At Velo, we believe in making the movement of money much more efficient in terms of cost and time.

Unlike other digital dollar account providers that use multiple middlemen for collecting payments, foreign exchange, custody, etc., Velo is built on a self-custody stablecoin wallet with very few intermediaries. Additionally, we are able to offer an IOF of 0.38% instead of 1.1% since the customer funds are being custodied in crypto and not actual US dollars.

Fewer intermediaries and lower IOF means we are able to provide the best value to our customers, which means best-in-class rates and speed.