Cray
Cray is a payment platform that enables merchants to accept stablecoin payments from customers worldwide. It is designed for everyday commerce, allowing businesses to receive payments in stablecoins like USDC and USDT while getting settled in local currency almost instantly. The service is non-custodial, meaning funds move directly from the payer to the merchant wallet without intermediaries controlling them. By leveraging stablecoins, Cray avoids crypto price volatility and provides a stable value transaction. The platform emphasizes lower fees compared to traditional card networks and eliminates multi-day settlement delays, replacing them with near-instant settlement. Getting started with Cray is straightforward: a merchant creates a Cray account, enters the transaction amount on the Cray app or POS, and generates a QR code. The customer scans the QR code and approves payment from their own stablecoin wallet. The merchant receives funds in their Cray account immediately and can withdraw to local currency at any time. Cray claims to require no blockchain knowledge and to work alongside existing point-of-sale systems, making it accessible to businesses without technical overhead. The homepage highlights specific use cases across restaurants, ecommerce, travel, retail, and professional services. Cray positions itself as a bridge between traditional commerce and the digital asset economy, aiming to tap into the growing volume of stablecoin payments. It also emphasizes transparency with on-chain settlement records and security by design through non-custodial architecture. The platform is marketed to merchants in over 180 countries, offering one integration to reach global markets.
- Category
- Payment Processors
- Pricing
- Unknown
Problem solved
Traditional payment processors impose high fees, multi-day settlement delays, and limited global accessibility. Cray solves this by letting merchants accept stablecoin payments directly from customers' existing wallets, offering low-cost, near-instant settlement and the ability to withdraw funds in local currency. It allows businesses to capture the growing stablecoin economy without exposing them to cryptocurrency volatility.
Use cases
- Restaurants accepting contactless stablecoin payments at point of sale
- Ecommerce stores enabling borderless checkout for international customers
- Travel businesses receiving payments from tourists around the world
- Retailers accepting crypto payments across physical and online stores
- Professional service providers getting paid instantly for digital services
- Businesses looking to reduce payment processing fees
- Merchants with a global customer base that need faster settlement
Audience
- Business Users
- Enterprise
- Startups
Pros
- Lower transaction fees than traditional card processing
- Instant settlement in stablecoins
- Non-custodial design gives merchants direct control of funds
- Works alongside existing point-of-sale systems without new hardware
- Global reach across more than 180 countries
Cons
- Requires customers to use stablecoin wallets and have familiarity with crypto payments
- Only supports stablecoins such as USDC and USDT, not all digital assets
- Public pricing is not disclosed on the homepage
- Regulatory treatment of stablecoin payments may vary by jurisdiction
- No published API or developer documentation on the homepage
Official website: https://cray.pro/
Canonical LambdaBase page: https://www.lambdabase.com/tools/cray