Product Goals

• Develop a secure and efficient payment gateway that supports various cryptocurrencies through the Injective network
• Ensure the payment gateway is easy to integrate with merchants' existing systems
• Provide a low-cost transaction fee structure to make it an attractive alternative to traditional payment gateways

User Stories

• As an online retailer, I want to accept payments in various cryptocurrencies to cater to a wider range of customers
• As a customer, I want to make secure and fast payments in my preferred cryptocurrency without high transaction fees
• As a merchant, I want an easy-to-integrate payment gateway that doesn't require extensive technical knowledge
• As a small business owner, I want a payment solution that offers lower transaction fees than traditional payment gateways
• As a developer, I want clear documentation and support to integrate the payment gateway into various platforms easily

Competitive Analysis

• BitPay: Well-established, supports multiple cryptocurrencies, higher transaction fees
• Coinbase Commerce: Easy integration, competitive fees, limited to fewer cryptocurrencies
• PayPal Crypto: High brand trust, easy for users, higher fees, and limited cryptocurrency options
• Stripe Cryptocurrency Payments: Easy integration, competitive fees, currently in a limited rollout phase
• Crypto.com Pay: Offers low fees, but requires users and merchants to use its platform and wallet

Competitive Quadrant Chart

quadrantChart title "Market Positioning of Cryptocurrency Payment Gateways" x-axis "Low Ease of Integration" --> "High Ease of Integration" y-axis "High Transaction Fees" --> "Low Transaction Fees" quadrant-1 "High Fees, Low Integration Ease" quadrant-2 "High Fees, High Integration Ease" quadrant-3 "Low Fees, Low Integration Ease" quadrant-4 "Low Fees, High Integration Ease" "BitPay": [0.6, 0.7] "Coinbase Commerce": [0.8, 0.6] "PayPal Crypto": [0.75, 0.8] "Stripe Cryptocurrency Payments": [0.85, 0.65] "Crypto.com Pay": [0.5, 0.4] "Our Target Product": [0.9, 0.2]

Requirement Analysis

The Injective-based payment gateway must support fast, secure transactions across various cryptocurrencies, leveraging the Injective network's capabilities. It should be designed for easy integration into merchants' existing systems, requiring minimal technical knowledge. The gateway must offer competitive transaction fees to attract merchants and customers from traditional and crypto-based payment solutions. Additionally, it should provide robust security measures to protect against fraud and theft, ensuring trust among its users.

Requirement Pool

• ['P0', 'Develop a secure transaction protocol for cryptocurrency payments']
• ['P0', 'Design an easy integration process for merchants']
• ['P1', 'Implement a competitive low-fee structure for transactions']
• ['P1', 'Ensure high transaction speed and reliability']
• ['P2', 'Provide comprehensive documentation and developer support']
• ['P2', 'Incorporate robust security measures to protect against fraud and theft']