What is Paycrest?

Paycrest is a decentralized payment routing protocol. It provides infrastructure for sending payment instructions between senders and liquidity providers without intermediaries, enabling exchanges between stable digital assets and fiat currencies on a global scale. The system uses smart contracts to handle the creation, allocation, and settlement of payment intents across the network. Paycrest supports various nodes (aggregators and providers) that participate in processing and settling payments through a distributed network. The protocol does not hold user funds or act as a financial intermediary; it functions as a messaging and execution layer for transactions across multiple chains.