Velox is a mobile wallet that enables users to store, convert, and spend major stablecoins such as USDC, USDT, and DAI for everyday transactions. It offers instant peer‑to‑peer transfers, QR‑code payments, and built‑in fiat on‑ramps/off‑ramps, while providing biometric security and a developer API for merchants to accept stablecoin payments with minimal integration effort.
Funding
Funding not disclosed
Founders
Product
Problem
Many cryptocurrency users find it difficult to use stablecoins for routine transactions because existing wallets are often complex, lack merchant integration, and provide limited payment features, leading to reliance on traditional fiat methods.
Solution
Velox offers a user-friendly stablecoin wallet designed specifically for everyday payments. The app streamlines the storage, conversion, and transfer of major stablecoins, enabling instant peer-to‑peer transactions and direct purchases at participating merchants. Built-in fiat on‑ramps and off‑ramps let users move between stablecoins and local currency with minimal friction. Security features such as biometric authentication and encrypted key management protect assets while maintaining a simple onboarding experience. Velox also provides a developer API for merchants to accept stablecoin payments without extensive integration work.
Target Audience
Velox targets cryptocurrency holders who want to spend stablecoins in daily life, as well as merchants and service providers seeking to accept stablecoin payments with minimal technical overhead.
Features
- Intuitive mobile interface optimized for quick stablecoin transfers and QR‑code payments
- Support for multiple leading stablecoins (e.g., USDC, USDT, DAI) across major blockchain networks
- Integrated fiat on‑ramp/off‑ramp allowing seamless conversion between stablecoins and local currency
- Biometric login and encrypted private‑key storage for enhanced security
- Merchant API and SDKs for easy integration of stablecoin checkout in online and point‑of‑sale systems
- Real‑time transaction notifications and balance tracking with low network fees