Velo is a dollar app that uses blockchain technology to provide a self-custody wallet for USDC, a stablecoin pegged to the US dollar. This allows you to buy and transfer digital dollars instantly, unlocking new ways to pay, get paid, spend, and save your money.
Here are some of the benefits of using Velo:
Self-custody: Velo users own the funds in their wallet, while users of traditional financial apps cede custody of their funds to the institution. This means that Velo users have more control over their money.
Digital currency: Velo uses digital currency, while traditional financial apps use fiat currency. This allows Velo users to send money globally without having to worry about exchange rates and fees.
Blockchain technology: Velo uses blockchain technology to secure users' funds and transactions. This makes Velo more secure and transparent than traditional financial apps.