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Post on Medial

Hawk

Stealth • 6m

Random Idea (Not sure if it exists) Lets call it (Escrow Split) or some random name for now. Custodial wallet for meetups / gatherings All the friends Pre-pay a chunk to the escrow wallet and they visit the gathering When the event ends, the group admin can pay using the custodial wallet and the remaining funds will be transferred back to the users afted calculating their equal share of the contribution. Issues: - Custodial wallet (UPI/Scan to pay) limitation due to the current regulations if.any - Method to decide upon the ownership of the said wallet amongst the group that has created the event. Reason for this app: - You pay now, I will pay later - I don’t have balance right now - Obligations to ask for the contribution after the event. etc etc

11 replies6 likes

Replies (11)

Havish Gupta

Stealth • 6m

So it's kind of an temporary account? It's would be good especially while organising events. I have heard many stories where Event Holder take money but don't Fully spend it

1 replies

Somesh Singh Shishodia
•

Venkateshwara Institute of Medical Sciences • 6m

Great concept with its own challenges, all on execution

0 replies1 like

Anonymous 2
•

Wipro • 6m

I definitely think you should work on it. Under ONDC you might get a good advantage too. With promotions such as having to spend less in ONDC affiliated Restaurants. Would help in your customer acquisition too.

1 replies

Hawk

Stealth • 6m

I kinda have an idea about the custodial wallet workaround and the payment working, let me know if someone wishes to develop the app and I will help them with the concept further.

0 replies

Anonymous 1

Stealth • 6m

Beautiful concept 🔥🔥Perfect for my friends

0 replies1 like

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Pay more to everyone now.

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Why don't we try this in india ? In Japan, there is a group event called "Rui-Katsu," where a group of people gathers to watch sad videos and cry together to relieve stress.

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