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Basal Pay

Basal Pay

Web3·Vietnam·basalpay.com

About Basal Pay

Basal Pay is a cryptocurrency-to-fiat conversion application designed for foreign nationals in Southeast Asia. Users deposit USDT and spend funds at participating local merchants through QR code transactions, without requiring a traditional bank account. The platform operates under a controlled sandbox pilot license issued by Vietnam, with a 36-month trial period based in Da Nang, making it the first entity licensed by Vietnam for crypto asset conversion operations. The system incorporates anti-money laundering and counter-terrorist financing compliance measures alongside transparent fee disclosure. Technical integrations include Tether for stablecoin issuance, 9Pay for payment processing, ChainTracer for blockchain transaction analysis, CUBE3 for security infrastructure, and Didit for know-your-customer verification. The service addresses the needs of expatriates and tourists who hold cryptocurrency but lack access to conventional banking services in the region.

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COMPANY INFORMATION
CategoryWeb3
CountryVietnam
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