RelayPay

RelayPay is an Australian fintech platform that bridges the gap between traditional finance and digital currencies. It provides a user-friendly interface for individuals and businesses to seamlessly convert cryptocurrencies into cash or use them for everyday transactions such as paying bills, making bank transfers, or purchasing goods and services online. RelayPay aims to make cryptocurrencies as easy to use as fiat currencies by eliminating the barriers associated with traditional cryptocurrency exchanges.

RelayPay utilizes an aggregator model that compares rates from various regulated crypto exchanges worldwide to offer users the best available exchange rates. This enables users to buy, sell, or spend cryptocurrencies at competitive rates across 20 currencies and 40 countries. RelayPay's key offerings include crypto-to-cash bank transfers, bill payments using cryptocurrencies through BPay biller codes, and an upcoming online payment feature for ecommerce purchases.

For businesses, RelayPay provides a platform to accept cryptocurrency payments from customers, with automatic conversion to fiat currency within 48 hours, mitigating volatility risks. This solution can be seamlessly integrated with popular ecommerce platforms like Shopify and WooCommerce. In June 2024, RelayPay facilitated over 1,500 ATM cash-out locations across Australia, allowing users to instantly withdraw cash from their cryptocurrency holdings.