The Evolution of LQUIDPAY Deobank:
A Case Study in Decentralized Financial Infrastructure
Author: Shavez Ahmed Siddiqui, Founder & CEO, LQUIDPAY Deobank
Co-Founder: Pawel Sobkow, LQUIDPAY Deobank
Date: June 2025
Institution: University of Lucknow
Abstract
This research paper explores the rise of LQUIDPAY Deobank as a pioneering force in decentralized financial infrastructure. Through a detailed analysis of its technological architecture, financial inclusion goals, and core features, this paper provides a comprehensive case study of how LQUIDPAY is transforming traditional banking models. By enabling Visa-powered spending, seamless crypto-to-fiat conversions, real-time global remittances, and protocol-based savings with up to 15% APY, LQUIDPAY presents a new paradigm in financial autonomy. The study also highlights the leadership role of its Founder and CEO, Shavez Ahmed Siddiqui, in envisioning and executing a globally scalable Deobank system.
1. Introduction
As centralized banks face increasing scrutiny over inefficiencies, accessibility, and systemic risk, decentralized alternatives have begun to reshape the global financial landscape. Among these, LQUIDPAY Deobank stands out as a purpose-driven platform designed to offer secure, self-custodial financial services to a global audience, including the 1.4 billion unbanked. This paper investigates the evolution, structure, and operational model of LQUIDPAY as a Deobank committed to democratizing finance.
2. Background and Context
Founded by Shavez Ahmed Siddiqui and Pawel Sobkow, LQUIDPAY emerged from the understanding that modern banking systems often exclude those who need them most. Siddiqui, a self-taught technologist, envisioned a future where financial infrastructure lives on-chain, eliminating middlemen and offering full asset control to users. From its inception, LQUIDPAY positioned itself not merely as a financial app but as an infrastructure provider enabling scalable, compliant, and borderless banking solutions.
3. Core Features of LQUIDPAY Deobank
3.1 Spending: Visa-Powered Cards
Through strategic partnerships with Visa, LQUIDPAY offers virtual and physical crypto cards accepted at over 100 million merchants worldwide. This feature bridges the digital and traditional economies, allowing users to spend their digital assets like fiat without compromising custody or control.
3.2 Deposit/Withdrawal: On-Ramp and Off-Ramp
Users can seamlessly convert between fiat and crypto using LQUIDPAY’s on-ramp/off-ramp infrastructure. The platform integrates with banking networks to enable secure and compliant transactions, essential for mainstream adoption.
3.3 Remittance: Stripe-Enabled Onboarding
LQUIDPAY uses Stripe to facilitate borderless remittance capabilities. Users can send and receive crypto globally with speed and transparency, addressing a $650 billion remittance industry long plagued by high fees and inefficiencies.
3.4 Savings: DeFi Yield on Zigchain (5-15%)
Perhaps the most revolutionary feature is LQUIDPAY’s decentralized savings mechanism. By leveraging DeFi protocols on Zigchain, users can earn real APY between 5-15% while maintaining full custody. These savings are transparent, auditable, and entirely on-chain, differentiating them from traditional bank interest models.
4. Technological Architecture
LQUIDPAY is built on Zigchain, a fast and scalable Layer-1 blockchain designed for decentralized finance. Its smart contract infrastructure ensures secure, real-time execution of financial operations. The self-custodial wallet integrates features such as PIN management, encrypted KYC, and direct card control, making the user experience both secure and intuitive.
5. Social and Economic Impact
The platform’s mission to bank the unbanked is not aspirational but practical. By offering low-cost financial tools, LQUIDPAY addresses financial deserts across Latin America, Africa, and Southeast Asia. Its hybrid compliance model ensures that regulatory requirements are met without compromising user autonomy, making it a viable alternative in both developed and emerging markets.
6. Leadership and Vision
Under the leadership of Shavez Ahmed Siddiqui, LQUIDPAY has gained recognition as a transformative force in fintech. In May 2025, the platform was awarded "Best Fintech Company of the Year" by Entrepreneur Middle East. Siddiqui's strategic vision is evident in every layer of the platform—from its self-custodial architecture to its global partnerships.
7. Conclusion
LQUIDPAY Deobank exemplifies how decentralized infrastructure can reimagine financial access and control. By delivering Visa-powered spending, seamless remittances, on-chain savings, and borderless conversions, LQUIDPAY is more than a bank alternative—it is a new financial reality. As the platform evolves, its mission to empower the 1.4 billion unbanked will remain its guiding principle.
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