Terminus is a payment association and PayFi solution that aims to bridge cryptocurrency and real-world transactions by enabling crypto payments using existing QR codes. It seeks to allow users to pay with cryptocurrency at merchants that use fiat-currency payment QR codes, with the merchants receiving payment in regular bank money.

Overview

Terminus aims to connect the Web3 and real-world economies by facilitating cryptocurrency payments in everyday transactions ^[1]. It works by allowing users to scan existing fiat-currency payment QR codes with the Terminus app and pay with cryptocurrency ^[1]. The payment is then processed, and the merchant receives the payment in fiat currency ^[1]. This process seeks to eliminate the need for merchants to set up new payment QR codes or replace their existing POS systems ^[1].

Terminus is focused on building a strong ecosystem through its Payment Association, connecting major players in the crypto and traditional payments industries ^[1]. The association aims to make cryptocurrency a more practical option for everyday transactions ^[1]. Terminus is currently live in Thailand, with plans for phased expansion into other markets ^[1].

Terminus is supported by the AEON PayFi Protocol and Alchemy Pay crypto payment aggregator ^[1]. Terminus is available through the Terminus & AEON app, which supports various Thai payment codes with global rollout in progress ^[1].

Products

Terminus offers a universal payment solution that works with existing QR codes, eliminating the need for new codes ^[1]. Users can pay in cryptocurrency by scanning fiat-currency-only payment QR codes using the Terminus & AEON app ^[1]. Merchants receive payments as regular bank money, without needing to convert cryptocurrency into fiat currency ^[1].

Key Features

• Universal Payment: Works with existing QR codes ^[1].
• Crypto Payment: Allows users to pay with crypto at merchants using fiat payment QR codes ^[1].
• Fiat Settlement: Merchants receive payments in fiat currency ^[1].
• No Currency Conversion: Eliminates the need for currency conversion ^[1].
• No Registration Required: Activation does not require registration ^[1].
• No Top-Up Required: Users do not need to top-up their accounts ^[1].
• No New QR Codes: Merchants do not need to set up new payment QR codes ^[1].
• No New POS Machine: Merchants do not need to replace or purchase new POS machines ^[1].
• No Sign-Up Required: Merchants do not need to sign up ^[1].

Ecosystem

The Terminus Payment association is an open coalition initiated by Terminus, primarily aimed at facilitating the integration of cryptocurrency payment into the real world. Its membership comprises essential stakeholders and infrastructures providers from both the cryptocurrency space and traditional flat payment systems including:

• Terminus.network: The core platform .
• AEON PayFi Protocol: A supporting protocol .
• Alchemy Pay: A crypto payment aggregator .

Use Cases

Terminus can be used in various scenarios:

• Retail Payments: Customers can pay for goods and services at stores using cryptocurrency, while merchants receive fiat currency ^[1].
• Restaurant Payments: Diners can pay their bills with cryptocurrency, and restaurants receive payments in their local currency ^[1].
• E-commerce: Online shoppers can use cryptocurrency to make purchases, with merchants receiving payments in fiat ^[1].

Architecture

Terminus leverages existing QR code payment infrastructure to facilitate crypto payments. Users scan the merchant's QR code using the Terminus & AEON app, select their preferred cryptocurrency, and authorize the payment ^[1]. The system then converts the cryptocurrency to fiat and transfers it to the merchant's account ^[1].

Partnerships

Terminus has formed strategic partnerships to expand its ecosystem and reach:

• XDB CHAIN: A Layer 1 blockchain platform ^[2].
• Alchemy Pay: A crypto payment aggregator ^[3].
• AEON: A PayFi protocol ^[3].

Support

Terminus is currently live in Thailand, with plans for expansion to other markets ^[1].

Terminus enables crypto payments using existing QR codes ^[1].