Yeep Cash is a public goods project built on public blockchain technology "food stamps meets crypto".
Democratizing access to crypto for 42 million people
On a mission to give every American on Food Stamps or Cash Aid access to the economic freedom created by crypto 💸. People and businesses lose tens of billions of dollars in transaction fees and countless hours in delays to the current system that they wouldn't with on-chain payments.
We're updating the system so it's cheaper and faster.
The Problem
On average, 41.2 million people in 21.6 million households received monthly SNAP benefits in 2022 fiscal year, which ran from October 2021 through September 2022. There are over 42 million Americans who receive food and cash benefits and spend it using their EBT card. Over three-quarters of U.S. adults have used a mobile payment app, such as Cash App, PayPal or Venmo, according to a 2023 study by the Consumer Finance Protection Bureaua.
What is EBT/SNAP?
SNAP is the United States Department of Agriculture (USDA)’s Supplemental Nutrition Assistance Program. Also known as food stamps, SNAP is the largest federal nutrition program that provides eligible individuals and families with financial assistance towards food purchases.
Since 2002, SNAP benefit holders have been making payments in-store with Electronic Benefits Transfer (EBT) cards that can be swiped at the checkout counter. In response to the growth of e-commerce, though, and particularly online grocery ordering, the USDA launched its Online Ordering Pilot for the Supplemental Nutrition Assistance Program in 2019. This two-year program was rolled out so that SNAP cardholders could begin using their SNAP EBT card when buying groceries from SNAP-certified online retailers.
I joined my first startup back in December of 2015, after seeing a Facebook post by my late mentor and YC alumni Mahbod Moghadam. Two
The Solution
I build to solve real world problems, help put good people in the front, and support businesses like Atmosvu. problemuilt for mass consumer adoption, connecting stablecoins to the economy. Y the first app to provide a rapid and seamless way for millions of EBT/SNAP users to seamlessly link their card and go onchain.
Features
enabling purchasees with stableocins
eco-friendly way to enjoy candles.
ai agents
AI agents cannot get bank accounts, but they can get crypto wallets. give agents crypto wallets and introduce the ability to transfer value to artificial intelligence. earn more with your cash benefitts.
If you are a developer who wants to work on real world problems. Please reach out!
