Timeline
1 month (July 2022)
Role
Product Designer
Team
2 cofounders, 1 engineer
Timeline
1 month (July 2022)
Role
Product designer
Team
2 cofounders, 1 engineer
Given how niche the cryptocurrency payment market is, we did not believe there was a need to withdraw profits to more than one wallet yet.
Below is an example of what withdrawal to a single crypto-wallet would look like. A token address is required to send funds to a crypto-wallet. This is similar to a routing & account number for bank accounts.
Given how niche the cryptocurrency payment market is, we did not believe there was a need to withdraw profits to more than one wallet yet.
Below is an example of what withdrawal to a single crypto-wallet would look like. A token address is required to send funds to a crypto-wallet. This is similar to a routing & account number for bank accounts.
- Participant from usability test
1 token address for 1 wallet
Token address for each currency
In the desired experience, each currency has a token address field; this allows profits to be sent to multiple wallets. After conducting surveys with 300 business owners, we found 23 that accepted cryptocurrency & conducted usability tests with select users.
We learned that our hypothesis was incorrect. Users do want to be able to send profits to other crypto-wallets to better manage their profits. Learn more about types of crypto-wallets
The current experience forces a user to go to another platform to distribute their funds as opposed to doing it at once during the withdrawal process in NumePay Business.
The current experience forces a user to go to another platform to distribute their funds as opposed to doing it at once during the withdrawal process in NumePay Business.
This withdrawal dashboard page shows which cryptocurrencies are bringing in the most profit from customers. It gives a breakdown of the most popular cryptocurrencies used for payments. With this information, business owners can make smart decisions about how to handle cryptocurrency earnings—whether it's investing them or saving them for the long term, just like how U.S dollars are managed
Dashboard page that shows business owners which cryptocurrencies are bringing in the most profit from customers.
They can make smart decisions about how to handle cryptocurrency earnings—whether it's investing them or saving them for the long term, just like how U.S dollars are
This withdrawal dashboard page shows which cryptocurrencies are bringing in the most profit from customers. It gives a breakdown of the most popular cryptocurrencies used for payments. With this information, business owners can make smart decisions about how to handle cryptocurrency earnings—whether it's investing them or saving them for the long term, just like how U.S dollars are managed
Think of this step as providing the account & routing numbers for a checking account.
A token address has 42 characters & is a unique identifier for your wallet. For more information, you can check out Metamask's page.
The first step is to copy & paste token addresses connected with your crypto-wallets. Think of it as providing the account & routing numbers for a checking account. A token address has 42 characters & is a unique identifier for your wallet. For more information on token addresses, you can check out Metamask's page.
In this example, a user is using the Coinbase wallet browser extension to copy & paste their token address into NumePay Business.
Users need to review everything carefully to ensure profits are being sent to the correct wallets.
Once funds leave the platform, users are fully in control & responsible for funds (self-custody of funds). This means users risk the potential loss of funds during the withdrawal process.
To learn more about the concept of crypto custody and its implications, check out this informative short video.
Here, users need to review everything carefully to ensure profits are being sent to the correct wallets. Unlike traditional banks, Nume cannot compensate for money loss if funds are sent to the wrong place. Once funds leave the platform, users are fully in control & responsible for funds (self-custody of funds). With self-custody, users risk the potential loss of funds during the withdrawal process. To learn more about the concept of crypto custody and its implications, check out this informative short video.
On the withdrawal confirmation page, users can see details about their withdrawals and download the data to keep records of their withdrawals.
On the withdrawal confirmation page, users can see details about their withdrawals and download the data to keep records of their withdrawals.
Returning to the withdrawal dashboard, it has been updated to show the withdrawal in progress under ‘previous withdrawals’.
My internship ended in July 2022 before any MVP testing was conducted on this experience.
In Feb 2023, Nume partnered with 5 local businesses to conduct a closed alpha launch at a web3 conference.
This event provided an excellent opportunity for business owners to expand their payment options & gain firsthand experience in accepting cryptocurrency.
While the specific results of the launch remain proprietary, Nume Crypto has since shifted its focus to offering users a protocol that aims to facilitate affordable cryptocurrency transactions.
Although my work might not have been publicly launched yet, it has played a significant role in helping Nume Crypto move closer to finding product-market fit and achieving their mission of making payments more affordable and accessible for all through the utilization of web3 technology.
courtneylee9001@gmail.com
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