YPT (Your Private Treasury) is a cryptocurrency payment platform that enables users to spend digital assets like traditional fiat currency through virtual and physical cards accepted by merchants worldwide.

Overview

YPT operates as a bridge between cryptocurrency holdings and everyday spending needs. The platform allows users to load cryptocurrencies such as USDT, USDC, BTC, and ETH onto virtual or physical cards, which can then be used for purchases at over 130 million merchants globally. YPT is developed through a collaboration between YPT Company and RedotPay, combining fintech expertise with cryptocurrency payment infrastructure ^[1].

The platform addresses a key challenge in cryptocurrency adoption: the ability to use digital assets for everyday transactions without first converting them to fiat currency. By providing seamless payment solutions, YPT aims to make cryptocurrency more practical for daily use while maintaining the security and privacy features that cryptocurrency users value ^[2].

Products and Services

Virtual Card

YPT's primary product is its virtual card offering, which includes several key features:

• Easy application process with instant global payment capabilities
• Support for multiple cryptocurrencies (USDT, USDC, BTC, ETH) with automatic conversion to fiat for purchases
• Integration with major payment platforms including Apple Pay and Google Pay
• No requirement for advance fiat conversion before making purchases ^[2]

Physical Card

YPT is also developing a physical card option with additional features:

• Contact-based payment functionality for in-person transactions
• ATM withdrawal capabilities for accessing cash
• The same cryptocurrency support as the virtual card ^[2]

Cryptocurrency Support

Users can fund their YPT cards with multiple cryptocurrencies:

• USDT
• USDC
• BTC
• ETH ^[3]

Features

YPT offers several distinctive features that differentiate it in the cryptocurrency payment space: ^[12]

• Global Merchant Acceptance: Cards are accepted at over 130 million merchants worldwide ^[12]
• Multi-Currency Support: Users can recharge their cards with various cryptocurrencies including USDT, USDC, BTC, and ETH ^[12]
• Mobile Wallet Integration: Compatible with Apple Pay, Google Pay, and other payment platforms ^[12]
• No Advance Conversion: Users don't need to convert their crypto to fiat before making purchases ^[12]
• Identity Verification: KYC (Know Your Customer) procedures to ensure security and regulatory compliance ^[12]
• PIN Protection: Enhanced security through PIN code settings ^[12]
• Spending Limits: Customizable transaction limits for added security ^[12]

Ecosystem

The YPT ecosystem consists of several interconnected components:

Mobile Application

The YPT mobile app serves as the central hub for users to manage their accounts, apply for cards, deposit cryptocurrency, and track transactions. The app is available for both iOS and Android devices .

Payment Infrastructure

YPT leverages existing payment networks to enable cryptocurrency spending at traditional merchants ^[13]. This infrastructure includes:

• Integration with major payment processors
• Cryptocurrency-to-fiat conversion systems
• Merchant acceptance networks ^[14]

Use Cases

YPT cards can be used across various spending categories:

• Travel: Hotel bookings, flight purchases, and transportation services
• Shopping: Online and in-store retail purchases at major merchants like Amazon, Hermes, Louis Vuitton, and others
• Entertainment: Gaming purchases and digital content subscriptions
• Social Media: Payments on platforms like TikTok, Facebook, and YouTube
• Food and Beverage: Restaurant and coffee shop purchases
• Ride-sharing: Services like Uber
• Subscription Services: Including ChatGPT memberships

Architecture

YPT's system is built on several key components. This includes:

User Interface Layer

The mobile application provides the front-end interface for users to interact with the YPT system, manage their accounts, and control their cards . ^[9]

Security Layer

YPT implements multiple security measures:

• KYC verification for user identity confirmation
• PIN protection for transactions
• Customizable spending limits
• Secondary authentication via WhatsApp for enhanced security ^[9]

Compatibility

YPT is compactable with numerous popular services and retailers. Some of which includes:

• E-commerce: Amazon, AliExpress
• Social media: TikTok, Facebook, YouTube, Telegram
• Transportation: Uber
• Food and beverage: Starbucks
• Payment services: PayPal ^[2]

Partnerships

YPT has established several partnerships to enhance its ecosystem:

• RedotPay: A crypto payment solutions provider that secured $40 million in Series A funding led by Lightspeed. RedotPay powers YPT's payment infrastructure ^[1]
• ZeroSpace: A "value layer of social networks" that transforms social media handles into universal crypto payment addresses ^[6]
• 4Metas/PLAYER DAO: A partnership focused on on-chain gaming and payments ^[7]
• SpiderPool: Listed as a business partner on the YPT website ^[2]
• XHash: Listed as a business partner on the YPT website ^[2]
• SumSub: Listed as a business partner, likely providing KYC verification services ^[2]