CopperX

CopperX is a stablecoin-native financial platform that gives businesses outside the traditional banking mainstream a single place to accept payments, manage accounts, pay contractors, and spend with corporate cards. Founded in 2022 and operated by Piers Technology Inc., the company is headquartered across the UAE and India and has built its product explicitly for the global majority of businesses that lack a US incorporation but still need dollar-denominated financial infrastructure.

The Core Platform

CopperX organises its offering into four interconnected products.

Payment Gateway. Merchants can accept stablecoins through checkout links, hosted payment pages, invoices, or a direct REST API. The gateway is non-custodial by design: funds settle immediately into the merchant's own wallet rather than a CopperX-controlled escrow account, eliminating custody risk. Supported networks include Ethereum, Polygon, Solana, BNB Smart Chain, Base, Arbitrum, and Bitcoin, giving buyers flexibility without fragmenting the merchant's back-office. USDC and USDT are the primary settlement currencies. For merchants who prefer fiat-denominated flows, the platform converts at a 1.5% foreign exchange fee; USD-to-USD stablecoin transfers carry no platform fee at all.

Financial Accounts. Businesses can open virtual accounts denominated in USD, EUR, and AED. These accounts function like traditional neobank accounts but are settled on-chain: incoming stablecoin transfers credit the account, and funds can be spent directly via Visa-network cards without a manual offramp step.

Global Payouts. The payouts product targets businesses with distributed workforces -- contractors, vendors, and freelancers spread across multiple countries. Senders deposit USDC or fiat, build a bulk payment run through the dashboard or API, and CopperX handles routing to recipients in more than 90 countries. Recipients can receive funds to a crypto wallet or to a local bank account via fiat offramp; stablecoin transfers settle on-chain within minutes, while bank-account fiat payouts typically arrive within two to three business days. Built-in KYC verification for recipients is included in the flow, reducing compliance overhead for the sending business.

Corporate Cards. Employees and contractors can be issued global Visa cards -- virtual cards at $10 per year or physical cards at $100 per year -- funded directly from the business's stablecoin balance. This closes the loop between on-chain treasury and everyday spending without requiring a conversion step through a traditional exchange.

Non-Custodial Architecture

A recurring theme in CopperX's product positioning is the non-custodial model. Unlike payment processors that hold merchant funds in omnibus accounts, CopperX routes transactions such that the platform never takes custody of customer assets. Payment gateway settlements flow directly to merchant-controlled wallet addresses; account balances are backed by on-chain positions rather than held by CopperX as a custodian. This reduces counterparty risk, a meaningful consideration for web3-native businesses that are already skeptical of centralised intermediaries.

Developer and Integration Surface

For developers, CopperX provides REST APIs and webhooks, enabling payment features to be embedded directly into web applications, mobile apps, or backend systems. Pre-built integrations cover WooCommerce and Zapier, with Stripe and Shopify integrations in private beta at time of writing. A no-code path -- through payment links and hosted invoices -- makes the platform accessible to non-technical operators without needing to touch the API layer.

Target Market and Customer Base

CopperX has focused tightly on two types of customers: web3-native companies that already operate in stablecoins and want clean payment infrastructure, and traditional global businesses underserved by conventional banking because they lack US incorporation. The company has publicly named customers including FanTv, Hadron, Router, Forma, Spacekayak, Orbitx, NodeOps, and LittleUnusual. Use cases span SaaS subscription billing, e-commerce checkout, global payroll, event ticketing, and donation collection.

Kosh: A Solana-Native Neobank for Freelancers

The most significant expansion of CopperX's scope was announced at Solana Breakpoint on December 12, 2025 with the launch of Kosh -- a Solana-based digital bank targeting freelancers and SMEs globally. Where the CopperX core product focuses on businesses accepting and sending payments, Kosh is positioned as a full financial home for independent workers: a place to receive client payments, hold balances, and spend internationally.

Kosh offers rapid US account setup for non-US residents, instant cross-border payment rails, and fee-free transactions for core operations. The platform allows users to share account details with international clients, making it straightforward to receive wire-style payments from anywhere. A distinctive feature is the ability to use SOL as collateral for flexible repayment arrangements, bridging Solana's native asset into a practical banking context.

Solana's official X account highlighted the Kosh launch as a milestone for blockchain's role in mainstream financial services. With the global freelance workforce reaching an estimated 1.57 billion people by 2025 and the neobanking market projected to grow at a 45% CAGR through 2032, Kosh positions CopperX at a significant intersection: institutional-grade payment infrastructure adapted for individuals historically underserved by both traditional banks and crypto exchanges.

Competitive Positioning

CopperX's "no US base required" positioning directly addresses a gap in the payment infrastructure market. Most established stablecoin payment processors assume a US legal entity as the anchor, making cross-border flows administratively complex for companies incorporated elsewhere. By designing for that constraint from the start -- and layering in offramp support for 90-plus countries, multi-currency virtual accounts, and Visa-network spending -- CopperX offers a consolidated stack that would otherwise require stitching together several separate services.

The non-custodial model also differentiates it from fintech neobanks that hold customer funds on their own balance sheet. For web3 businesses with significant stablecoin reserves, retaining on-chain custody while still accessing payment links, invoicing, and corporate cards is a meaningful operational advantage.

Founded in 2022 and continuing to expand its network integrations and geographic coverage, CopperX operates at the intersection of stablecoin infrastructure and global business banking -- making dollar-denominated financial tools accessible to businesses that legacy systems were not built to serve.