Yodl Pay enables users to spend cryptocurrency, specifically USDT, at physical merchants by scanning local QR codes. Merchants instantly receive the equivalent value in their local fiat currency, facilitating seamless cross-border transactions. This service allows crypto holders to use their digital assets like local cash for everyday purchases without needing ATMs or bank intermediaries.
Funding
Funding not disclosed
Founders
Product
Problem
Sending and receiving cryptocurrency payments across different blockchain networks is often complex, requiring users to manage multiple wallets, navigate token swaps, and pay gas fees on each chain. This fragmentation creates friction and limits the accessibility of crypto payments for both individuals and businesses.
Solution
Yodl provides a cross-chain payment protocol that simplifies sending and receiving any token across different blockchains. By connecting a single wallet, users can send payments in any token, and Yodl automatically handles the token swaps, optimizes transaction routes, and sponsors gas fees. This enables fast, secure, and flexible payments, eliminating the need for intermediaries and reducing the complexities associated with cross-chain transactions.
Target Audience
Yodl targets individuals and businesses seeking a simplified solution for sending and receiving cryptocurrency payments across multiple blockchain networks.
Features
- Unified address for managing payments across all supported chains and tokens.
- Automated token swaps to facilitate payments in any token.
- Gas-free transactions through sponsored gas fees.
- Optimized transaction routing to ensure the best prices across all chains.
- Support for major EVM-compatible chains, including Ethereum, Polygon, Arbitrum, and Optimism.
- Fiat conversion through integration with services like Revolut, Venmo, and PayPal.
- Customizable receipts for business transactions.