Altitude provides real-time global payments, 24/7 USD liquidity, competitive yields, and security enforced by deterministic code.
Written by: Daisy, ChainCatcher
Altitude is a payment platform based on the Squads Protocol, designed to leverage a stablecoin-native operating system to replace traditional banking.
Note: The Squads Protocol is a set of on-chain multi-signature and permission control systems, now used in various asset management scenarios.
In traditional payment systems, non-U.S. companies often face multiple restrictions when creating USD accounts, such as difficulties in account opening, slow cross-border transfers, complex procedures, and high costs. Altitude's USD account solution aims to help these companies overcome cross-border bottlenecks and enhance financial efficiency.
Currently, the platform primarily offers services for corporate users, including storage, transfer, and management of USD funds. Unlike traditional bank accounts, opening a USD account with Altitude does not require U.S. company qualifications or paper materials; it can be used simply by registering via email, and the service is available to companies in different countries and regions.
Additionally, according to official information, Altitude provides real-time global payments, 24/7 USD liquidity, competitive yields, and security enforced by deterministic code.
Its account features include a combination of traditional payment channels (such as ACH, Wire, SEPA) and on-chain stablecoin transfers, while also offering tools for permission settings, multi-account management, and fund approvals. The platform is also integrated with DeFi protocols, allowing for on-chain yield management of unused funds in accounts. Future plans include expanding modules for invoicing, bookkeeping, and virtual cards.
On one hand, Altitude uses stablecoins as intermediaries to support companies in having usable USD accounts without relying on traditional banking systems, enabling them to make and receive USD globally at very low costs.
On the other hand, it aims to simplify complex processes in corporate finance by digitizing and standardizing team permission allocation, operation approvals, and expenditure controls to enhance internal collaboration efficiency. Additionally, it supports companies in achieving real-time tracking of fund movements, eliminating reliance on manual records to avoid delayed feedback and other issues.
In summary, Altitude's mission is to help non-U.S. companies easily create USD accounts while lowering the barriers and costs of participating in the international financial network.
According to official information, its development team comes from the Squads Protocol project and has long been dedicated to financial security and account management technology on the blockchain. They have provided underlying support for several large projects and have extensive experience in asset management and permission control. Furthermore, publicly available information indicates that Altitude has received support from the well-known investment firm Haun Ventures, although specific financing details have not yet been disclosed.
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