Altitude Card
Squads · Visa
Altitude is the financial operating system for businesses built by Squads on Solana stablecoin infrastructure: multi-currency accounts, global payments, yield on balances, and virtual and physical Visa corporate cards for teams. Squads states it does not take custody of customer funds (self-custodial/non-custodial model), which are held in stablecoins; money movement runs through a network of regulated partner PSPs (Bridge, MoonPay, Infinite, Due). The card is free to issue, has no monthly fee, and a 0% FX markup; cashback reaches up to 2% but is unavailable in the EEA and Singapore. It is restricted to business accounts with identity verification and KYB. ATM fees and ATM withdrawal limits are not publicly disclosed, so they are shown as 0 in this entry in the absence of an official figure. Altitude launched publicly in December 2025 and is available in 150+ countries.
The number that matters
The banner cashback isn't what you pocket.
After FX markup, fees and withdrawals, on an average profile of €1,000/mo (20% abroad).
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Visa |
|---|---|
| Fund custody | Self-custody (funds in your control) |
| Issuance fee | Free |
| Annual fee | Free |
| Free ATM limit | Non divulgato |
| ATM withdrawal | Free |
| FX markup | 0% |
| Cashback | 2% · Nessuno |
| Chains | Solana |
| On-chain settlement | Yes |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 4/10 |
| Supported countries | US, EEA, UK, APAC, LATAM, MENA, AFRICA |
| Funding / solidity | Altitude è il prodotto di Squads (entità legale Selimor Investments Limited), fintech su infrastruttura stablecoin Solana con sede a New York; certificazione SOC 2 Type I. |
| Estimated net annual cost | €0/year |
| Regulator | Nessuna licenza propria; opera tramite PSP regolati partner (Bridge, MoonPay, Infinite, Due) |
| Segment | B2B |
| Funding / solidity | Altitude is the product of Squads (legal entity Selimor Investments Limited), a fintech built on Solana stablecoin infrastructure and headquartered in New York; SOC 2 Type I certified. |
| MiCA / License status | Nessuna licenza propria: opera tramite una rete di Payment Service Provider (PSP) regolati partner (Bridge, MoonPay, Infinite, Due) Altitude is a fintech platform, not a bank or a digital-asset custodian (SOC 2 Type I certified). It holds no license of its own: each account plugs into regulated Payment Service Providers (Bridge, MoonPay, Infinite) that run sanctions screening, AML checks and transaction monitoring; funds remain in self-custodial stablecoins. |
Strengths
- Self-custodial: Squads states it does not take custody of funds (balances in stablecoins)
- Free issuance, no monthly fee and 0% FX markup
- Virtual and physical Visa cards for teams in 150+ countries
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- Business-only: requires a business account and full KYB verification
- Cashback (up to 2%) is unavailable in the EEA and Singapore
- ATM fees and limits are not publicly disclosed
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Altitude is a fintech platform, not a bank or a digital-asset custodian (SOC 2 Type I certified). It holds no license of its own: each account plugs into regulated Payment Service Providers (Bridge, MoonPay, Infinite) that run sanctions screening, AML checks and transaction monitoring; funds remain in self-custodial stablecoins.): reporting to authorities and freezes on order.
Verdict
Altitude is neither a bank nor a digital-asset custodian: funds stay in stablecoins (Circle, Bridge) under a self-custodial model and money movement runs through regulated partner PSPs (Bridge, MoonPay, Infinite, Due). There is therefore no deposit guarantee: protection of the balance depends on the stablecoin issuer and the PSPs, not on a bank deposit-protection scheme.
Relatively high sovereignty profile for a card: Squads states it does not take custody of funds, which remain in stablecoins under the user's control on Solana. Significant constraints remain, though: mandatory full KYB, business-only access, and reliance on regulated PSPs and centralized stablecoins (USDC) that the issuer can freeze.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is the Altitude Card custodial or self-custody?
Altitude uses a self-custodial model: Squads states it does not take custody of customer funds, which stay in stablecoins. Money movement runs through regulated partner PSPs.
How much does the Altitude Card cost?
Issuance is free, there is no monthly fee, and the FX markup is 0%. ATM fees and limits are not publicly disclosed. The card is restricted to business accounts with KYB verification.
Sources
- Official service page Custodial · Azienda · Regioni · Kyc · +7 Data verified on Jun 23, 2026
- support.altitude.xyz Italia disponibile · Supported currencies · Paesi Data verified on Jun 23, 2026
- prnewswire.com Issuer · Blockchain · Custodial · Licenses & registrations Data verified on Jun 22, 2026
- theblock.co Issuer · Blockchain Data verified on Jun 22, 2026
Show 1 more source
- todey.xyz Payment network · Card issuance fee · Annual card fee · FX markup · +4 Data verified on Jun 22, 2026