EQ9 vs Pago Next

EQ9 is an online FX application built to revolutionise the global cross-border payment market through instant, secure, and cost-effective blockchain-powered transfers. Designed for individuals and businesses, EQ9 delivers instant, secure, and cost-efficient international transfers—removing the friction, delays, and high fees of traditional financial services. At launch, EQ9 supports USD and EUR transactions. Users can deposit from anywhere globally, send funds to recipients worldwide, and enjoy seamless local currency withdrawals in supported regions. Integration with industry leader Banxa ensures reliable on- and off-ramping between EQ9 and traditional bank accounts. Key capabilities: * Convert and send funds across currencies * Maintain full self-custody of assets * Schedule or automate recurring FX payments * Instantly track account activity * Request payments in local currency * 0% transaction fees and near mid-market FX rates Upcoming updates include support for 130+ global currencies with live FX rate visibility, and an expansion of withdrawal coverage to match our already-global deposit reach. Current coverage: * Deposits: Global * Withdrawals: Australia, Canada, Europe, UK (+9 territories), and the United States * Transactions: Global Crypto-native users can also off-ramp USDC or ETH directly to their local bank by sending assets to their EQ9 account address — offering one of the simplest and most integrated crypto-to-fiat experiences available today. EQ9 is building the infrastructure for a modern global economy — one that is fast, secure, cheap, and borderless.

Pago is a lightweight mobile application that connects consumers with physical and online merchants. With nominal transaction fees, Pago can be used to quickly and efficiently send, receive, and save money. Our easy-to-use Transaction Gateway enables a wide variety of users (i.e., individuals, businesses, payment processors, point-of-sale systems, etc.) to experience a seamless and cost-efficient payment experience. Pago uses Algorand’s blockchain to enable users to quickly, securely, efficiently, and cheaply send payments worldwide. Pago provides the following key benefits: SIMPLE Pago provides a simple and easy-to-use payment API for conducting transactions between businesses and consumers. Our Transaction Gateway API makes integration easy without the need for smart contracts. Users can also send and request peer-to-peer transfers. TRANSPARENT Pago uses the Algorand public blockchain with a public, decentralized trust model based on the core principles of transparency and security. We utilize ALGOs as a utility token rather than a security token. SCALABILITY The platform can scale up to 1,150 transactions per second, thereby supporting a large number of users. Developers can easily connect with existing payment ecosystems or develop novel applications and use cases. SECURITY Pago incorporates security at the consensus protocol, network, and user levels. User credentials are secured by the Pago Wallet as well. LOW COST For peer-to-peer payments, the sender pays a transaction fee of less than 1 cent (USD) per transaction. For retail transactions, merchants pay Pago a transaction fee of 1% of the transaction amount. LIGHTNING-FAST SPEED Pago offers high speed and low latency, with transactions committed and settled in under 5 seconds. ADAPTABLE There are limitless opportunities to pioneer novel blockchain-based payment ecosystems using Pago. Pago also promotes stable coins for global commerce and supports the growth of Algorand’s transaction volume and consumer base. INCLUSIVE Pago aims to expand access to digital payments, savings, and lending to a large portion of the world’s population currently excluded by traditional payment systems. Lack of access to financial services is a leading contributor to poverty, and Pago seeks to enhance inclusiveness and borderless access to secure, reliable payment options. Over the course of future updates, the Pago Wallet will be usable for interest-bearing savings accounts, payment transfers, custom payment systems, remittances, and more. The possibilities are truly endless.