FAQ

Almond manages its network of licensed financial institutions and leverages the capabilities of centralized crypto exchanges to facilitate real-time funds movement between these entities. Almond utilizes its Settlement Optimization Engine to enable near-instant settlements in various jurisdictions. Payouts for C2C/P2P transactions are orchestrated by the Almond Transfer Protocol, which triggers, monitors, and manages the E2E transaction/payout lifecycle between source and destination members. Almond constantly monitors real-time forecasts and money movements and uses a smart logic to enable its members to move funds across borders efficiently.

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We offer a suite of APIs that enable:

1. Peer-to-peer transfers
2. Digital-currency based international settlements
3. A white labeled, web or mobile user interface

We are a B2B service for financial institutions. Individuals can send and receive money through the Almond network by accessing it through their existing financial institutions’ web or mobile interfaces.

No, we are a technology provider. We work with licensed financial institutions that hold funds and perform KYC on end users. Almond does not hold funds in fiat or digital currency at any point during the funds flow.

Last-mile access: Users are connected through their own financial institutions. There’s no need for them to download a new app or visit a branch.

Simple integration: Our APIs are intuitive and well documented. It takes an average of 3 weeks to integrate a partner into our network.

Real-time transfers: Users can send and receive money within seconds, while tracking the process on their existing apps.

Transparent and affordable fees: We reduce our partners’ transaction costs significantly compared to using traditional banking rails.

Built-in AML compliance: Every partner and transaction on our network is screened to prevent money laundering.

No upfront float requirement: Our partners can start enabling transactions without pre-funding international float accounts.

Automated settlements: Our partners can keep their accounts funded and minimize floats through automated settlements.

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Almond trees are often the first to bloom, and they are often considered symbols for growth, prosperity, and renewal. We hope the work we do will also yield these qualities to those we serve in this region and throughout the world.

Almond is a B2B technology provider offering a blockchain-based funds transfer infrastructure to connect financial institutions and their users globally. Almond enables people to send money across borders using their existing local mobile wallet or payment service – with or without a bank account.

Our customers are financial institutions, including banks, mobile wallet providers and credit unions around the world. Our initial regions of interest are Southeast Asia and North America.