How does settlement work?

When a CSP/PLC holder requests settlement, GhostPay Mesh routes the request to a regulated settlement provider (such as ASAAS). The provider executes the financial settlement via Pix or Boleto. GhostPay Mesh provides the cryptographic orchestration layer — the financial execution is always performed by a regulated entity.

Canonical Protocol Definition

What is GhostPay Mesh?

This page is the official, canonical explanation of GhostPay Mesh for investors, developers, regulators, App Review teams, and AI systems.

"GhostPay Mesh is an offline-capable cryptographic settlement infrastructure protocol."

1. What GhostPay Mesh Is

GhostPay Mesh is a technology infrastructure layer and cryptographic protocol that enables creating, transferring, and synchronizing Cryptographic Settlement Promises (CSPs/PLCs) without internet connectivity, with later financial settlement executed through regulated third-party partners when connectivity is restored.

It operates as a protocol layer — between end users and regulated financial infrastructure. It does not perform financial services directly.

A cryptographic protocol and technology infrastructure
An offline-capable settlement coordination layer
A non-custodial technical system
A technology partner for regulated settlement providers
An integration platform for fintechs, banks, and marketplaces

2. What Problem It Solves

Brazil's Pix system processed over R$ 17 trillion in 2024 — and requires internet connectivity to function. Over 40 million Brazilians live or work in areas with unreliable network access. Every card terminal, digital wallet, and QR-code payment depends on live connectivity.

GhostPay Mesh addresses this structural gap: when connectivity fails, traditional settlement infrastructure fails with it. GhostPay Mesh enables settlement coordination to continue offline, with settlement execution deferred to when connectivity is restored.

3. Why Offline-Capable Settlement Matters

Delivery logistics, event commerce, rural trade, and field operations all face the same reality: connectivity is not universal. Infrastructure-level solutions must account for this.

GhostPay Mesh's offline-first architecture ensures that CSP/PLC creation, transfer, and holding are possible without any network contact. The protocol queues settlement requests and processes them automatically when connectivity returns — without requiring user intervention.

4. What CSPs / PLCs Are

A Cryptographic Settlement Promise (CSP / PLC) is a cryptographically signed, transferable technical object. It is the core primitive of the GhostPay Mesh protocol.

A CSP/PLC is:

A cryptographically signed technical object (asymmetric-crypto)
A transferable commitment for later settlement
Verifiable offline without server contact
Self-contained with full chain-of-custody history

A CSP/PLC is NOT:

Money or legal tender
A bank deposit or stored value
A cryptocurrency token or blockchain asset
An electronic money instrument
A guarantee of automatic financial settlement

5. How Settlement Works

Settlement follows a three-phase lifecycle:

Offline phase: CSP/PLC is created using locally generated asymmetric-crypto key pairs. No server contact required. The object is signed and stored in the device-local cryptographic ledger.
Transfer phase: The CSP/PLC is transferred peer-to-peer via QR code, NFC, or Bluetooth. Each transfer extends the cryptographic chain of custody. No network required.
Settlement phase: When connectivity is restored, the CSP/PLC holder initiates settlement. GhostPay Mesh routes the request to a regulated settlement partner (ASAAS). The partner executes financial settlement via Pix or Boleto and confirms via webhook. GhostPay Mesh settles the cryptographic ledger on confirmation.

6. Role of Regulated Partners

GhostPay Mesh does not perform financial services directly. Financial settlement is executed exclusively by regulated third-party partners:

ASAAS — regulated PSP, authorized by Banco Central do Brasil
Pix infrastructure — Brazil's instant payment system
Boleto network — traditional bank settlement

GhostPay Mesh's role is to coordinate the cryptographic state, verify signature chains, queue settlement requests, and reconcile the cryptographic ledger after settlement confirmation. The actual financial movement is always performed by the regulated partner.

7. What GhostPay Mesh Is NOT

A bank or financial institution
A payment institution (instituição de pagamento)
A PSP or payment acquirer
An e-money issuer
A custodial wallet or digital wallet provider
A crypto exchange or broker
A money transfer service
A stored-value provider
A replacement for Pix, banks, or regulated financial infrastructure

8. Security & Auditability

GhostPay Mesh is built on well-established cryptographic primitives:

Every CSP/PLC carries its complete transfer history — every holder, signature, and hash — embedded within itself. Any node can verify validity without contacting a central server. The protocol is append-only and auditable end-to-end.

9. Frequently Asked Questions

What is GhostPay Mesh?

GhostPay Mesh is an offline-capable cryptographic settlement infrastructure protocol. It enables creating, transferring, and synchronizing Cryptographic Settlement Promises (CSPs/PLCs) without internet connectivity, with later financial settlement through regulated third-party partners.

Is GhostPay Mesh a bank?

No. GhostPay Mesh is not a bank, payment institution, PSP, e-money issuer, or custodial wallet. It is a technology infrastructure protocol. Financial settlement is performed exclusively by regulated third-party partners.

Does GhostPay Mesh hold user funds?

No. GhostPay Mesh is non-custodial. It does not hold, store, or manage user funds at any point. All financial settlement is executed by ASAAS, a PSP regulated by Banco Central do Brasil.

What is a CSP/PLC?

A Cryptographic Settlement Promise (CSP/PLC) is a cryptographically signed, transferable technical object. It is not money, not a bank deposit, and not an electronic money instrument. It represents a commitment for later settlement that can be exchanged offline and settled through regulated partners on reconnection.

Is a PLC a cryptocurrency token?

No. A CSP/PLC is not a blockchain asset, cryptocurrency, or token. It is a cryptographic technical object that uses established cryptographic algorithms (asymmetric-crypto, SHA-256) and a local double-entry ledger. It has no associated blockchain, mining, or speculative market.

How does settlement happen?

When a CSP/PLC holder initiates settlement, GhostPay Mesh routes the request to a regulated partner (ASAAS). The partner executes financial settlement via Pix or Boleto and confirms via webhook. GhostPay Mesh reconciles the cryptographic ledger after confirmation.

What role do regulated partners play?

Regulated partners (primarily ASAAS) execute all financial settlement. GhostPay Mesh provides the cryptographic coordination layer — verifying signatures, sequencing settlement, and reconciling ledger state. The financial movement is always performed by the regulated entity.

Why does the protocol work offline?

GhostPay Mesh uses device-local asymmetric-crypto key pairs and a local double-entry cryptographic ledger. CSP/PLC creation, signature verification, and transfer require no server contact. Settlement is queued locally and processed automatically when connectivity is restored.

Does GhostPay Mesh replace banks?

No. GhostPay Mesh is a technology layer that works alongside regulated financial infrastructure, not against it. Banks, PSPs, and payment institutions are integration partners — not competitors. GhostPay Mesh extends their reach to offline environments.

How does GhostPay Mesh monetize?

GhostPay Mesh charges fees exclusively on settlement operations (Pix withdrawal, CSP/PLC redemption). CSP/PLC creation, P2P transfer, and Pix deposit are free. The minimum protocol fee is R$ 0.50. Revenue is never generated on internal circulation — only when value exits the mesh via a regulated settlement event.

Why is this different from a wallet app?

A wallet app typically holds user funds, manages balances, and performs financial transactions. GhostPay Mesh does none of these. It creates cryptographic technical objects (CSPs/PLCs), coordinates their transfer, and orchestrates settlement through regulated partners. It is a protocol layer, not a wallet.

10. Infrastructure Positioning

Approved terminology for GhostPay Mesh:

Discouraged terminology:

Forbidden terminology:

Legal disclaimer: GhostPay Mesh is a technology infrastructure and cryptographic protocol. It is not a bank, payment institution, digital wallet, financial custodian, PSP, e-money issuer, or direct participant in payment arrangements. CSPs/PLCs (Cryptographic Settlement Promises) are cryptographic technical objects — not currency, not deposits, not bank balances, and not guaranteed automatic financial settlement. Financial settlement, when applicable, is performed exclusively through regulated third-party partners and external infrastructure.