ELLIPAL and PAYDAO today announced the launch of ELLIPAL Pay × PAYDAO, an on-chain, self-custodial point-of-sale (POS) payment ecosystem that enables stablecoin-native payments at brick-and-mortar merchants.
The launch introduces a fundamentally new payment architecture in which authorization, settlement and custody are no longer consolidated within banks, card networks or centralized intermediaries, but executed directly via crypto ownership and a decentralized payment protocol.
Why this architecture changes the payment equation
Most crypto payment solutions today follow a hybrid model.
Digital assets can be held on-chain, but transactions are ultimately routed through traditional card networks and settled in fiat currencies such as USD.
While these approaches improve accessibility, they do not change the underlying payment stack.
ELLIPAL Pay × PAYDAO takes a different path.
Each transaction is:
· Authorized locally on a self-depositing NFC payment card
· Signed offlinewith private keys that never leave the user’s device
· Installed natively on the channel via a decentralized payment protocol, directly into stablecoins
There are no issuing banks, no acquiring banks, no card networks, and no custodian accounts involved at any stage of the transaction.
In this model, cryptography does not adapt to existing infrastructure: it functions like the infrastructure itself.
A practical step towards on-chain trading
Global card payments exceed $40 trillion annually, but merchants continue to face high fees, settlement delays and chargeback risks.
Stablecoins have already demonstrated price stability and global liquidity.
What remains unresolved is how these assets are executed and settled at the time of physical purchase.
ELLIPAL Pay × PAYDAO fills this gap by enabling transaction fees below 1%, real-time on-chain settlement, and irreversible settlement – a payment flow designed for efficiency, certainty, and asset sovereignty.
Native Payments vs. Hybrid Models
The difference between hybrid crypto payment models and native on-chain payments becomes clear at the architectural level:
Designed to scale without centralized control
The ecosystem also introduces a decentralized deployment model.
Using the ELLIPAL Pay Business Kit, payment terminals can be deployed by independent participants, with rewards distributed based on actual transaction activity. Users are also encouraged to use.
This approach allows payment infrastructures to grow without centralized balance sheets or subsidy-driven growth, while remaining anchored in real economic activity.
Looking to the future–
The ELLIPAL Pay × PAYDAO ecosystem is currently operating in a validation phase with single-chain support. Multi-chain EVM integration is planned for 2026, followed by wider merchant adoption in 2027.
As stablecoins continue to transition from financial instruments to everyday utility, blockchain-native payment systems – rather than dependent on existing rails – are expected to play an increasingly central role in global commerce.
About ELLIPAL
ELLIPAL is a provider of standalone, standalone hardware wallet solutions supporting over 10,000 digital assets on nearly 50 blockchains. Founded in 2018, ELLIPAL offers users in more than 100 countries products designed to keep private keys permanently isolated from online threats. Learn more.
About PAYDAO
PAYDAO is a decentralized stablecoin payment protocol aimed at enabling native on-chain commerce in physical merchant environments. Its ecosystem includes crypto POS terminals, decentralized payment settlement infrastructure, and a community incentive model governed by DAO mechanisms. Learn more.
Media contact
Company Name: ELLIPAL LIMITED
Contact: Grace Chen
E-mail: (email protected)
Website:
Company Name: PAYDAO
Email: info@paydao.io
Website:
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