Qpay PriceQPAY

What is Qpay (QPAY)?

Qpay (QPAY) is a Web3 social finance protocol designed to enable borderless crypto payments through social media platforms, beginning with X (formerly Twitter). According to its Coinbase positioning statement, the project aims to bridge social interaction and financial transactions, allowing users to engage in crypto payments directly within social media environments. The protocol was announced by Quinance as "The First Hashtag-Based" protocol, operating as a multi-chain, interoperable payment layer that connects Solana, Ethereum, and BNB Chain for unified settlements. QPAY is listed on major price-tracking platforms including CoinMarketCap (CMC ID 38520), CoinGecko, Binance, Crypto.com, and Coinbase, and also appears on Phantom's Solana token page. The token has a circulating supply of 1,000,000,000 QPAY and a max supply of 1,000,000,000 QPAY according to CoinMarketCap data. Coinbase lists a total supply of 999M QPAY, while Phantom shows 999.75M QPAY. The project represents an early-stage Web3 initiative that merges social media functionality with multi-chain payment infrastructure.

Key Specifications & Tokenomics

• Name: Qpay
• Ticker / Symbol: QPAY
• CMC ID: 38520
• Category: Web3 Social Finance Protocol
• Smart Contract (Solana): HdUFr2buy9Ur2HthyBo1se5vufG4zey7TW9Wkc6Dpump
• Ethereum Contract (QPY Token): 0x6911270d4bc1915744aedd785d41d44f47245bd0
• Circulating Supply: 1,000,000,000 QPAY
• Max Supply: 1,000,000,000 QPAY
• Total Supply (Coinbase): 999M QPAY
• Total Supply (Phantom): 999.75M QPAY
• Market Cap (CoinGecko): $54,233.50
• Supported Chains: Solana, Ethereum, BNB Chain

Who created Qpay?

The Qpay ecosystem references multiple teams and entities across different regions. For Qpay Oman, the team includes Khalid Al Mahrooqi as Founder and CEO, Ali Al-Lawati as Founder and CTO specializing in Open Banking, and Ahmed Al Bahrani as Business Development Manager. CB Insights lists Khalid Al Mahrooqi as the current Founder and Chief Executive Officer of QPay, with three executives total. A separate QPay entity lists Zakaria Bouguettaya as Co-Founder, who has discussed the company's milestones and outlook in a CEO interview. Additionally, Qpay Qatar's Facebook page identifies Asim Mirza as Director of Client Affairs and Nebil Ben Aissa as CEO and Investor. The Web3 social finance protocol aspect of Qpay is associated with Quinance, which announced the Qpay Protocol. Detailed public information about the core development team behind the QPAY token specifically remains limited.

How does Qpay work?

Qpay operates as a multi-chain, interoperable payment layer that connects Solana, Ethereum, and BNB Chain for unified settlements. Announced by Quinance as the first hashtag-based protocol, it is designed to facilitate borderless crypto payments through social media platforms, starting with X (formerly Twitter). The protocol enables users to initiate and receive payments within social media environments, leveraging hashtag-based mechanisms to trigger transactions. On the merchant side, the Qpay Merchants App developed by Fintech Solutions in Oman provides a BNPL solution allowing businesses to track transactions, request payments from customers via registered phone numbers, generate QR codes for instant transactions, and accept payments confirmed through the Qpay customer app. The system supports real-time dashboard monitoring, secure approvals, and transaction history management. For the broader QPay ecosystem, the QPAY Gateway functions as a domestic payment network in Qatar, acting as a payment gateway for online transactions using Qatari debit cards with one-time passcode authentication.

What makes Qpay unique and valuable?

Qpay distinguishes itself through several key features. First, it positions itself as the first hashtag-based payment protocol, integrating crypto payments directly into social media platforms like X, which could lower barriers for mainstream adoption. Second, its multi-chain architecture connecting Solana, Ethereum, and BNB Chain provides interoperability and unified settlement across major blockchain networks. Third, the ecosystem spans both Web3 crypto payments and traditional fintech solutions, including BNPL services for merchants, QR code payment systems, and domestic payment network infrastructure. The Qpay Merchants App offers a comprehensive BNPL solution with real-time dashboards, easy payment requests, and secure approval mechanisms. Additionally, the QPay ecosystem has demonstrated real-world adoption, with the platform used on over 110 campuses by more than 650,000 students and having processed over $50 million in e-commerce transactions. The QPY token serves as an integral part of the QPay Global ecosystem, usable by partners as payment for exchange listings and in tandem with merchant and payment gateway services.

What is Qpay used for?

QPAY serves multiple functions within its ecosystem. As a Web3 social finance protocol, it enables borderless crypto payments through social media platforms, allowing users to send and receive payments within social media environments. The QPY token, a related token on Ethereum, functions as an integral part of the QPay Global ecosystem, usable by potential partners as a form of payment for exchange listings and in tandem with QPay Global's merchant and payment gateway. In the merchant context, Qpay facilitates BNPL transactions, allowing businesses to offer flexible payment plans, request payments via customer phone numbers, and accept QR code payments. The Qpay customer app enables users to confirm payments securely. In Qatar, QPAY functions as a domestic payment network for online transactions using Qatari debit cards. In Bangladesh, the QPay app supports mobile recharge, fund transfers to bank accounts and cards, credit card bill payments, and more. The QPay API for Brazil supports PIX, credit cards, boleto, subscriptions, and webhooks for payment processing.

How Is the Qpay ecosystem developing?

The Qpay ecosystem has been expanding across multiple dimensions and geographies. The Qpay Protocol was announced by Quinance in October 2025 as the first hashtag-based protocol, representing a significant technological milestone. On the merchant side, the Qpay Merchants App has undergone several version updates, with Version 1.0 released in April 2025, followed by updates through Version 1.0.5 in August 2025. The platform has achieved notable adoption metrics, being used on over 110 campuses by more than 650,000 students with over $50 million in e-commerce transactions processed. In Qatar, QPAY operates as a domestic payment network supported by Mastercard Gateway, with 24/7 merchant call center support through QNB. In Oman, Fintech Solutions developed the Qpay Merchants app and provides API integration guides. QPay Brazil offers a REST API supporting PIX, credit cards, boleto, and subscriptions. The QPay Visa Prepaid Card is issued by The Bancorp Bank, N.A. The ecosystem also includes operations in Bangladesh, Nigeria, and telecom dealer payment solutions through qpaynet.com.

How to mine Qpay?

QPAY operates as a token on multiple blockchain networks, including Solana and Ethereum, rather than as a mineable proof-of-work cryptocurrency. The QPAY token exists as an SPL token on Solana with the contract address HdUFr2buy9Ur2HthyBo1se5vufG4zey7TW9Wkc6Dpump, and the related QPY token exists as an ERC-20 token on Ethereum. As such, QPAY cannot be mined through traditional mining equipment or computational power. Users can acquire QPAY through supported trading platforms or decentralized exchanges where the token is listed. The token's availability on platforms like Phantom's Solana token page indicates it can be swapped or traded through Solana-based decentralized exchange protocols. There is no public information indicating a staking mechanism or mining program for QPAY. Holding QPAY does not generate passive rewards through mining or staking based on available information.

How to keep your Qpay Coin safe?

To keep QPAY tokens safe, users should follow standard cryptocurrency security practices. Since QPAY exists as an SPL token on Solana, it can be stored in Solana-compatible wallets such as Phantom. For the related QPY ERC-20 token on Ethereum, compatible wallets like MetaMask or hardware wallets supporting Ethereum can be used. Always verify contract addresses before interacting with any token: the Solana QPAY address is HdUFr2buy9Ur2HthyBo1se5vufG4zey7TW9Wkc6Dpump and the Ethereum QPY address is 0x6911270d4bc1915744aedd785d41d44f47245bd0. Use hardware wallets for significant holdings to protect private keys offline. Never share seed phrases or private keys with anyone. Be cautious of phishing attempts, fake tokens, and fraudulent websites mimicking legitimate platforms. When using decentralized exchanges, double-check token contract addresses to avoid purchasing counterfeit tokens. For merchant and payment applications, ensure you download apps only from official sources like the Apple App Store. Enable two-factor authentication where available and keep wallet software updated to the latest versions.