Prism Pay vs Magnus Pay

As a foreigner staying in Vietnam, you only have two ways to make payment: cash or card. Cash runs out fast and cards are rarely accepted, but every cafe, street food stall, coffee shop, and even luxury restaurants take QR codes. Those QR codes only work with a Vietnamese bank account, leaving you stuck with cash and card every time you buy something. Prism fixes that. Prism is a dollar wallet built for foreigners in Vietnam. Fund it with USDC on Base, then pay any local QR code instantly. Your balance is shown in US dollars, and we convert at the live exchange rate at the moment you pay. 1. Fund your wallet Send USDC on Base from any exchange or wallet you already use. Funds arrive in seconds. 2. Pay like a local Scan any VietQR code at restaurants, cafes, markets, supermarkets, ride apps, and street vendors. No card, no foreign transaction fees, no fees on the merchant side. Who Prism is for: 1. Expats living and working in Vietnam who hold USDC 2. Digital nomads who get paid in USDC and base themselves in Vietnam 3. Travelers who want to skip the ATM and pay like a local

Magnus Pay is a non-custodial mobile wallet for sending and receiving digital dollars, dong, and euros. Built on Magnus, a new Layer 1 blockchain designed for stablecoin payments in emerging markets. What's different about Magnus Pay: Pay transaction fees in any stablecoin you hold. Most wallets force you to keep a separate "gas token" alongside the currency you actually use. Magnus removes that. Send 100 mVND, pay the fee in mVND. Send 50 mUSD, pay in mUSD. Pick your fee currency from the bottom sheet on the send screen. Settles in 300 milliseconds. Magnus uses Commonware Simplex consensus, which finalizes transactions in roughly a third of a second. The wallet shows you the elapsed time on the send confirmation screen. Cash out to a Vietnamese bank account. Send digital dong, receive VND in your bank account via VietQR. Works with banks supporting NAPAS 247. Three stablecoins live today: mUSD (US dollar), mVND (Vietnamese dong), and mEUR (euro). All maintain their peg via on-chain FX reporters that publish rates every minute. What's in the wallet: - Send and receive stablecoins via QR code or wallet address - Multi-currency fee picker - Transaction history with block explorer links - Cloud account backup via Google sign-in - Local currency display (USD by default, switchable) - Faucet for getting test tokens during the Magnus devnet phase Magnus is fully open source. The wallet, the chain node, the FX reporters, the precompiles. Source at github.com/Magnus-Foundation. This app does not custody your funds. Your seed phrase is generated on your device and never leaves it. Magnus does not have the ability to freeze your account, reverse your transactions, or recover your wallet without your backup. The optional Cloud Account Backup feature uses Google sign-in plus threshold cryptography to let you recover your wallet on a new device. Magnus Pay is currently running against the Staccato devnet. Mainnet launch follows in Q3 2026.