Description
Basal Pay, operated by ALPHATRUE SOLUTIONS JSC, provides a conversion solution for foreigners in Southeast Asia allowing local-like cashless transactions without needing a local bank account. Users top up USDT into an in-app wallet, scan a merchant's QR code, and instantly convert crypto to fiat to pay for goods and services, with transparent transaction records and no hidden fees. Basal Pay states it is the first unit licensed to operate a controlled pilot testing program in Vietnam, supporting exchange of crypto assets for fiat currency in a manner compliant with international anti-money laundering and counter-terrorism financing regulations, with a 36-month trial period in designated sandbox areas in Da Nang. Typical users are foreign travelers, workers, and residents in Southeast Asia needing everyday local payment capability using crypto assets.