What is VelaFi?

VelaFi is a financial infrastructure platform aimed at businesses in Latin America, providing conversion, payment, and settlement services using stablecoins. The platform enables companies to make large transfers between virtual assets and fiat currencies through local banking systems, offering the appropriate APIs.

The project's description emphasizes compliance with regional regulatory requirements, ensuring security through the use of hot and cold wallets, and providing 24/7 customer support.