The Terra blockchain is used to record transactions for its price-stable cryptocurrency. Terra is a South Korean company that is focused on leveraging blockchain to facilitate stablecoin payments for a variety of decentralized apps in Asia. The company has partnered with payment gateways such as CHAI and Meme Pay, to enable users to send blockchain-based payments with direct banking integrations, allowing anyone with a local bank account to instantly send stablecoin payments that are pegged 1:1 with their local currencies.

Cryptonex is a blockchain-based payment system that offers its users a decentralized platform to make fiat and cryptocurrency transactions. Users can convert fiat and cryptocurrencies. The Cryptonex network is based on the scrypt algorithm. It also enables debit and credit cards transactions as well as mobile payments.
Cryptonex uses a Proof-of-Stake (PoS) consensus mechanism and offers higher transaction speeds at lower fees.