ScanSetu

Week 9 at ScanSetu 🇮🇳 📊 3,745 users 🛒 2,700 orders 💵 $22.5K USDT settled This week we crossed 100 orders/day. ~$917 of USDT settling into Indian merchant UPI accounts every day. Avg ticket $8.30 — chai, groceries, recharges, not whales. W-o-W: orders +29%, volume +32%, users +18%. Volume outpacing users = retention working. Zero paid acquisition. Zero KYC under $50/day. The rail just runs. ⚡

This is happening on the consumer side in India too. ScanSetu lets consumers pay any Indian merchant's UPI QR using stablecoins. Settlement to INR in ~10 seconds. The consumer never opens a wallet. The merchant never onboards anything. 57 days live, 3,580 users, 2,500 orders, $21.5K USDT settled. Fully organic. The "$ moving like content on the internet" thesis stops being a thesis when the money lands in the rail people already use.

I’m a payments geek, and I’m having so much fun playing with the capabilities we’ve built @lightspark. I can beam money in realtime almost anywhere around the world in any fiat or stablecoin 24/7. This is what I always wanted. Moving $ like any other content type on the Internet.

India runs on QR codes. 22.35 billion UPI transactions in April. 745 million a day. ScanSetu is the bridge: scan any UPI QR, pay in USDT, merchant gets INR in ~10 seconds. No cards, no merchant onboarding, no apps for the payer. 3,180 users. 53 days live. Fully organic. Crypto belongs where the money already moves.

@adityachk2002 @weareWeb3Mumbai @Pizza_DAO @RarePizzas @simarpreet_019 @PizzaDAOCrew @BitashaIndia mumbai web3 always shows up properly 👌 bombay's the city where laszlo's loop actually closes — every pizza shop accepts UPI, every wallet here holds USDT. the rails just have to meet. happy pizza day 🍕

The best Pizza Party 🍕🥳 Mumbai ⚡ @Pizza_DAO @RarePizzas @simarpreet_019 @PizzaDAOCrew @weareweb3mumbai @bitashaIndia

paid with scansetu #03 real message from our support chat today. "never touched anything else since i started scansetu. 2 more family members started using it recently." we don't have a "support team" yet. it's just us answering. one by one. this is the only kind of growth that compounds.

@simarpreet_019 @Pizza_DAO @Web3Panjab @RarePizzas @ECHInstitute @brave 🙌 reaching out — would be great to plan pizza day 2027 properly.

@ScanSetuPay @Pizza_DAO @Web3Panjab @RarePizzas @ECHInstitute @brave Sounds interesting, looking forward to connect

Part of hosting events always ends up finding pics through social media cos you forget to click it 😂. 2 months of planning with @Pizza_DAO and it was so much fun hosting Global BTC Pizza party in 50+ cities across India this year 🥳. Will be sharing a compilation video soon.

infra that performs when demand hits is the only kind that matters. shipping payments on polygon for india — UPI QR + USDT, INR settled in seconds. small numbers today ($22K, 57 days), but the rail has held up under every load we've thrown at it. building on infra that's built for this.

"Trillions don't move on theory. They move on infrastructure that performs when demand hits." already processed $2.4T+ in stablecoin volume, more TRILLIONS to come. max TPS keeps scaling toward what global payments need. built for whats coming 💜

@CapCaptainteemo @iamgaurangdesai @tyinlife x.com/ScanSetuPay/st…

@iamgaurangdesai @tyinlife what do we have for india ?

every country i visit, i run the same experiment - can i live here without touching fiat. only crypto most places i get lucky and find something. a card, a merchant, a workaround. some places nothing works yet over a week in bali, i found the wallet thanks to @tyinlife built by a local balinese dev. converts crypto to idr instantly. been paying cab drivers, bike rentals, local warungs with it for days → they receive idr straight into their bank account and don't even know they got paid in crypto works across major chains. ethereum, a few l2s, tron, bnb. still early beta but already smoother than half the production apps in the space what makes it actually usable → cash out crypto directly to any local bank account → transfer straight to indonesian e-wallets → pay utility bills through the same app. electricity, water, phone, all settled with crypto in the background no extra steps. no friction. it just works here's the part that actually excited me - i onboarded 2 cab drivers onto it myself now they can hold stablecoins instead of watching the rupiah quietly lose value every month. a driver in bali getting dollar-denominated savings with no us bank account, no paperwork, no permission for sure with with a limit in transactions and amounts - its decent enough i can say this is the whole thesis in one transaction - crypto doesn't change the world by being loud. it changes it by disappearing into the background and quietly fixing something real the best builds in this space don't feel like crypto. they just feel like things that finally work. anon if you are in indonesia or bali hit me up so that you can have the same experience and support locals small actions. real impact. that's the way

reading this felt like reading our roadmap from 18 months ago. india version is live — UPI QR + USDT, no merchant onboarding, INR settles in seconds. cab drivers in bangalore, kirana stores in nagpur, same pattern as your bali drivers. the global south is quietly shipping this. each country needs its own rail.

@mxmnci we built both directions for india. UPI → USDT (buy): one tap, no KYC under $50/day. USDT → UPI QR (spend): pay any of 350M merchants, INR settled in seconds. UPI is the apple pay equivalent here. the "no BS in between" version is already shipped.

who is working on the best white labeled / headless onboarding experience in crypto? apple pay -> crypto, no BS in between

The hybrid system is already running on the consumer side in emerging markets. ScanSetu lets Indian consumers pay any UPI QR code using stablecoins. Merchants receive INR in ~10 seconds. The consumer never touches a wallet. The merchant never onboards anything. The bank rail (UPI) and the crypto rail (stablecoins) just work together in the background. 57 days live, 3,580 users, 2,500 orders, $21.5K settled. Fully organic. The "hybrid" is what happens when stablecoins meet the local rail people already use.

“There need not be a conflict between crypto finance and traditional finance… We’re going to have a hybrid financial system.” – @RepRitchie at Circle Current NYC

16 years ago: 10,000 BTC for 2 pizzas. today in india: scan Domino's UPI QR → pay USDT → pizza in 30 min. happy pizza day 🍕

@VidarbhaDao @simarpreet_019 @Pizza_DAO @anshitaksoni @chirgagrwl5 @gyan_w3b laszlo paid 10,000 BTC for two pizzas in 2010. india 2026: scan any pizza shop's UPI QR, pay with USDT, pizza arrives. ~$0.10 minimum. we finally made the meme work in INR.

Celebrating 16th Bitcoin Pizza Day from Nagpur 🧡

paid with scansetu #02 a user sent us this photo from his momos plate. 9 payments in. no issues so far. "scan setu 😍 — just want a payment pin and wallet safety on the website." heard. building it.

Respectfully — social-first finance is the western frame. In EM the unbuilt opportunity is payments-first finance. Not "buy coins with friends." Pay the chai-wala, the rickshaw, the kirana — with stablecoins, on the QR rail people already use. ScanSetu — 3,180 users, 53 days live, fully organic. The "boring" wedge is the one that's quietly winning.

Crypto is Finance + Social. We've mostly solved the finance part. TradFi on crypto rails is accelerating fast. But we haven't cracked the social part, which baffles me because social is crypto's biggest unique feature and we all know it. It's why we stay in this space despite better opportunities in AI and equities. Why we buy coins just because some CT guy we respect shilled it. The idea of aping together is uniquely crypto - it makes the W more glorious and the L less painful. Yet despite all the signs pointing to this, no product has captured this zeitgeist and worse, everyone has already written off experiments in this sector as doomed. Instead we're busy trying to out-Robinhood Robinhood when we're ignoring the biggest opportunity staring us in the face: social-first finance. The first person to build this won't just conquer crypto- they'll own the future of finance and make crypto the envy of the world again.

@k4komaaaal ScanSetu — stablecoin → UPI in india. scan any UPI QR, pay with USDT, merchant gets INR in seconds. no app for the merchant, no behavior change. 53 days live,3500 users , $18.3K settled, fully organic. happy to walk you through the flow if useful for the video.

Which stablecoin product should I feature next? This video series is one of my favourite things I’m making rn I’ve worked on marketing for stablecoin payment products so the space feels close to home, wanted to put that into something real covering updates, fundamentals, analysis, all of it 3 episodes in would love to know what you’re using or watching in stablecoins rn(on solana, eth, anything) drop it below and i’ll cover it next 👇

merchant pays zero. spread sits on the buyer side, baked into the USDT→INR rate. the unlock: every UPI merchant in india was already onboarded on day one. 350M+ existing QRs, zero new hardware, zero merchant-side change. we monetize the buyer. merchant doesn't even know crypto touched the transaction.

@ScanSetuPay That's a pretty cool start. What's the fee you charge the merchant for that conversion today, for example?

Anyone building on the acquirer side of stablecoin payments needs to understand that chain orchestration is a must in all the products. Even if, on the issuer side, you have a new bank and you're building a specific blockchain, just give everyone the opportunity to move their funds in. That should be like a no-brainer for a seamless, smooth internal transaction move of money. Here is a picture of @MoonPayCommerce on the options that they support, which are usable. I think it still needs a #lightningnetwork rail for the BTCers niche.

right direction — that's the merchant-side v2. current wedge is buyer-side: buyer pays USDT, merchant gets 100% INR in their existing UPI account. zero merchant onboarding, zero wallet, zero behavior change. merchant-choice splits (hold stablecoin vs convert to INR) is the natural next layer once merchants are ready to hold.

@ScanSetuPay Yes, that should be like an alternative, right? The merchant will decide how much of the money they want to be held in a stablecoin-funded wallet and how much they would like to have in their Indian bank via UPI.