It has been a very exciting start of the year for Dexlab as we are working on a new product that, together with DexWallet, is going to be part of a larger ecosystem of decentralized finance products for both businesses and consumers.

Today we introduce Dexpay, a Point Of Sale for physical stores and online shops that accepts Ether and many other coins and converts them instantly to DAI so merchants will never have to worry about volatility again.

We build a first prototype of the product during the Status #cryptolife Hackathon in Prague where we were awarded the 1st POA prize and got inspired to explore the project deeper.

We are in fact very proud to announce that MakerDAO believed in us and supports the development of this project with a Stable Fund Grant.

At Dexlab, we are particularly fond of our collaboration with the Maker team. We integrated the DAI stable coin into our platform very early days and we have been the first wallet integrating xDAI as a first-class network.

The aim of this collaboration is to build an MVP of a business-ready (both in terms of branding and customer needs) POS, create various occasions of testing and learning and develop a go-to-market strategy for a second phase of the project.

So what’s Dexpay and what’s under the hoods?

The app is being developed right now and is constantly updated, you can already try it (at your own risk) here.

Dexpay is an open source project so you can find both design and code on this repository.