Regulated home-currency settlement for AI-agent payments We give a small business a simple, non-custodial way to turn the stablecoins it receives into ordinary money in its bank account — in minutes, and without an exchange.
In one sentence
TimaxPay gives a small business a simple, non-custodial way to turn the stablecoins
it receives into ordinary money in its own bank account — euros, pounds, dollars or
Swiss francs — in a few minutes, and without ever handing its funds to an exchange.
THE PROBLEM
The problem we set out to solve
There are really two problems, and they are two halves of the same gap.
The first is that AI agents cannot pay for things. When an autonomous agent calls an online
service that asks for a small payment, the server replies with an HTTP 402 — “Payment
Required” — and the agent simply stops. Software has never had an easy, safe way to hold
money and settle a payment on its own.
The second is that the businesses receiving money from these agents cannot easily use it. Their revenue arrives as stablecoins and stays trapped on a blockchain. To pay salaries, taxes and suppliers, the owner has to move it through a centralized exchange — which means giving up custody of the money, waiting several days, and losing a slice to exchange and currency fees.
We close both ends of this gap, and we do it on Microsoft Azure and on Arbitrum.
THE WEDGE
The one thing we do better
We do not try to be everything at once. We focus on a single, painful, everyday task: taking the stablecoins a business receives and turning them into its own local currency, sitting in its own bank account. We call this the home-currency exit, and the important part is that we do it without ever taking custody of the client’s money. The client always keeps ownership of their keys; we simply automate the path from on-chain balance to bank account.
WHO IT IS FOR
Who this is for
Our first customers are small businesses in Europe, the United Kingdom and Switzerland that already earn in crypto — digital agencies, software studios and development shops with between two and twenty people, who invoice their clients in USDC. They are comfortable holding a wallet, but they still need real euros, pounds or francs to actually run their company and pay their bills on time.TODAY
What they do today, and why it isn’t enough
Today these businesses have only poor choices. A centralized exchange will convert their crypto, but it takes custody of the funds, asks for lengthy verification for every entity, and can take days to pay out. A traditional bank cannot touch on-chain money at all. Crypto invoicing tools still send the money through a custodian at the final step. And doing nothing simply leaves the money stuck on-chain while the bills pile up. In every case the owner loses time, control, or money — usually all three.
WHY NOW
Why this works now, and not a year ago
Several pieces have only recently come together. Monerium now issues fully regulated electronic money for the euro, the pound and the dollar, redeemable one-to-one at a bank; Mt Pelerin, a regulated Swiss institution, adds the same for the Swiss franc. Circle’s technology lets native dollars move cleanly from one blockchain to another. And a new standard called x402 finally lets autonomous agents pay for things directly. Each of these was missing or immature a year ago; together, they make our product possible today.
HOW IT WORKS
How it works, step by step
Here is what actually happens, from the agent’s payment to the money landing in the bank.
1. The agent pays. An autonomous AI agent needs some data and calls our service. Because it has not paid, our gateway on Azure answers with an HTTP 402 and states exactly how much USDC to send, and to which address on Arbitrum. The agent needs no payment code of its own: a secure server wallet from Dynamic — where the private key never fully exists in any single place— signs the payment in under a second. The agent pays, and the data unlocks.
2. The money is converted automatically. That payment lands in the wallet of a European
business. The moment it arrives, our system notices the new balance and quietly swaps the
incoming USDC into regulated euro electronic money (EURe), using our own liquidity on Uniswap, on Arbitrum.
3. It settles to the bank, one-to-one. Using a permission the client granted in advance — a
limited, revocable right to sign, while the client keeps full ownership of the keys — our system places a Monerium redemption order. The electronic money is burned, and an ordinary bank transfer over SEPA or Faster Payments is sent straight to the client’s account.
By the time the agent has finished using the data it paid for, the business’s money is already on its way to a normal bank account — with no centralized exchange involved at any point.FOUR CURRENCIES
Settlement in the currency each client needs
We settle in the money the client actually uses. For the euro, the pound and the dollar we rely on Monerium’s regulated electronic money, which is redeemable one-to-one at a bank. For the Swiss franc we settle through Mt Pelerin. A client in Berlin receives euros, a client in London receives pounds, and a client in Zurich receives francs — all from the same on-chain balance.
CURRENCY HOW IT SETTLES
Euro (EUR) EURe — regulated e-money, redeemed 1:1 through Monerium
Pound (GBP) GBPe — regulated e-money, redeemed 1:1 through Monerium
Dollar (USD) USDe — regulated e-money, redeemed 1:1 through Monerium
Swiss franc (CHF) Settled 1:1 to CHF through Mt Pelerin, a regulated Swiss institution
IDLE MONEY
Money that waits does not have to sit still
While a business decides what to do with its balance, that money can earn. A client can place idle funds into our vaults. One vault provides liquidity to euro-and-dollar stablecoin pools on Uniswap, Fluid and Aave and earns the trading fees. A second, built with Angle, pays yield from European government treasury bills. A third, built with Usual, pays yield from United States treasury bills. All of them stay non-custodial, and the client can withdraw back to the bank at any time. These returns vary and carry market risk — they are not guaranteed.
WHY ARBITRUM
Why we settle on Arbitrum
We settle on Arbitrum because it is the most practical home for this work. It has the deepest
liquidity in dollar stablecoins and the lowest fees, so holding and moving a company’s money is inexpensive. Circle’s native dollars move in and out cleanly, and our regulated euro can be created there directly. And because Robinhood Chain is built on the same Arbitrum technology, tokenized stocks and its USDG dollar flow into exactly the same exit: a business holding them can bridge, swap or cash them out to its bank alongside everything else.
THIS WEEKEND
What we are building at Founder House
Our goal for the weekend is simple and concrete: to show the whole journey working on a real prototype. An autonomous agent pays through x402, and a European business receives that money and watches it arrive in its bank account as euros — without ever touching an exchange.
One real invoice, settled from end to end.In short
AI agents finally have a way to pay. Businesses finally have an automatic, non-custodial way to reach
their own bank account. That is the Timax wedge.