Fiat Deposit & Verification

The ToroForge SDK allows registered projects to receive fiat currency deposits into user wallets on the Toronet blockchain, including NGN, USD, EUR, KSH, and more.

This process mimics traditional banking UX, but settles the value directly on-chain.

🧭 How It Works

  1. User initiates a deposit with an amount and currency.

  2. SDK returns bank account details for transfer or payment link.

  3. User completes the payment (via card, bank, or wire).

  4. Admin calls verify deposit using the returned transaction ID.

  5. The wallet is funded automatically on Toronet.

⚙️ Requirements

Before you can use these features:

  • You must register your project on https://payments.connectw.com.

  • You will receive:

    • Admin Wallet Address

    • Admin Wallet Password

  • These credentials are passed into the SDK methods.

🔁 Initialize a Deposit

import { depositFunds, Currency } from 'torosdk';

const depositInfo = await depositFunds({
  userAddress: '0xWalletAddress',
  username: 'torousername',
  amount: '1000',
  currency: Currency.Naira,
  admin: 'adminWalletAddress',
  adminpwd: 'adminPassword',
});

🔄 Supported Currencies (Currency Enum)

enum Currency {
  Naira = "NGN",
  Dollar = "USD",
  Euro = "EUR",
  Pound = "GBP",
  Kenyan_Shilling = "KSH",
  South_African_Rand = "ZAR",
}

📦 Response Example

{
  "paymentlink": "https://connectw.com/pay/...",
  "accountnumber": "2039932299",
  "bankname": "ExampleBank",
  "amount": "1000",
  "txid": "TX10294-TORO"
}

Use either the paymentlink or show the account number and bank name to the user.

📥 Verify Deposit

Once the user completes payment, you can finalize it:

import { verifyDeposit } from 'torosdk';

const success = await verifyDeposit({
  currency: 'NGN',
  txid: 'TX10294-TORO',
});

If the verification is successful, the Toronet wallet is funded immediately.

🧩 Use Cases

  • Add fiat onboarding to Web3 apps

  • Enable wallet top-ups in localized currency (NGN, KSH, etc.)

  • Integrate verified deposit flows into financial platforms or fintech apps

⚠️ Notes & Best Practices

  • Always validate that a txid is returned before verifying.

  • Store returned txid and map to your internal transaction logs.

  • For higher amounts, KYC verification may be required (see KYC & Identity).

🔗 Related Docs

PreviousToken & BalancesNextKYC & Identity

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