Introduction and Problem

To achieve widespread adoption, blockchains must cater to everyday consumers, including major retailers and mom-and-pop shops.

Our previous experiences have shown us that businesses face two main challenges:

First, Many businesses already possess numerous point-of-sale terminals and hoard them.

The second challenge is rooted in legacy systems. These businesses often contend with long queues, slow processing, and over complex user interfaces.

They're in dire need of a superior solution that can address their specific requirements and replace these outdated legacy systems.

Enter Outlay

Our goal for this project is to actually enable and get crypto at the point of sale.

Solution

Outlay aims to significantly boost the adoption of USDC for payments. Through a modular point of Sale that eases user experience through Account Abstraction powered by AI.

System's Architecture:

• All EVMs transactions are controlled through Ethers.js and WalletConnectV2 on mainnet.

• Account Abstraction for Polygon, Optimism, Ethereum, Abritrum and Base Payments with Alchemy LightAccount SDK.

• Programmable wallets and USDC Payments with Circle Web3Services.

• Crosschain payments (EVM <-> Solana and EVM <-> EVM) through Wormhole.

• Generative AI analysis done via AWS (Amazon Web Services) and the Text model Llama2 (Meta).

• Through Stripe APIs we can create inventories and credit card checkouts.