Accept Backpack payments globally

Keep your B2B users on the platform with the help of TransFi as it connects country's leading Backpack methods directly to stablecoin settlement with complete compliance and real-time conversion rates via a single API. On-ramp any local currency into bp. Off-ramp Backpack back to local currency and settle to any bank account globally. Collect bp payments from customers from anywhere. Pay out Backpack to wallets and bank accounts worldwide.

From

USD

1 BP = USD

BP to USD Chart+0%(1Y)

How Backpack On-ramp & Off-ramp works

Two directions. One platform. TransFi handles both sides of the Backpack conversion, local fiat in, Backpack out and Backpack in, local fiat out with live time rates and immediate settlements on the fastest local payment methods.

You Get

USD

You Pay

SummaryShow

You get ~ 1 BP for 1 USD

Supported Digital Assets

Every token below is available for on/off-ramp, swap, payout and custody operations.

Framework for Global Compliance & regulatory for Backpack BP transactions

TransFi employs a dual-layered compliance strategy, meeting global standards universally and local obligations specific to (country's name) digital asset regulations.

KYC & KYBCrypto identity verification

Identity and business verification for all Backpack users and clients. Individual KYC includes ID and liveness verification via SumSub, with added risk checks through Sardine and AtData. Business verification covers incorporation documents, UBOs, director checks, and source of funds, while crypto-native businesses undergo Enhanced Due Diligence (EDD).

Crypto wallet screeningBackpack specific

Every Backpack wallet address is screened via Chainalysis, both on deposit (on-ramp) and on withdrawal (off-ramp). This identifies exposure to tainted funds, sanctioned jurisdictions, dark markets, mixers, tumblers, and child abuse-linked wallets. This check does not apply to fiat transactions.it is unique to Backpack and all digital asset flows on TransFi.

AML / Blockchain analyticsBackpack on-chain monitoring

Real-time and retrospective on-chain transaction monitoring via Chainalysis on all Backpack flows. Screens against OFAC, UN, EU, and HM Treasury sanctions lists. Flags suspicious patterns including structuring, rapid layering, and high-risk counterparty exposure. Auto-generates alerts reviewed by the MLRO within 1 business day.

FATF Travel RuleBackpack transfers

All BP transfers above $1,000 equivalent must include originator and beneficiary information under EU Regulation 2023/1113 and EBA Travel Rule Guidelines. Information transmitted includes: originator name, distributed ledger address, crypto account number, country, and LEI where available. This applies to all Backpack transfers on Bitcoin, Ethereum, Tron, Solana, and all supported networks.

Transaction monitoringBackpack flows

Both instant monitoring (blocks suspicious BP transactions before execution) and retrospective monitoring (reviews flagged BP flows within 30 calendar days). MLRO assesses all flagged Backpack transactions within 1 business day. Suspicious Activity Reports (SARs) submitted to FCIS within 3 business hours of identification.

Data protectionBackpack flows

User data related to Backpack transactions is processed under GDPR (EU), PDPA (Asia), DPDP (India), POPIA (Africa), or local equivalent, depending on where the BP transaction originates.

FAQS

Frequently Asked Questions

How can businesses accept payments through Backpack?

Businesses can accept payments through Backpack using TransFi's payment infrastructure, which supports crypto collections, fiat settlements, and local payout methods through a single integration.

How does Backpack function within enterprise B2B payment workflows?

Backpack operates as a high-speed cryptographic ledger system that replaces traditional paper or bank-mediated payment instructions. When a business initiates a payment, value is securely transferred and verified over decentralized protocols, bypassing intermediary correspondent clearing banks to reduce total transaction cycle time.

Which underlying blockchain protocol processes Backpack transactions?

Backpack transactions are processed on supported blockchain networks such as Bitcoin, Ethereum, Tron, Solana, and other compatible decentralized ledger infrastructures depending on the selected asset and settlement route.

Can a multinational corporation use Backpack for mass outbound cross-border payouts?

Yes, multinational corporations can use Backpack for large-scale outbound cross-border payouts, enabling faster settlement, lower operational costs, and streamlined treasury management across multiple jurisdictions.

What mechanisms convert Backpack into local sovereign currencies?

Backpack can be converted into local fiat currencies through regulated liquidity providers, digital asset exchanges, OTC desks, and integrated payout partners that support real-time conversion and settlement.

What is the average end-to-end settlement speed for a Backpack transfer?

Settlement speed for Backpack transfers typically ranges from a few seconds to several minutes depending on the blockchain network, transaction load, and payout destination.

Which enterprise wallets and digital asset exchanges are fully compatible with this Backpack service?

The Backpack service is compatible with major enterprise wallets, custodial platforms, and regulated digital asset exchanges that support institutional-grade blockchain transactions and API integrations.

Is Backpack appropriate for multi-tenant digital marketplaces and gig platforms?

Backpack is well-suited for digital marketplaces, gig economy platforms, and multi-tenant ecosystems that require programmable payouts, instant settlements, and global payment accessibility.

How does TransFi guarantee compliance with local anti-money laundering and financial regulations for Backpack?

TransFi applies robust KYC, AML, transaction monitoring, and sanctions screening frameworks to ensure all Backpack transactions comply with local and international financial regulations.

What are the primary integration models for adding Backpack to an existing ERP stack?

Backpack can be integrated into existing ERP and financial systems through APIs, payment gateways, treasury automation tools, and custom enterprise middleware solutions.

Is it possible to accept inbound Backpack transactions but receive final settlement entirely in local fiat currency?

Yes, businesses can accept inbound Backpack payments while receiving final settlement directly in their preferred local fiat currency through automatic conversion and payout mechanisms.

Ready to simply global payments?

Send, receive, and swap funds worldwide with ease and transparency - across 70+ countries and 40+ currencies.