DashX

DashX is a cross-border crypto payment platform designed for Indian freelancers, exporters, and businesses that need to receive international payments in stablecoins and settle them as Indian rupees in a local bank account. Alongside its off-ramp product, the team operates DashX Gateway, a multi-chain payment processing API that lets merchants anywhere in the world accept cryptocurrency directly into a non-custodial wallet.

The Problem

Getting paid internationally from India involves two compounding headaches: cost and compliance. A SWIFT wire to an Indian bank eats a spread on conversion plus correspondent bank fees; DashX claims its institutional FX rates average 80 percent cheaper than SWIFT. More importantly, Indian exporters are required to hold Foreign Inward Remittance Certificates (FIRC) and file Foreign Inward Remittance Advice (FIRA) with their Authorised Dealer bank under the Reserve Bank of India's LRS framework and the Foreign Exchange Management Act. Historically that paperwork is manual, time-consuming, and easy to get wrong.

DashX addresses both problems at once. It accepts stablecoins from a payer anywhere in the world, converts them to rupees at a live institutional rate, and credits the recipient's Indian bank account — automatically generating FIRC from an AD-1 Processing Bank in the same flow. There is no paperwork on the exporter's side.

Core Mechanism

The off-ramp workflow begins when a freelancer or business owner creates a DashX account, completes KYC, and generates a payment link or invoice. Their international client pays in USDC (or another accepted cryptocurrency) from any supported blockchain. DashX converts the stablecoin at an institutional rate sourced from Tier-1 liquidity providers — the live rate at the time of research was Rs. 96.13 per USD, compared to a bank rate of Rs. 94.68 and a competitor rate of Rs. 95.36 — and credits the INR amount to the recipient's bank account in approximately two minutes. Every settlement triggers automatic FIRC issuance, and the full FX rate, FIRC document, and transaction record appear in a tax-ready dashboard that can be exported in a GST-ready format for a chartered accountant.

The DashX Gateway component works differently. Merchants integrate the REST API using an API key and a Merchant ID, then generate payment links that point customers to the hosted gateway at gateway.dashx.xyz. The gateway is wallet-agnostic, supporting multi-signature, self-custody, and custodial wallets. Payments settle directly to the merchant's own wallet without passing through DashX custody, which means DashX never holds merchant funds. Webhooks with HMAC-SHA256 signatures notify the merchant's backend on payment completion or failure.

Key Features

Auto FIRC generation. Every off-ramp settlement triggers a FIRC from an AD-1 Processing Bank, satisfying RBI, LRS, and FEMA requirements without manual filing.

Virtual IBAN accounts. DashX provides virtual accounts in USD and INR, with GBP and AED accounts listed as coming soon. Recipients can receive international transfers as a local entity in a given currency without needing a foreign bank account.

Tax-ready dashboard. All transactions, FX rates, and FIRC documents are aggregated in one interface with GST-ready export for service exporters.

Professional invoicing. Freelancers and businesses can raise invoices directly on the platform and share payment links with clients.

Subscription payments. The Gateway API supports recurring billing. A merchant creates a payment link with type SUBSCRIPTION, and the customer approves a USDC token allowance through the hosted gateway UI once. The platform then automatically processes recurring charges at intervals the merchant defines — hourly, daily, weekly, monthly, quarterly, semi-annually, or yearly — and sends webhook events after each successful charge. Subscriptions run on EVM-compatible chains only: Base, Arbitrum, and Polygon, with USDC as the sole supported currency for this feature.

Multi-chain support. Through integration with the LI.FI cross-chain protocol, DashX Gateway supports payment acceptance from more than 40 blockchain networks, including Ethereum, Solana, Arbitrum, Base, Polygon, BSC, Avalanche, Optimism, Starknet, zkSync Era, Scroll, Fantom, Berachain, Sei, and others. For merchant wallets, the primary supported networks are Ethereum, Arbitrum, Polygon, Solana, Starknet, and Base.

KYC and KYB. Compliance verification for individual users and business entities is built into the platform onboarding flow.

Tokens and Assets

USDC is the primary token across both products. It is the only token currently accepted for subscription billing, and the principal stablecoin for the India off-ramp. The merchant gateway supports a wider range of cryptocurrencies across all supported chains, allowing customers to pay from whichever asset and network they prefer.

Security

DashX Gateway operates a non-custodial model: the merchant's own wallet address receives payments and DashX does not hold funds in transit to the merchant. Webhook payloads are signed with HMAC-SHA256, and the platform's documentation recommends constant-time signature comparison to prevent timing attacks. API keys and Merchant IDs authenticate server-to-server calls and should be stored in environment variables rather than client-side code. The platform operates over HTTPS and recommends IP whitelisting for additional hardening. No public third-party security audit reports appear in the available documentation.

Team and Traction

The team has not published founder names publicly on the website or in its documentation as of this writing. DashX was registered with a January 2025 founding date. The platform carries testimonials from early users in adjacent crypto ecosystems: Anshuman Das of Surge DAO, Viivek of Yellow Capital, Ayush Gupta of LayerEdge, and the founders of EndurFi and Troves.

Solana Ecosystem Fit

Solana sits among the five primary supported networks for DashX Gateway merchant wallets alongside Ethereum, Arbitrum, Polygon, and Starknet. Solana's sub-second finality and low transaction fees suit the stablecoin payment use case particularly well, especially for the small-denomination transactions common in freelance and cross-border commerce. DashX is oriented toward the Indian crypto developer and business community, a market where Solana has maintained a meaningful presence. For Solana-native businesses that need compliant INR settlement, DashX offers a purpose-built on-ramp into the Indian financial system without the SWIFT overhead that has historically made small international transfers economically unviable.