, and make transactions. In this case study, we will discuss the development of a crypto wallet app that includes the integration of third-party APIs, smart contract calls for swap, and the integration of the Ethereum and Binance Smart Chain (BNB) mainnet.

Technologies

Android kotlin
Swift iOS
Python API
Coinmarket thirdparty api
Mysql DB
Public blockchain smart contract

Platforms

IOS
Android
Website

Notable Milestones

		
			Goals
Increase user adoption  
Ensure security and reliability  
Stay up-to-date with industry trends

		
			Strategy
Conducting user surveys, gathering feedback from app reviews. 
Analyzing user behavior to identify the pain points and areas of improvement.  
Participate in online forums and discussions, attend industry events and conferences, and collaborate with other blockchain developers and projects.

		
			Outcomes
Increased User Adoption  
Industry recognition  
Higher user trust

About

Project Highlights

The project involves developing a blockchain-based application that enables users securely send, swap digital assets, add and receive token, generating seed phrase and wallet development.
The app is built using Android Kotlin, Swift iOS, Python API, Coin market third-party API, MySQL DB, and a public blockchain smart contract.
The app has an intuitive user interface that makes it easy for users to navigate and perform various tasks such as send, swap and transferring cryptocurrencies.
The app leverages blockchain technology to ensure the security of user transactions. The use of public blockchain smart contracts ensures that all transactions are transparent and immutable.
The app integrates with Coinmarket third-party API to provide users with real-time updates on cryptocurrency prices and trends.
The app’s backend infrastructure is built using Python and MySQL DB. This ensures that the app is scalable and can handle large volumes of transactions.
The app’s public blockchain smart contract is written using Solidity, a programming language specifically designed for Ethereum smart contracts.
The app undergoes rigorous testing to ensure that it is free of bugs and vulnerabilities. It is then deployed to a production environment where it can be accessed by users.
The app requires users to register and authenticate themselves before they can use the app. This ensures that all transactions are carried out by verified users.

Our Client

Our client, a startup company in the cryptocurrency space, approached us with the idea of developing a crypto wallet app that could enable their users to store, manage, and trade their digital assets. They wanted the app to be user-friendly, secure, and robust. They also wanted the app to be able to integrate with third-party APIs such as Coinmarketcap, allowing users to view real-time market data for various cryptocurrencies.

Client Requirement

Secure and reliable transactions
Real-time updates on cryptocurrency prices
Support for multiple cryptocurrencies
Smart contract development
Robust security and compliance measures

Solution

Proposed Solution to fix operational process

Based on the client’s requirements, we proposed to build a blockchain app that is user-friendly, secure, and reliable. To achieve this, we recommended developing the app using Kotlin for Android, Swift for iOS, and Python for the backend API. The app would also integrate with third-party APIs, such as Coinmarket, to provide users with real-time updates on cryptocurrency prices and trends. To ensure the security and reliability of transactions, we proposed implementing features such as two-factor authentication, encrypted communications, and robust backend infrastructure.

We also recommended including public blockchain smart contract development to ensure transparent and immutable transactions. To support multiple cryptocurrencies, the app would be designed to allow users to store and transfer a variety of digital assets, such as Bitcoin, Ethereum, and Litecoin. Additionally, the app would be customizable, allowing users to choose their preferred settings and features.

Why we chose this solution: We chose this solution based on the client’s requirements for a blockchain app that is user-friendly, secure, and reliable. We believe that building the app using Kotlin for Android, Swift for iOS, and Python for the backend API will provide a solid foundation for a high-quality app that is well-suited for mobile devices. These technologies are widely used and have proven to be reliable and efficient for app development.

Integrating with third-party APIs such as us to provide real-time updates on cryptocurrency prices and trends, which is an essential feature for any cryptocurrency-related app.

Additionally, the inclusion of public blockchain smart contract development will ensure that transactions are transparent and immutable, which is critical for maintaining user trust and security.

By supporting multiple cryptocurrencies and allowing for customization, we ensured that the app is accessible to a wide range of users and meets their individual needs.

The development of the app for both Android and iOS platforms allowed us to reach a larger user base.

By implementing robust security and compliance measures and offering technical support, we can ensure that the app is secure, compliant with relevant regulations and standards, and user-friendly.

Key Features

Features

01. Decentralization

Blockchain technology is often associated with decentralization, which means that it operates without a central authority controlling it. This feature is often used to ensure security, transparency, and trust in the project.
02. Smart contracts

Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. They can be used to automate processes, enforce rules and regulations, and eliminate the need for intermediaries in transactions.
03. Tokenization

Tokens are digital assets that can represent anything from a cryptocurrency to a real-world asset like property or shares in a company. Tokenization can be used to enable fractional ownership, simplify asset transfer, and increase liquidity.
04. Crypto Swap

Instantly exchange cryptocurrencies in a seamless and decentralized manner. Swap between digital assets with ease and convenience. Benefit from competitive rates and secure transactions, empowering users to manage crypto portfolio efficiently.
05. Seed Phrase Generator

The seed phrase generator uses cryptographic algorithms to generate a random and secure set of words. It can be used to restore or recreate a wallet in case of loss, theft, or damage to the original wallet.
06. Wallet

A wallet is a digital application or device that enables individuals to securely store, manage, and transact with their cryptocurrencies. It provides a user-friendly interface for accessing and interacting with digital assets. It allows users to send, receive, and monitor their cryptocurrency holdings.
07. Interoperability

Interoperability refers to the ability of different blockchain networks to communicate and work together seamlessly. This feature is important for creating a robust and interconnected blockchain ecosystem.
08. Privacy

Some blockchain projects prioritize privacy and anonymity for their users, either through the use of advanced encryption techniques or by enabling privacy-focused transactions.
09. Scalability

Scalability refers to the ability of a blockchain network to handle a large number of transactions without slowing down or becoming congested. This feature is crucial for ensuring that the network can support a growing user base and remain efficient over time.

Benefits of Solution

By having a website, users could access the platform from any device with an internet connection, without the need to download and install a dedicated app. This helped to increase the reach of the platform and made it more accessible to a wider range of users. With a mobile app, users can access the platform from their mobile devices, making it more convenient to use and access on the go. This can increase the frequency of use and user satisfaction.

The Result

We did not only meet the clients’ expectations but exceeded them. The client was delighted to get the right solution for their business.