Mindexcoin is developing a universal payment platform powered by the Ethereum based token, MIC. Their marketing materials do not clearly outline any unique selling points, or advantages, that it will provide compared to other blokchain-based payment platforms.

Ripple is a real-time settlement and remittance network that is designed for the banking industry. Its settlement infrastructure technology has been adopted by a growing list of financial institutions looking to leverage the benefits of distributed ledgers. Ripple's real-time settlement network connects banks and enables cross border settlements and transactions in real-time. The current settlement infrastructure requires many intermediaries, and performing transactions take time and cost money. Ripple provides the underlying infrastructure for banks, and enables these transactions to be executed directly at almost no cost.

Sphere is a smart contract platform and peer-to-peer payment network. The network has a hybrid PoW and PoS consensus mechanism and is powered by the native SPHR token, which can be swapped for an ERC20 token over the Ubiq smart contract platform.