Gbits Pay - Pay regular Swiss QR invoices with stablecoins.

Pay regular Swiss QR invoices with stablecoins VCHF, USDC or EURC on the fast Solana blockchain.

Gbits Pay directly connects companies with their customers by using stablecoins on the Solana Blockchain. No banks in betweeen anymore. It’s open. It’s faster. It’s cheaper.

Background and Mission

Gbits Pay is a step to integrate DeFi and stablecoins into daily life. It brings open permissionless innovation into the world of payments.

Try it:

Open your Phantom wallet, open enter this URL app.gbits.io, connect your wallet, scan and pay with stablecoin (USDC, EURC, VNX VCHF). You can even try it without having a Swiss QR invoice at hand.

Precondition:

The invoice issuer (biller) needs to accept stablecoins and his IBAN should be mapped to a Solana address or domain. The user (payer) needs to have one of the supported stablecoins.

Gbits Pay End-to-End Overview

With Gbits Pay, both the payee (company) and the payer (consumer) continue to use the well-established Swiss QR bill as their ‘interface’. The key difference is that payments are made with stablecoins, instead of traditional bank transfers. This eliminates the need for a financial intermediary between the payer and payee. Be aware that all transaction details are visible on the Solana blockchain.

Market: over 30 million Swiss QR invoices per month

Over 90% of the invoices in Switzerland are Swiss QR invoices. (Source: SIX Group)

Winner of Solana Encode 2024 SolanaFM Track

See the encode.club blog post with the winners.

Consumers, companies, sw providers, stablecoin issuers

Learn more about what Gbits.io can do for you.

Individuals (Payer)

Make a statement. Use your self-custody Solana wallet and stablecoins to pay your Swiss QR invoices.

Companies (Payees)

Accept ’tokenized money’ in the form of Solana based stablecoins (VCHF, EURC, USDC) for invoice payments.

Software Providers

Modify your applications to support Solana based stablecoins for Swiss QR invoice payments. The Bexio screenshot is intended as an inspiration, it’s not part of Bexio.

Banks and Stablecoin Issuers

The Gbits solution in combination with stablecoins is way simpler and easier to maintain than the traditional approach.

Integrated with these tools

Gbits is a thin layer. .

USDC stablecoin by Circle Inc.
EURC stablecoin by Circle Inc.
VCHF token referencing Swiss France (CHF)
Solana blockchain (mainnet beta)
Phantom Wallet (Solana)
SolanaFM block explorer
Swiss QR Code
Bexio - SME administration

Gbits Pay is a Software (not a financial service).

It works the same way as in your eBanking app.

The payee (usually a company) needs to accept one of these currencies: USDC, EURC, VNX VCHF.
The payee (usually a company) should have its IBAN verified by Gbits Pay team.
Gbits Pay performs a simple sanctions check
Scan the QR bill and confirm the payment
No software installation needed