Revolutionizing Crypto Transfers: RampMeDaddy Unveils Telegram-Based Memecoin Wallet

In a bold move, RampMeDaddy is poised to transform the crypto landscape by introducing a seamless, Telegram-native memecoin wallet. Born out of a hackathon project at Consensus 2024, this innovative solution seeks to make cryptocurrency transfers as straightforward as sending a text message. With their backgrounds as executives at iTrust Capital, a crypto IRA provider, Chabanov and Hoffman are well-versed in the digital assets space. However, their new venture marks a significant shift in focus, targeting the vibrant world of memecoin traders. This change will likely test their expertise in risk management and user protection. By leveraging Telegram's vast user base of over one billion, particularly the 84% of crypto users who maintain active accounts, RampMeDaddy has created an ideal platform for its peer-to-peer payment solution. The wallet enables users to buy, sell, and trade memecoins, facilitating cross-border transactions using USDC on the Stellar blockchain. According to Chabanov, 'When you leave the U.S., payments become much more complex. Through Stellar anchors, we can facilitate on- and off-ramping in over 100 countries, making payments truly borderless.' The team chose Stellar for its speed, low transaction costs, and extensive anchor network, aligning with their mission to democratize finance. Security is a top priority, with the wallet incorporating biometric authentication and local key storage. Users can access their funds through Face ID or fingerprint verification, eliminating the need for seed phrase management. In the event of device loss, a Web2-style recovery process enables wallet restoration via email verification. Since winning the hackathon, RampMeDaddy has secured partnerships with the Stellar Foundation and Draper U Ventures, expanding their initial vision beyond simple crypto on-ramping. The team is preparing to launch its wallet in January, alongside a Telegram mini-game to drive user awareness. Looking ahead, Chabanov and Hoffman envision RampMeDaddy becoming the leading digital wallet for global, borderless payments. 'In five to ten years, we aim to be a one-stop shop for digital identity and payments, all within Telegram and beyond,' Chabanov said. The team plans to expand horizontally by integrating with multiple chains and DEXs, giving users early access to memecoins while maintaining their core focus on simplified peer-to-peer transactions.