Splendor Labs has developed and demonstrated a payment system that converts an ordinary smartphone into a payment terminal, allowing merchants to accept digital asset payments without traditional card machines, card networks, or banks acting as intermediaries.

Under the system, a merchant accepts payments directly through the Splendor Wallet. Customers authorize transactions using either a physical Splendor Security Card or a smartphone. Funds move directly from the customer's digital wallet to the merchant's wallet over the Splendor Quantum Chain, bypassing the card networks and banks that typically process digital asset transfers.

In testing, Splendor successfully completed a payment using its metal security card together with a smartphone, with the transaction confirmed directly on the blockchain. The company has also developed a phone-to-phone payment option. In this flow, the merchant enters the payment amount in the Splendor Wallet on their phone, the customer receives the payment request on their own device and approves it, and the digital assets are then transferred straight to the merchant's wallet, with the transaction recorded on the blockchain.

"For decades, payments have depended on banks, card networks, and intermediaries. We are changing that. With Splendor Pay, your phone becomes the payment terminal, your card or smartphone authorizes the transaction, and our blockchain moves the value directly. We are not building another payment system. We are building the infrastructure to make the old one unnecessary," said Todor Ivanov, CEO of Splendor Labs SA.

By contrast, a conventional bank card payment today typically passes through several companies, including banks, card networks, and payment processors. Each participant adds processing steps, potential fees, and, at times, delays. Splendor Pay streamlines this process by enabling people and businesses to send and receive digital assets directly, using smartphones and secure wallet technology. According to the company, this approach has the potential to reduce payment costs, make transactions more efficient, and give customers greater control over their funds, since digital assets remain in wallets they control until payment is authorized.

A Vision for the Future of Payments

Splendor Labs has already developed the core technology for a global, quantum-resistant payment — a system built with cryptography designed to hold up against attacks from quantum computers — in which smartphones function as payment terminals, individuals control their own wallets, and businesses can receive digital asset payments directly from customers without relying on traditional card networks. Further information about the company and its payment technology is available on its official website, splendor.org.

The company has also built infrastructure that enables autonomous AI agents to make authorized payments and conduct financial transactions directly on the Splendor Quantum Chain. This design allows both people and AI-powered systems to participate in a shared financial network, with blockchain technology providing programmable transactions, security, and settlement.

Rather than incrementally improving the existing payment system, Splendor has constructed an alternative infrastructure in which value moves directly between digital wallets, whether those wallets are controlled by individuals, businesses, or authorized AI agents. The company's next objective is to expand adoption and bring these capabilities into everyday commerce and financial applications worldwide, making the pace of merchant and customer adoption the key development to watch.

The same technology can also provide the foundation for international transfers, digital currencies, and tokenized real-world assets, allowing different forms of value to move across a single blockchain network without depending on traditional card-payment infrastructure.

Splendor's ultimate vision is to make direct, secure, global payments accessible to everyone, including businesses and autonomous AI systems. With the core technology already developed, the company's focus is now on expanding real-world adoption and building a global financial ecosystem that reduces dependence on traditional intermediaries.