Edge has partnered with Brazilian fintech company SmartPay to integrate their flagship product, Swapix. Swapix provides an easy and convenient way for Brazilian users to access digital financial services, particularly for the unbanked population. By making it easier for customers to participate in the growing cryptocurrency market, Edge and SmartPay are helping to bridge the gap between traditional financial services and the digital economy, creating a more inclusive financial system in Brazil.
With this integration, Edge users will be able to scan PIX QR codes natively in our app. PIX is a primary payment method used in Brazil that 95% of merchants utilize. Edge users will be able to take USDT on TRON, scan a PIX QR code at nearly any merchant in Brazil, and the transaction will settle in 15 seconds. No need to copy/paste or do a complex number of steps.
At no point in this process does a Brazilian user need to interface with a traditional bank – simply take USDT and send it to merchants. Together, we’re helping Brazil go bankless.
Edge & SmartPay
This partnership between Edge and SmartPay is set to revolutionize the way people think about traditional banking systems. With the rise of cryptocurrency, more and more people are starting to look for alternative financial services that offer more flexibility and inclusion.
Edge is a self-custody platform designed to meet the needs of users who value privacy, autonomy, and control, while making self-custody as simple and familiar as traditional web2 apps. This is accomplished via a simple username and password setup which is used to client-side encrypt and automatically back up users’ accounts. Combining a simple, self-custody interface that safeguards user privacy and a native crypto payment solution that facilitates commerce with nearly every merchant in the country makes the merger of Swapix and Edge a powerful pairing beneficial for Brazilians.
How to Send PIX Transactions in Edge
Currently, Edge has support for this feature using USDT on the TRON network. Users who hold USDT in their account, along with TRX to cover network fees, can make payments to any PIX QR code by simply following these steps:
- Tap on your TRON or TRON USDT wallet in Edge
- Tap on Send
- Scan or enter a PIX code
- Enter or confirm the amounts on screen
- Slide to confirm to send the funds out
After a transaction is sent, you will be able to review the transaction details if you need to see the information again, such as the PIX code, recipient name, amount sent, or any other notes.
In upcoming releases, we’re looking forward to expanding the relationship with Smartpay to facilitate more ways for Brazilian users to buy, sell, trade, and spend their crypto. To stay up to date with these developments, be sure to subscribe to our newsletter below. For any questions or concerns regarding this integration, please shoot us an email to email@example.com or submit a ticket here.