About Settl

Settl helps merchants across Indonesia accept crypto-holding customers, without ever touching crypto themselves.

Why Settl Exists

A growing number of tourists, digital nomads, and expats across Indonesia hold and prefer to transact in stablecoins like USDT and USDC. The problem is that crypto isn't legal tender in Indonesia, so local merchants have no legal way to accept that payment directly from a customer.

Settl closes that gap. Customers still pay from their own crypto wallet, but the funds are converted to Rupiah through a licensed Indonesian crypto exchange before they reach the merchant's bank account. Merchants receive clean Rupiah in their account, and never hold, store, or manage crypto at all.

Pilot Stage

We're Early, and Upfront About It

Settl is currently onboarding a small number of first pilot merchants in cities across Indonesia. The goal is simple: prove the payment, conversion, and settlement flow works reliably in the real world before expanding further. The Settl team is directly involved in every transaction during this stage.

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You Still Receive Rupiah, Never Crypto

Settl is a conversion and settlement service, not a crypto payment system. Crypto still isn't legal tender in Indonesia. What lands in your account is always clean Rupiah, converted through a licensed Indonesian crypto exchange. Merchants never hold or touch crypto.

Secure

Converted through a licensed Indonesian crypto exchange, with the Settl team checking every transaction.

Quick

Confirmation usually within minutes, with Rupiah payouts on an agreed schedule.

Hassle-Free

No wallet, no exchange account, no crypto knowledge needed.