Canonical: https://unicorncurrencies.com/features/fast-settlements/

# Intelligence: Fast Wallet-to-Wallet Transfers

## Summary

fast wallet-to-wallet movement where supported—50x faster than banks



Lightning-fast settlement within the Unicorn Currencies network. While banks take 2-3 business days for international transfers, our wallet-to-wallet transfers average just 2.3 seconds. Pay suppliers instantly, improve relationships, and never miss a discount for early payment.

## How It Works

- **Step 1:** Initiate Payment — Select your supplier from saved beneficiaries or add new details. Enter amount in any currency—we handle the conversion.

- **Step 2:** Lock Your Rate — See the live rate with 0.5% spread. Lock it for 15 seconds while you review and confirm the payment details.

- **Step 3:** Instant Compliance — Our 0.14-second compliance screening verifies the payment against sanctions lists, PEP databases, and fraud patterns.

- **Step 4:** Settlement in Seconds — For wallet-to-wallet transfers, funds arrive in 2.3 seconds average. External payments use local rails for same-day delivery.

## Benefits

- 2.3-second average wallet-to-wallet settlement

- 10-50x faster than traditional banks

- Real-time payment confirmation

- Instant balance updates across all wallets

- Same-day international transfers via local rails

- 24/7 availability—no banking hours restrictions

## Use Cases

- **Container at Port—Pay to Release:** Your container arrives and needs immediate payment to clear customs. With fast wallet-to-wallet movement where supported, you pay and get confirmation before the customs officer finishes their coffee.

- **Capture Early Payment Discounts:** Supplier offers 2% discount for payment within 24 hours. Banks would take 3 days. You pay in seconds, capture the discount, and improve your margins.

- **Multi-Supplier Payment Run:** Process 20 supplier payments across 8 currencies in under 5 minutes. Each settles in seconds with real-time confirmation and automatic reconciliation.

## Operational Difference

- **Settlement Time:** Unicorn Currencies: 2.3 seconds (wallet-to-wallet). Banks: 2-3 business days (SWIFT).

- **Availability:** Unicorn Currencies: 24/7/365. Banks: Banking hours only.

- **Confirmation:** Unicorn Currencies: Instant—real-time notification. Banks: Next day or later.

- **Payment Tracking:** Unicorn Currencies: Live status updates. Banks: Call to enquire.

## FAQs

- **How fast are international payments with Unicorn Currencies?** Wallet-to-wallet transfers within the Unicorn Currencies network settle in 2.3 seconds on average. External payments to supplier bank accounts use local payment rails (SEPA, Faster Payments, ACH) for same-day delivery in most corridors.

- **Why are you faster than traditional banks?** Banks use SWIFT, which routes through multiple intermediary banks over 2-3 days. We use direct local payment rails and our own settlement network, eliminating intermediaries and their delays.

- **Can I make payments outside banking hours?** Yes. Our platform operates 24/7. Wallet-to-wallet transfers settle instantly any time. External payments queue for the next local rails processing window (typically same-day or next morning).

- **How do I know when my payment has settled?** You receive instant confirmation via email, SMS, and in-app notification. The payment status updates in real-time from "Processing" to "Settled" with timestamp and reference.

- **What currencies support fast settlement?** Wallet-to-wallet transfers work across all 20+ supported currencies. Local rails settlement is available for GBP, EUR, USD, CAD, AUD, and 30+ other major currencies.