BraidPay is a financial platform that enables users to manage their funds through a self-custody model, providing direct control and ownership of assets. It facilitates secure and efficient global transactions for individuals, businesses, freelancers, and charities, addressing the complexities of cross-border payments.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cross-border payment systems often involve high fees, slow transaction times, and currency conversion complexities, creating friction for individuals and businesses engaged in international transactions. Many platforms lack transparency and control, leaving users vulnerable to hidden costs and potential third-party access to their funds.
Solution
BraidPay is a financial platform that leverages stablecoins and multi-party computation (MPC) to provide a secure and efficient solution for global payments. The platform enables users to manage and receive stablecoins across multiple networks with gas fee-free transactions. BraidPay's self-custody wallet ensures users maintain full control over their digital assets, eliminating third-party access. It facilitates instant settlements and currency conversion, allowing users to convert digital dollars to local currency and vice versa.
Target Audience
BraidPay primarily targets freelancers, B2B businesses, AI agents, e-commerce platforms, charities, and remittance services seeking a cost-effective and secure solution for cross-border payments.
Features
- Self-custody wallet powered by MPC and smart wallet technology for enhanced security and user control
- Support for multiple stablecoins (USDC, USDT, PYUSD) and networks (Ethereum, Solana, Base, Polygon)
- Real-time settlement feature for instant payment confirmation
- Built-in Anti-Money Laundering (AML) and fraud detection, leveraging services like Chainalysis
- On-ramp and off-ramp functionality for easy conversion between digital dollars and local currencies
- Payment links and invoicing tools for streamlined payment collection
- Webhook integration for real-time event notifications and automated service delivery