Thellex, a fintech platform built using Yellow Network's software development kit, has launched a hybrid payment system that enables merchants and consumers to transact with cryptocurrency through point-of-sale terminals and virtual cards. The Thellex POS terminal processes instant, low-cost transactions through Yellow Network's off-chain and cross-chain settlement architecture, while the companion Thellex Social application allows users to accept USDT and USDC stablecoins and spend them at retail stores, online merchants, or from home.
What to Know:
- Thellex integrates Yellow Network's off-chain settlement channels, multi-chain liquidity routing, and clearing nodes to create cross-border payment infrastructure
- The platform offers both merchant-facing POS terminals for accepting cryptocurrency and consumer-facing virtual cards for spending digital assets
- Services include on-ramp and off-ramp conversion between crypto and fiat with real-time settlement and immediate fund availability
The platform addresses a persistent friction point in cryptocurrency adoption by eliminating the conversion delays typically associated with digital asset transactions. Users can accept stablecoin payments instantly and spend their cryptocurrency holdings without waiting periods or manual conversion processes.
Thellex's infrastructure relies on Yellow SDK, a chain-agnostic development toolkit designed to bridge traditional Web2 and emerging Web3 development practices.
The Yellow SDK abstracts away blockchain complexity by providing a single integration layer that handles all chain-specific logic, allowing applications to work across different blockchain networks without requiring separate implementations for each.
The toolkit enables off-chain execution for real-time interactions while maintaining blockchain-level security, addressing one of the most significant pain points in cryptocurrency user experience: waiting for on-chain transaction confirmations.
The payment system encompasses three core functions. The platform provides seamless conversion between cryptocurrency and fiat currency with near-instant transfers. Merchants can accept both traditional fiat and cryptocurrency payments with minimal technical setup requirements. The system delivers real-time settlement with immediate fund availability through what the company describes as lightning-fast transaction finality.
Thellex positions itself as infrastructure connecting cryptocurrency holders with everyday payment scenarios rather than a standalone crypto application. The platform handles transaction processing and integration for real-world payment applications while managing a waitlist for prospective participants.
The company's approach reflects broader efforts within the fintech sector to reduce barriers between digital assets and conventional commerce. By embedding wallet functionality, payment processing, and settlement capabilities into familiar payment interfaces, Thellex aims to enable cryptocurrency transactions without requiring users to learn new interfaces or manage complex blockchain wallets.
Closing Thoughts
Thellex leverages Yellow Network's settlement architecture to provide merchants with cryptocurrency acceptance capabilities and consumers with spending options through its dual offering of POS terminals and virtual cards. The platform's emphasis on instant conversion and real-time settlement targets practical cryptocurrency adoption in everyday transactions.
ALT TEXT:
Thellex launches crypto payment system with instant USDT and USDC processing for merchants and consumers