Tap to Pay for Crypto™
Spend your Digital Assets with Virtual Cards
Demo video depicting Basepay concept in action.
The first way to spend crypto in millions of locations globally.
Basepay will enable online and contactless crypto-payments. Simply connect any crypto asset in your wallet to a Basepay virtual card. At the moment of your transaction Basepay will exchange your crypto to fiat to settle the transaction in just seconds.
Spend any asset in your digital wallet.
Access thousands of assets.
Transact peer 2 peer with no middleman.
Use 2FA, Touch-ID or Pin-code login for security.
Connect up to 6 assets to one card and Basepay’s algorithm will calculate the best asset to spend at the moment of your transaction. This automatically saves you money every time you spend your digital assets.
Quickly and easily connect your bank accounts to facilitate payments. Basepay will leverage Plaid to instantly verify your bank account ownership and balance in real-time, enabling deposits and withdrawals via ACH.
The growing mobile penetration with improved payment infrastructure and data connectivity presents a significant opportunity for the growth of NFC-enabled mobile payment solutions like Basepay. Mobile hardware and software providers such as Android support 3 modes of operation: reader/writer mode, P2P mode and card emulation mode. Apple allows access to the iPhone’s NFC hardware through it’s framework Core NFC.
Stop transactions if the value of your digital asset temporarily drops. Basepay prevents spending during volatile downswings through minimum ‘asset value limits’ on virtual cards. Applications like Basepay will further stabilize the price of digital assets by making any digital asset spendable anytime, anywhere.
Basepay’s virtual card system is fee-less. We will leverage the Stellar Consensus Protocol to make financial transactions fast, free, and secure.
Ready & equipped in billions of devices, NFC antennas work under the same wireless standard as a plastic bank card (ISO 14443). Accordingly, NFC antenna of the phone could be used as an interface between Secure Element and a bank POS terminal.
Basepay’s choice to leverage NFC technology is based on growth and adoption. The global near field communication (NFC) market size was valued at USD 4.80 billion in 2015 and is expected to reach 50 billion by 2024.
Basepay will offer a merchant-mode UI built into the existing application. Merchant mode can turn any smart device into a POS system without the need for 3rd party hardware. Merchant-mode will enable sub-accounts (employees) to login under a unique ID and accept payments that will fund directly into the account owners wallet.
Basepay will offer checkout functionality through NFC compatible devices enabling tap to pay technology at the flick of your wrist. Digital payments are made instantly and securely with Basepay virtual cards on watch OS.
Basepay will enable consumers to spend crypto and merchants to accept digital assets worldwide. Merchants processed a total of $20.600 trillion on credit cards in 2016 and projected to reach $52.390 trillion in 2026.
Near Field Communication (NFC) is a fast, intuitive technology that lets you interact securely with the world around you with a simple touch. NFC wireless proximity technology is available in 40 million stores and billions of smartphones, tablets, consumer and industrial electronics—with new devices on both sides arriving almost daily.
9,500 reservations made for early access.
Contactless payment technology is growing rapidly. According to a Business Insider Intelligence report, in-store digital payments will be worth an estimated $500 billion by 2020. Basepay will utilize emerging technologies to make fee-less digital payments a reality.