Throughout the history of humanity, money has been evolving together with people, societies and politics. As the economical connections between individuals and businesses changed their forms, a new way of financial interaction emerged, tailored for their needs and efficiency. This is how banks, ATMs, internet banking, payment systems and, finally, crypto payment services entered the scene.
Today, the financial borders between countries are no longer an issue because of the new digital financial instruments that allow transferring money between different states and financial institutions. However, it still requires certain intermediary services with QR option to make this process as seamless as it can be, due to the specific financial legislations and regulations that vary in different regions. Let’s speak about APAC countries and how you can get crypto there.
QR-codes simplify multiple Internet interactions between people and information. This couldn’t help financial transactions more, as the direct ones require entering multiple data and take more time and effort. QR payments assist in providing fast and easy transactions as they already contain all the necessary information. It was adopted in crypto payments as well, providing a safe, time-saving and simple solution for topping up crypto wallets with crypto, and also facilitating fiat payments as the easiest way to buy crypto on a range of fiat gateways that support such payments.
Crypto QR-facilitated payments are widely used in a number of Asian-Pacific countries due to the fact that many of them adopt this tool for interacting between different banks due to the local specific financial establishment. The same way it works for them with cryptocurrency. Let’s observe the most popular onramp solutions in APAC that support the QR feature.
QRIS is a standard procedure for digital payments approved by Bank Indonesia. It implies a registration and verification with the approved QRIS provider. Then go to a ramp service that supports this payment method. When you buy crypto, QRIS pops up as one of the available options for payment. The most of exchanges and wallets like Bitget, Bybit, Metamask and ramp services like Swapple, Alcheamy Pay supports this methods.
UPI is an Indian digital payment system that facilitates cross-operable transactions without the additional costs. It uses an individual ID for each user, may it be a phone number, QR code or Virtual Payment Address – the choice is up to you. To purchase digital assets, choose this feature in the list of offered instruments.
In Thailand, there are several services to pay with QR. Cross-Border QR is a system approved by Bangkok Bank, but there are also other options, the most popular of which is Thai QR.
DuitNow is a popular instant payment system in Malaysia, similar to QRIS and UPI.
Here’s a concise guide on how to buy cryptocurrency using DuitNow:
The common thing between them all is the introduction of Swapple as the third party option for your payment. What does it mean? Swapple is a service that facilitates payments, choses the most beneficial fees and allows you to buy Bitcoins online instantly with little to no fee at all. It supports multiple local payment solutions from all over the world.
There are many local platforms that supports this methods, for example WazirX, Indodax, Luno, etc, but if you need more options of rates, merchants, third party payments the Bitget, Bybit, and Probit are those who provide the most beneficial rates and the widest available channel for local payment facilitators. Just choose the third party Swapple (Geo Pay) in the offered list for QR methods and proceed with your fast, and secure transaction with the rate from 1% to 8%, depending on the currency.
