Using blockchain for transactions other than buying and selling cryptocurrencies

[rakhee]

I am a newto the world of crypto-currency and blockchain and I need to do POC on below requirement:

Can some one help me with below queries:

Need to develop a wallet based mobile app.

This app will on-board registered user's money to wallet using below financial methods like

• Direct deposit
• Check image deposit ( user will authorize app provider to encash check deposit in his account and specified money will be credited to his wallet. its useful for those users who don't have their bank accounts)


We have a new requirement where client wants to store transaction on distributed ledger happening in app.

Requirement is we need all financial transactions possible to be facilitated via the blockchain.
and then use these blockchain entries to mint and redeem stable coins.

My understanding is blockchain can be used for transactions related to buying and selling of crypto currencies and not for storing any other kind of transactions

Can anyone help me understand that if this requirement is feasible ?
If yes , can provide some pointers that can help me to implement this POC


Regards

[Fareedah27]

I would advice you to use a privacy wallet Blockchain as it’s the best to safeguard funds