SafeSend - a prototype payment smart contract platform on PYUSD
Traditional payment systems on Web2 offer robust buyer protection and fraud detection, but can often come with high fees (2-3% per transaction) and centralized control. Meanwhile, Web3 payments offer low costs and transparency but lack consumer protection—once you send crypto, it's gone. Users are left choosing between safety and cost-efficiency.
*SafeSend* is a decentralized escrow platform built on Ethereum that combines the security of traditional payment processors with the low-cost transparency of blockchain technology. By using PYUSD (PayPal's regulated stablecoin) and a modular fraud oracle architecture, SafeSend enables:
Prototype built for the EthOnline 2025 hackathon.
Demo url: https://usesafesend.vercel.app/ (deployed on testnet)