Bitcoin Cash remittances with <1% fees, no KYC, self-custody
Send €100 to Venezuela for €1 instead of €5. No company. No custody. No KYC.
Asgaya is a Bitcoin Cash wallet designed to make sending remittances simple and affordable—with <1% fees, no KYC, and full self-custody.
The mission: Promote merchant Bitcoin Cash adoption by turning every remittance into an opportunity for circular economy growth.
How it works: A peer-to-peer marketplace connects senders with BCH sellers and merchants, using covenant smart contracts and a decentralized bulletin board—without any central server or custodian.
The insight: Every remittance creates a new BCH merchant. Use the $44.5 billion annually lost to fees to build circular economy infrastructure where it’s needed most.
When merchants accept BCH directly, Asgaya becomes unnecessary. Success means we disappear.
| Gear | What it does | Documentation |
|---|---|---|
| ⚙️ Wallet | Hold BCH + establish identity via Cash Accounts | the-mechanism/wallet |
| ⚙️ Bulletin Board | Discover buyers and sellers (signed Nostr listings; on-chain anchor Phase 0+) | the-mechanism/bulletin-board |
| ⚙️ Nostr | Coordinate payment details privately + blacklist warnings | the-mechanism/nostr-coordination |
| ⚙️ Notification Bot | Automate everything (passive income, 24/7 operation) | the-mechanism/notification-bot |
| ⚙️ Stability Layer | Protect from volatility via H€/HAu tokens (planned, Phase 1+) | the-mechanism/stability-layer |
How they work together: the-mechanism/how-they-interact.md
Technical specifications for building Asgaya clients:
How Asgaya actually works:
Experience from different perspectives:
Design rationale:
How to bootstrap Phase 0:
Structured investigation briefs (research entry point):
Formal research sessions and summaries:
Choose your path:
→ Read user-journeys/remittance/sender/
→ Read user-journeys/remittance/recipient/
→ Read user-journeys/merchant/
→ Read implementation/
→ Read why-this-design/ and unknowns/
1. Permissionless by Design
Anyone can participate without KYC, using minimal hardware and knowledge. No custody, no intermediation, no gatekeepers.
2. Cheaper Than Legacy (<1% fees)
Beat 6.49% average remittance costs through market-rate exchanges and decentralized covenant-based settlement.
3. Promote Adoption First
Every transaction must create economic incentives for participants to join and grow the network. Merchants earn a small spread and BCH sellers a small fee (a Phase-0 bootstrap default of ~0.5 % each); merchants can optionally hold H€/HAu stability tokens to hedge volatility (planned, Phase 1+).
Typical total cost: ~1 % of the transfer amount (a Phase-0 bootstrap default — the poster sets its own fee)
On a €100 transfer (at the default):
Zero custody: No company holds your funds at any point. BCH covenants enforce settlement automatically.
Asgaya builds on proven open standards and Bitcoin Cash innovations:
Elena#142)Asgaya is at Phase 0: a working Android reference implementation, validated on testnet3 with real devices, preparing for a first pilot.
Working today
Next
This page describes what has been built. Older design notes and research are kept for transparency; where they differ, this page reflects the current state.
Documentation: This is a living document. Feedback welcome via GitHub issues.
Research: See unknowns/ for structured investigation briefs - no permission needed to turn unknowns into knowns.
Implementation: Code contributions will be accepted after Phase 0 implementation begins.
⚠️ Asgaya is an early-stage, experimental protocol. By exploring this documentation or participating in any capacity, you accept full responsibility for understanding and complying with laws in your jurisdiction.
Read full risks and disclaimers →
Asgaya: Building permissionless financial access, one remittance at a time. 🚀
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