SWIFT is slow
Sent through correspondent banks on a Saturday, a cross-border payment waits until the banks open on Monday to settle. On Altius Lane it settles in the next block, so you can keep smaller prefunded balances in each market
How a payment reaches your payout partner
Checked against your sanctions list and KYC rules
A payment from an address on your deny list is refused, and so is a payment from an account without a KYC attestation you accept
Final once its block is committed
No reorganization can roll the payment back, so your payout partner can start the local payout as soon as it sees the block
You and your partner read the same record
The settlement between you is one entry on the network, so neither side sends the other a file to reconcile at the end of the day
Checked against your sanctions list and KYC rules
A payment from an address on your deny list is refused, and so is a payment from an account without a KYC attestation you accept
Final once its block is committed
No reorganization can roll the payment back, so your payout partner can start the local payout as soon as it sees the block
You and your partner read the same record
The settlement between you is one entry on the network, so neither side sends the other a file to reconcile at the end of the day
Privacy, compliance, and capacity
Your network's members include banks, a stablecoin issuer, liquidity providers, and payout partners in each market, and some of them compete with each other
Amounts stay between the two parties
With confidentiality turned on, a payment's amount and the balances behind it are visible only to its sender and recipient. A competing payout partner on the same network can't see your volume
Every sender is a known member
Or not. Chain-level policies can be set to define what degree of privacy is the default
Visible to a regulator on request
A viewing key gives a regulator or auditor read access to the payments in its scope, with no ability to move funds
Built for high volume and growing state
Altius L1 is designed for 6,000+ transactions per second. A payments network also adds accounts every day, and Altius computes state roots with SSMT, a parallel engine whose speedup grows as the state gets larger