Crexspace is totally fresh startup idea straight from Austria. The concept behind the product is simple but powerful: allow users to exchange money between other community members without the need of paying bank fees and spread costs. It works as a simple webpage with a plan to expand to other platforms in the future.
Partnership with STX Next:
February 2018 - March 2018 (1 month)
Crexspace is about to revolutionize the way we see currency exchanges. Crexspace is a real-time currency exchange meeting website, helping real users save on commision. It allows users to exchange both fiat and cryptocurrencies through a social exchange mechanism, using real-time, mid-market FX rates.
STX NEXT DELIVERED
Crexspace’s idea is simple and powerful, but the market of Fintech companies focusing on currency exchanging is quite saturated. Our goal was to check if the idea had a chance to penetrate the market and if Crexspace could then proceed to “learn by doing”. Our main challenge was the very short timeframe and the ability to refresh currency rates in real time.
We built a simple Minimum Viable Product (MVP) and delivered a useful and usable solution in 4 weeks. We started with detailed Product Design workshops with the client, designed the whole navigation and layout and some parts of the branding. Based on that, we built a React frontend using Material UI components, communicating with the Python Django REST backend. We deployed it all on Amazon AWS.
Crexspace is being developed by quite a small team with everyone focusing on different parts of the stack. The most challenging for me was to integrate an external currency rates provider API with our platform and create access permissions rules, because it’s the most important part of this product.