Crowdfunding platform integrated with cryptocurrency payment support

Abstract

Crowdfunding platforms often face challenges such as high transaction fees, limited global accessibility, and reliance on traditional banking systems, which restrict participation and efficiency. These limitations hinder the full potential of crowdfunding, particularly for global contributors and projects. This research addresses these issues by proposing the development of a mobile crowdfunding platform integrated with cryptocurrency payment support. By incorporating cryptocurrency, the platform aims to reduce transaction costs, remove geographical barriers, and enhance transaction security through blockchain technology. The platform is built using a cross-platform mobile framework to ensure broad accessibility while integrating cryptocurrency gateways for decentralized financial transactions. This allows for real-time, secure, and low-cost payments, offering a transparent and efficient process for both contributors and fundraisers. Additionally, the platform's design supports scalability to accommodate various cryptocurrencies and an expanding user base. The findings demonstrate that cryptocurrency payment integration significantly improves transaction speed, reduces fees, and enhances security compared to traditional payment methods. It also fosters global participation, increasing engagement in crowdfunding initiatives.