Xcapit is bringing financial inclusion by developing financial products and services through DeFi, so as to transform finances into an engine for human well-being. The team has built an open source and self-custodial wallet, using blockchain for wealth management, including financial planning and financial education in a gamified way.
Type of Digital Public Good
- Open content
- Open data
- ✅ Open software
- Open standard
- Open AI model
1. Is it relevant to one of the Sustainable Development Goals?
- 1. No Poverty
Evidence: The accessible and gamified financial education along with the transparent donation network on the blockchain contribute to eradicate poverty worldwide. By improving people's economic situation we help break the intergene
- 2. Zero Hunger
Evidence: The transparent donation network on the blockchain allows anyone, in a simple and instant way to sponsor another person, to donate to different causes or NGOs, located anywhere in the world, contributing to causes related to child nutrition and zero hunger worldwide. This is how we contribute to SDG 2 at Xcapit.
- 4. Quality Education
Evidence: We agree that education enables upward socioeconomic mobility and is a key to escaping poverty. This is why we are leveraging technology to increase the access to education equally for both women and men, in an engaging and gamified way with topics like personal finances and blockchain. We are working on universal design to ensure everyone can use our platform, including people with disabilities. The donation modules enable people to contribute to causes related to financing educational and grants programs. This is how we contribute to SDG 4 at Xcapit.
- 5. Gender Equality
Evidence: We also believe that gender equality is not only a fundamental human right, but a necessary foundation for a peaceful, prosperous and sustainable world. By enhancing the use of technology and by providing financial and blockchain education we promote women’s empowerment and improve the participation and equal opportunities in topics related to finance and blockchain. The ability to financially plan, learn and invest without intermediaries helps women to take ownership and control of their own money and, therefore, their freedom. This is how we contribute to SDG 5 at Xcapit.
- 10. Reduced Inequality
Evidence: We increase financial accessibility and inclusion to reduce inequality and ensure no one is left behind, especially in developing countries and vulnerable populations. Our first target is Latin America, in which a large population is unbanked and where remittances have become slow, expensive and sometimes at the risk of scam for those unbanked. Our solution allows sending remittances in less than 10 minutes and paying less than 20 cents of American dollar per transaction. Some countries have high inflation and devaluation, deeply affecting the low-income bracket population, accentuating the vicious intergenerational cycle of poverty. Our mobile app allows them to save in stronger currencies and invest their capital. The gamified education of personal finances is aimed to help parents have a healthier relationship with money, improving and teaching a new culture of saving and investing for their children and future generations. The user is completely anonymous and can have the control of her or his own money regardless of gender, sex, disability, race, ethnicity, origin, religion, economic or any other status. This is how we contribute to SDG 10 at Xcapit.
2. Does it use an appropriate open license?
Yes, this project is licensed under the following license(s):
3. Is ownership clearly defined?
Is the ownership of the project and everything that the project produces clearly defined and documented?
If yes - please link to the relevant copyright, trademarks, or ownership documentation for the project.
4. Does the license of libraries/dependencies undermine the openess of the project?
Does this open project have mandatory dependencies (i.e. libraries, hardware) that create more restrictions than the original license?
If yes - are the open source components able to demonstrate independence from the closed component(s) and/or are there functional, open alternatives?
If yes - please describe how the open source components are independent and/or list the open alternatives for the closed component:
All components are open source and a small number have hard dependencies. These components have been developed in a modular way and using interfaces that can be implemented to break the dependency. For example, we have used Firebase Remote Config, but we have developed it using interfaces that can be implemented so as not to depend on Firebase services.
5. Is there documentation?
Does some documentation exist of the source code, use cases, and/or functional requirements. For software projects, this should be present as technical documentation that would allow a technical person unfamiliar with the project to launch and run the software. For datasets and data projects, this should be present as documentation that describes all the fields in the set, and provides context on how the data was collected and how it should be interpreted. For content collections, this should indicate any relevant compatible apps, software, hardware required to access the content and any instructions about how to use it.
If yes - please link to the relevant documentation:
6. Is non PII data and/or content accessible?
Does this project collect or use non-personally identifiable information (non-PII) data and/or content?
If yes - is there a mechanism for extracting or importing non-personally identifiable information (non-PII) from the system in a non-proprietary format?
If yes - describe the mechanism for extracting or importing non-personally identifiable information from the system in a non-proprietary format:
Supports a REST API for data Access
7. Does the project adhere to privacy and other applicable international and domestic laws?
Has this project taken steps to ensure adherence with relevant privacy, domestic, and international laws? For example, the General Data Protection Regulation (GDPR) in the European Union or the Supplementary Act A/SA.1/01/10 on Personal Data Protection for the Economic Community of West African States (ECOWAS) (yes/no)
If yes, please list some of relevant laws that the project complies with:
- Law 25326 Protection of Personal Data (Argentina)
8. Does the project adhere to standards and best practices?
Does this project support standards? (i.e. Web Content Accessibility Guidelines (WCAG) 2.1 or other standards such as those listed on W3C)
Which standards does this project support (please list)
- ISO/IEC 27001:2013
- OWASP TOP TEN (10)
- JWT (JSON Web Tokens)
- REST (Representational State Transfer)
Can you point to evidence of your support? (i.e. please link to your validator, open test suite, etc.)
Was this project built and developed according to or in adherence with any design, technical and/or sector best practices or principles? i.e. the Principles for Digital Development?
Which principles and best practices does this project support (please list)
- Test driven development
- Pair Programming
- Agile Development
- Code Review
- Principles For Digital Development
- Protect data in transit
- Protect data at rest
9. Does the project do no harm by design?
Has this project taken steps to anticipate, prevent and do no harm by design?
On the whole, does this project take steps to ensure that it anticipates, prevents and does no harm by design?
Is there any additional information you would like to share about the mechanisms, processes or policies that this project uses to avoid doing harm by design?
Xcapit Wallet uses the https protocol to ensure safe communication between the user and the system. The implementation of this product does not indicate any harmful intentions. We communicate to the user, for example, the importance of the 12 words in the wallet. The wallet is encrypted and is only stored on the user's device. All new functionality is tested using tests and subsequently functionality tested by Xcapit QAs before it's deployed to production.
9.a. Data Privacy & Security
Does this project collect or store personally identifiable information (PII) data and/or content?
If yes - please list the types of data and/or content collected and/or stored by the project:
If yes - does this project share this data and/or content with third parties?
Please describe the circumstances with which this project shares data and/or content with third parties. Please add links as relevant.
If yes - does the project ensure the privacy, security and integrity of this data and/or content collection and has it taken steps to prevent adverse impacts resulting from its collection, storage and distribution.
9.b. Inappropriate & Illegal Content
Does this project collect, store or distribute content?
If yes - what kinds of content does this project, collect, store or distribute? (i.e. childrens books)
If yes - does this project have policies that describe what is considered innappropriate content? (i.e. child sexual abuse materials)
If yes - please link to the relevant policy/guidelines/documentation.
If yes - does this project have policies and processes for detecting and moderating innappropriate/illegal content?
If yes - please describe the policies and processes for detecting, reporting and removing innapropriate/illegal content (Please include the average response time for assessment and/or action. Link to any policies or descriptions of how inappropriate content is handled):
9.c. Protection from harassment
Does this project facilitate interactions with or between users or contributors?
If yes - does the project take steps to address the safety and security of underage users?
If yes - please describe the steps this project takes to address risk or prevent access by underage users:
If yes - does the project help users and contributors protect themselves against grief, abuse, and harassment?
If yes - please describe the steps taken to help users protect themselves.
Development & deployment countries
List of countries this project was developed in.
List of countries this project is actively deployed in.
- United States of America
- El Salvador