TrustLinq, a Swiss-regulated financial intermediary, has launched a payment platform that allows users to pay anyone globally directly from their cryptocurrency holdings without the need for a traditional bank account.
Key features of the platform
1. Global transfers and local currencies:
The platform allows transfers in over 70 local currencies, using the available local payment pathways. Additionally, TrustLinq will expand payment options to include its debit cards, which are scheduled to launch in the first quarter of 2026.
2. Targeting individuals and businesses:
The platform targets both individual users and businesses, allowing them to settle a wide range of expenses and operational payments, such as:
* Rent.
* Tuition fees.
* Employee salaries (Payroll).
* Vendor services.
* General operational costs.
3. Overcoming adoption barriers:
TrustLinq addresses a major barrier to the adoption of cryptocurrencies in everyday financial transactions, which is the need for recipients to hold cryptocurrencies or modify their banking arrangements to receive them. Through this platform, recipients are paid in fiat currency directly.
Regulation and operational model
Oversight and non-holding of funds:
TrustLinq operates under strict Swiss compliance oversight and standards. It adopts a non-custodial model, meaning it never holds customer funds.
How it works:
The solution provided by TrustLinq relies on the existing banking infrastructure of the recipients, simplifying the process of directly paying fiat currency from cryptocurrencies, enabling international transactions without the complications or inefficiencies that existed in previous methods.
Vision and CEO certification
The platform is designed to serve a variety of entities, including:
* Trading companies.
* Affiliate marketing networks.
* Software as a Service (SaaS) companies.
* E-commerce companies.
* Cryptocurrency holders from individuals.
In this regard, Sharon Gal Franko, the CEO of the company, emphasized the growing global demand for practical and legally compliant tools for fiat currencies. He noted that with over 580 million cryptocurrency users worldwide, tools that allow spending in the real world are increasingly vital.
The launch of the anticipated debit card from TrustLinq will expand the platform's functionality, allowing purchases funded directly with cryptocurrencies at traditional merchants.