Can bypass Financial Supervisory Commission (FSC) rules to buy crypto with credit cards? ODC pushes a Wallet Pro service for buying crypto with U.S. debit cards

OwlTing launches OwlPay and Wallet Pro services. By partnering with international payment giants and leveraging stablecoin technology, it enables B2B cross-border payments, and further connects to the international financial system by taking advantage of offshore entity benefits.

Shifting from e-commerce to fintech, OwlTing’s cross-border payment strategy shows strategic ambition

Taiwanese blockchain company OwlTing (OwlTing) successfully listed on the Nasdaq in the United States last year through a Direct Listing, with the stock ticker OWLS.

The company’s transformation journey is quite remarkable. It initially started out as an e-book platform, “Ebook” (“歐簿客”), and later expanded into small-farmer e-commerce and blockchain traceability systems. Over the past decade, OwlTing has continued to apply blockchain technology in the real world—ranging from early efforts assisting the government in setting up traceability records for forest products, to later applying the technology to booking inventory management in the hospitality industry. At this stage, OwlTing has fully shifted its focus to fintech, launching its flagship cash-flow (money flow) service product OwlPay.

The company has positioned itself as a fintech firm, and—through partnerships with international investment institutions such as Japan’s SBI—seeks to build foundational infrastructure for stablecoin payments. OwlPay is mainly aimed at enterprise-grade B2B cross-border payments. It uses stablecoin technology to speed up transfers and reduce transaction fees, with the goal of solving the dilemma of traditional banks’ cross-border settlement taking days and involving complicated processes. What OwlTing is showcasing to the market is a vision to build an “Asia version” of the payments giant Stripe. Its development logic is to extend blockchain’s capability to prevent “double spending” from agricultural traceability and hotel inventory management to money-flow settlement. This strategy of moving from real-world applications to core financial services allows it to demonstrate a distinctive business path in a fiercely competitive blockchain industry.

Wallet Pro links international payment infrastructure, and its technical architecture enables cross-border buying of crypto

Wallet Pro, the personal payment wallet launched by OwlTing, is an important implementation as it enters the virtual asset retail market. The product’s core competitiveness is built on its partnership with the international payment giant MoneyGram, with use cases focused on remittances for migrant workers and individuals’ cross-border money flows.

Using blockchain technology, Wallet Pro enables users to buy $USDC stablecoins with cash at specific physical retail outlets, and then perform international transfers. The product’s biggest technical highlight is that its architecture is directly connected to the Visa Direct system, and it explicitly indicates support for transactions using “United States” signature debit cards.

This model demonstrates OwlTing’s offshore entity advantage as a U.S.-listed company. Through direct connectivity with international card networks, Wallet Pro can handle money flows from U.S. issuing institutions, thereby bridging the settlement systems of virtual assets and traditional fiat currencies.

Although this service is currently designed for signature cards issued in the United States, the core technical logic showcases the possibility of providing users with an asset-conversion route via offshore compliant channels. This design reflects the company’s flexibility in product strategy, and it also attempts to find more efficient funding channels for the use of virtual assets within the existing international financial network.

Avoiding domestic regulatory limitations, offshore service entities challenge the boundaries of legal jurisdiction

OwlTing’s U.S. signature card crypto-buying service has sparked in-depth discussion in the market about the regulatory boundaries. Since the business directly connects to the Visa Direct system and supports U.S. signature debit cards, in nature it is an offshore transaction service.

Against the background that Taiwan’s Financial Supervisory Commission (FSC) strictly prohibits domestic banks from engaging in virtual asset transactions, OwlTing’s model offers a technical solution. This business is deemed to be cross-border services provided by an offshore company, not merely a domestic business. Therefore, it can operate outside the specific rules currently applicable to virtual asset service providers (VASPs) in Taiwan.

The FSC’s regulatory scope mainly focuses on domestic companies and those that provide services within Taiwan. For businesses operated by domestic companies offshore and that connect to foreign financial systems, it typically falls outside its jurisdiction. When users use U.S. signature debit cards, the resulting transaction activities occur under the U.S. financial regulatory framework rather than within Taiwan’s jurisdiction.

This “offshore services, domestic use” model is a strategy currently adopted by many fintech companies with an international background. OwlTing’s CEO has taken a tough stance in response to external doubts, emphasizing that if media outlets or individuals distort information, it may constitute misleading market behavior. This reflects the company’s determination to maintain the legality of its cross-border business and its market image.

Virtual Asset Services Act draft formally approved; a new route for offshore firms to enter the market

On April 9, 2026, the Executive Yuan officially approved the draft of the “Virtual Asset Services Act,” symbolizing a new stage in Taiwan’s virtual asset industry moving toward legal and regulated management. The bill categorizes virtual asset service providers into seven major classes: trading platforms, exchange operators, transfer service providers, custodial providers, issuers, investment advisers, and other providers announced under applicable rules, among others, and adopts a licensing-and-permit system across the board.

The new law sets strict requirements for asset custody. It explicitly states that stablecoins must not be issued with interest, and it establishes severe penalty provisions of up to 200 million yuan for conduct involving fraud. The publication of this law aims to improve business operations and protect the rights and interests of traders. For domestic operators, it represents a major compliance challenge.

• Related news: 2026 latest》Virtual Asset Services Act draft quick guide: full解析 of stablecoins, licenses, and penalties

In an environment where compliance thresholds are raised, OwlTing’s offshore detour model has sparked open-ended thinking about future market competition. As Taiwan’s virtual asset regulations become increasingly stringent, will this approach of using offshore entity status and connecting to international financial infrastructure become the standard practice for other offshore providers entering Taiwan’s market?

When domestic operators must shoulder high compliance costs and business limitations, if service providers with international backgrounds continue to offer more flexible funding options through technical means, it will have a profound impact on the local regulatory framework and market structure.

The integration of decentralized technologies and cross-border financial networks is continuously challenging traditional territorial regulations. Market participants will keep testing how accommodating the regulations are, seeking a balance between innovation and compliance.