Description.
Ripe Money PTE LTD is a stablecoin payments platform for Asia, founded in 2023 by Chuck Lam (CEO) and Sam Silver. The company was born in The Philippines when Lam, a serial founder with a PhD from Stanford, created a crypto gaming guild and discovered unbanked players with sophisticated crypto knowledge but no way to cash out their earnings. Ripe solves the gap between stablecoins and everyday spending by connecting crypto wallets to existing QR-based e-wallet payment rails across Southeast Asia. The platform serves freelancers, online workers, and consumers who earn in stablecoins but need local fiat currency for daily spending.
Ripe currently supports USDT, USDC, and USDG on Solana and Aptos, with near-term plans to support Base, Stellar, Celo, Stable, and Plasma. The company is registered as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN) and partners with Tether as a launch partner for the t-0 payment network. Ripe raised $2M in a Pre-Seed round on September 29, 2022, led by Alliance VC and Earlybird Venture Capital. The company is backed by Alliance DAO and integrates with over half a dozen payment processors across the ASEAN region.
Key Infrastructure.
Pay Merchants with Stablecoins via QR
Users scan existing merchant QR codes (QRPh, PayNow, PromptPay) with their crypto wallet, Ripe translates fiat amount to stablecoins, user signs transaction, and Ripe's local payment partner disburses fiat to merchant. No merchant adoption needed.
Off-Ramp to Personal Fiat E-Wallet
Users convert stablecoins directly to local fiat sent to their e-wallet (GCash, GrabPay, etc.) with competitive fees (~2% on $100 transaction), bypassing traditional banks and gray-market brokers.
SDK for Apps & Exchanges
Crypto wallets, CEXs, and fintech apps can natively integrate Ripe's payment functionality, enabling users to scan fiat QR codes directly within their app's camera and pay with crypto.
Managed Stablecoin-to-Fiat Receiving Account
Businesses and individuals generate a dedicated Ripe-managed crypto address; any stablecoin deposits are automatically converted to fiat and sent directly to their linked personal e-wallet.
Payroll & Payouts in Fiat
Businesses use Ripe + Bridge integration to send international payroll and mass payouts in local fiat currencies, powered by stablecoins for cross-border efficiency without recipients needing crypto knowledge.
t-0 Network Integration
Ripe serves as primary infrastructure node for USDT-to-fiat settlement across ASEAN and APAC region as Tether's launch partner for the institutional-grade programmable settlement network.
Additional Features.
Auto-conversion
Automatic token conversion at checkout using DeFi protocols, allowing customers to pay with any supported token while merchants receive their preferred token.
Multi-chain Support
Accept payments across 10+ blockchains simultaneously including Ethereum, Solana, Base, Optimism, Arbitrum, Polygon, BNB Smart Chain.
WalletConnect Integration
Support for 100+ wallets via WalletConnect standard, Coinbase SDK, Solana Pay, and Solana Mobile Wallet Adapter.
Stablecoin Support
Accept and auto-convert to USDC, USDT, DAI and other stablecoins, providing price stability for merchants receiving crypto payments.
Payment Callbacks/Webhooks
Real-time payment status updates enabling automated workflows and seamless user experiences when payments are completed on blockchain networks.
Dashboard & Analytics
Real-time payment tracking and analytics via app.depay.com with insights into payment volumes, trends, and transaction history.
