How Mural Pay Simplifies Cross-Border Payments with Turnkey

Learn how this VC-backed stablecoin payments platform eliminated technical barriers to onboarding while expanding its addressable market with Turnkey.

• Over 5K+ monthly stablecoin payments, totaling over $200M in volume in the last 12 months, powered by Turnkey
• $3K per month saved on wallet infrastructure costs
• 3 weeks to full integration

"Turnkey strikes that rare balance between uncompromising security and an intuitive user experience. They've been an invaluable infrastructure partner since day one." — Chris Fernandes, Co-founder and CTO at Mural Pay

About

Mural Pay is a payments platform and API for pay-ins, payouts, invoicing and virtual accounts, powered by stablecoins. Global businesses, fintechs, and banks use Mural to hold global stablecoin accounts (GSAs) and simplify cross-border payment operations. 

Challenge

Simplifying the complexities of crypto without compromising on security

As a platform built to help global businesses move money faster and smarter (regardless of crypto experience), integrating a seamless and secure UX was the first step in driving user adoption. 

Like many stablecoin payment providers, Mural Pay initially required users to have some degree of blockchain familiarity to use their platform. Users needed to be familiar with non-custodial wallets, navigating redirects, and using stablecoins. This proved to be overly complicated for many non crypto-native organizations. 

"We had to focus on selling to organizations that were already crypto-literate," explains Co-founder and CTO Chris Fernandes. "We knew abstracting the complexities of crypto was key to expanding our addressable market."

To deliver an experience that felt like any other fintech application without compromising on security, Chris sought a wallet infrastructure partner that would deliver:

• User-friendly onboarding, authentication, and recovery flows
• Swift transaction signing speeds for payment flows 
• Robust security architecture based on trusted execution environments

During the vendor selection process, an investor introduced Chris to Turnkey. After seeing firsthand how the solution combines a seamless, non-custodial UX with security-first infrastructure, Chris decided to move forward with the integration.

"We didn't want our users to feel like they're using some complex new technology just to send payments. Turnkey helped us build a sleek and seamless UX that abstracts the underlying complexity of these payments."

Solution

Turnkey’s frictionless UX and secure infrastructure

With Turnkey, Mural Pay implemented a seamless and secure UX for every interaction from onboarding to payment processing to wallet recovery. Within a month of the partnership's start, Turnkey helped Mural Pay deliver:

• Simplified onboarding, authentication, and recovery flows: Using Turnkey, Mural Pay spins up non-custodial embedded wallets for its users in minutes via familiar login methods like passkey or email authentication. Plus, because Turnkey abstracts the need for users to manage seed phrases, users can rely on email-based flows to recover access to lost wallets.
  
  
• Enterprise-grade security infrastructure: Rather than relying on MPC-based security methods, Turnkey runs all critical workloads in secure enclaves, which attest to the integrity of the code running inside. This comprehensive approach to blockchain security protects Mural Pay's users' funds, even in the case of a potential front-end breach.
  
  
• Low-latency stablecoin payments at scale: For new users in the crypto space, waiting for transactions to process can be an intimidating experience. With Turnkey, Mural Pay delivers 50-100ms latency for transaction signing to ensure its users can move their money faster, alleviating potentially stressful payment experiences.

In addition to these user benefits, Turnkey ensured Mural Pay remained non-custodial. Now, Chris' team spends less time worrying about compliance and more time investing in Mural Pay's continued growth.

“We have users making stablecoin payments leveraging the latest in blockchain technology, and it feels as normal as any fintech app on their end. That's the special unlock that Turnkey delivers."

Results

An intuitive platform experience and secure foundation for future growth

With Turnkey’s wallet infrastructure, Mural Pay now serves a broader, less crypto-native audience while still offering the security, flexibility, and compliance controls required for large-scale payments.

• Over 5,000 monthly stablecoin payments, totalling over $200M, powered by Turnkey
• $3K saved per month on wallet infrastructure costs
• 3 weeks to full integration

Looking ahead, Mural Pay is further leveraging Turnkey to offer flexible payment custody models to their end users via their API, targeting fintechs and banks looking to integrate stablecoin payments into their products. With Turnkey powering their wallet infrastructure, Mural Pay is delivering seamless stablecoin payment flows, bridging the gap between institutional and digital finance.

"What's exciting about Turnkey is that they have flexibility between both custodial and non-custodial models. As we continue to integrate more custodial services into our platform, that flexibility will be invaluable."

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