Catalyst Fund 13 X Revuto — PAY INVOICES issued in FIAT with Cardano Native Tokens from the Revuto app!

5 min readDec 2, 2024

The Voting Season is on! Cast your vote before the 12th of December to make it happen!

Cardano is again presenting the wonderful opportunity for all the builders to get their proposals funded. This time, under the veil of the Fund 13 voted projects will get the needed ADA to deliver proposals to enhance the Cardano as well as the users’ experience!

It is firmly believed that such approach is of high value for the projects as well as for the users of the Cardano dApps.

Project Catalyst is the world’s largest decentralized innovation engine for solving real-world challenges. It is an initiative from Cardano that brings funding opportunities to projects in order to supply selected ones with ADA to transform ideas into reality.

For the Fund 13, Revuto prepared 2 proposals that will help every single user to tackle the real-world challenges.

The proposal we are covering in this article is:

PAY INVOICES issued in FIAT with Cardano Native Tokens from the Revuto app

One of the biggest real-world issue is when you receive the invoice (bills for goods and services, utility bills, monthly leasing invoices, and similar) that needs to be paid in Fiat. Since we are all crypto bros here, let’s face it, we often lack Fiat while we have our money in crypto (looking at you bear market!). And it is true that most companies only issue invoices in FIAT (well, at least for now :D).

Revuto aims to allow users to use Cardano Native tokens to pay for those invoices directly from the Revuto mobile app.

Just imagine entering the invoice details directly in the Revuto app and having the ability to use your Cardano Native tokens from the wallet to pay for it!

It is as easy as it sounds! With just a few taps, your bill is paid! There is no more need to think about all the possible off-ramps, potential shady OTCs and other not so convenient and pleasant options just to be able to pay for the bills.

Revuto is here to make all that hassle a matter of the past! Look no further than one app that unites multiple features under a single roof to provide the easiest and seamless solution to tackle real-world use cases.

How does it work?

With this unique product, people are able to Pay for their INVOICES ISSUED IN FIAT with Crypto (Cardano Native Tokens).

Revuto already integrated with Crypto to FIAT on/off ramping service BANXA. We are using the Dexhunter token swap feature to exchange CNT for ADA and offramp ADA to FIAT with BANXA to allow users to pay with CNTs for their invoices issued in FIAT. Also, the product must be regulatory compliant, meaning Revuto will use the benefits of its e-money (electronic money) license issued by the Bank of Lithuania to launch such a feature within the SEPA banking system (EU + UK) and later other regions. Additionally, integration with an external banking provider and payment processor (most likely Paynovate) from the SEPA region will be included in the flow of funds.

The user will enter his invoice details (invoice issued by, recipient bank account details, and amount in FIAT) and pay for it with Cardano tokens. The product will allow KYC-verified users (individuals, not companies) to pay their invoices with CNTs. The app will calculate the number of Cardano tokens needed to pay the invoice. The service will be operational 24/7, and the payments will be executed immediately or within 24 hours, depending on whether the recipient bank is in the SEPA or instant-SEPA system (for the start).

The additional uniqueness of this product could work exceptionally well with our other proposal in Fund 13 — Revuto — The first CROSS-CHAIN SWAP on Cardano! Swap the most popular cryptocurrencies for Cardano Tokens back in seconds, like BTC to IAG, SOL to SNEK, ETH to MIN, and USDT to USDM.

The ability to easily swap any of the top cryptocurrencies for Cardano tokens and then use Cardano tokens to pay for the invoice in FIAT could be a game-changer for the Cardano ecosystem. Much-needed liquidity and great utility will come to Cardano and its tokens.

>>> IMPACT ON CARDANO <<<

Allowing users to use their Cardano tokens to pay for their invoices (bills for goods and services, utility bills, monthly leasing invoices, and similar) will further boost Cardano’s adoption.

>>> To our knowledge, no other crypto project offers this unique product within the mobile app.

How can I help with the proposal?

Community, as our greatest and strongest pillar ever, can assist with it by Casting a Vote!

We have prepared an easy to follow guide for you on How to vote for Revuto in 3 easy steps

Your support for us in this funding opportunity is very important to us. We hope to see support for Revuto grow within the Cardano community and beyond. For that to happen, we realize how critical it is to have a strong presence everywhere that Cardano is.

Let’s make this happen!