Who holds funds at each step — Bleepay never does (only the fiat partner, and only briefly).Where funds go and who holds them at each step, by scenario: A. Crypto in, same token out. Customer sends token X on-chain → merchant’s own address. Bleepay monitors, validates, notifies; it holds nothing. B. Crypto in, different crypto out (FX). Payer sends token B → swap/exchange service converts → payee receives token A. Bleepay quotes and orchestrates. C. Crypto in, fiat out (off-ramp). Payer sends crypto → (optional swap) → liquidation address held by the fiat partner → partner converts crypto→fiat → fiat to the payee’s bank. The fiat partner holds and moves funds across the fiat leg; Bleepay arranges and orchestrates. D. Voucher payment. The payer holds their own funds in the Bleepay Wallet app. Bleepay builds the voucher transaction; the payer signs and sends it themselves. Funds go from the payer to the payee; Bleepay never holds them.
Summary
Next steps
- Custody model — non-custodial across both products.
- Security — zero-trust design.