Across most Asian countries, merchants and street vendors accept payment via QR code. The incredible prevalence of this modality is relatively recent - fiat QR-based payment systems proliferated across Asia during the pandemic when underbanked and mostly cash-based economies were forced to go digital.
Ripe connects crypto wallets and other applications to these QR payment rails.
When our user scans a QR, we spin up a wallet address matching the banking info embedded in that QR. The user then sends stablecoins to that address, and we send fiat to the merchant.
The merchant doesn’t need to know anything about crypto, there’s nothing for them to adopt.
Imagine using your stablecoins to pay for your morning coffee, groceries, or even a taxi ride, just like you would with local currency. Ripe makes this a reality, connecting your non-custodial crypto wallet directly to the everyday QR payment systems used by millions of merchants. No more converting, no more hassle – just simple, instant crypto payments for real-world purchases.
For many in Southeast Asia, stablecoins are a primary medium for earning, especially for online workers and those receiving remittances. However, existing off-ramps often lead to traditional banks that many don't use, forcing reliance on informal gray-market brokers. Ripe solves this by providing a direct, user-friendly bridge from your crypto funds to your local fiat e-wallet.
Crypto wallets, centralized exchanges (CEXs), and other fintech applications can enhance their offerings by natively integrating Ripe's payment functionality. Instead of requiring users to leave their platform for off-ramping, you can enable them to scan fiat QR codes directly within your app's camera and pay with their crypto, creating a seamless and powerful user experience.
For individuals and businesses who receive stablecoins regularly but prefer to use fiat for their daily operations or expenses, Ripe offers a managed receiving solution. You can generate a dedicated crypto wallet address from Ripe, and any stablecoin deposits to this address are automatically converted to fiat and sent directly to your linked personal e-wallet. This streamlines the process of receiving crypto and using it as local currency, without the need for manual conversions.
Managing international payroll or mass payouts to a distributed workforce and network of partners can be complex, costly, and slow using traditional banking systems. By incorporating Bridge's stablecoin orchestration capabilities with Ripe's local fiat disbursement network, we offer a seamless, efficient, and transparent solution for businesses to send fiat payments globally, powered by the speed and efficiency of stablecoins. The crypto complexity is entirely hidden, ensuring recipients get local currency directly into their e-wallets or via QR.
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