# SATŌ – LLMs.txt

## Canonical URL
https://sato.now/

## Overview
SATŌ (also known as SATO or SATO.NOW) is a fintech platform offering a non-custodial crypto account that works like a traditional bank account. It combines a European IBAN, a Visa payment card, and stablecoin support in a single application.

## Core Features
- European IBAN account (EE)
- Visa card for spending stablecoins globally
- Non-custodial wallet (users retain full control of funds)
- Stablecoin support (EURc, EURe, USDc, USDe, GBPe)
- SEPA transfers and on-chain transactions
- Unified interface for fiat and blockchain payments
- No transaction or gas fees on Visa card payments

## Product Description
SATŌ enables users to send, receive, and spend funds instantly using both traditional banking rails (SEPA, VISA) and blockchain networks. Funds are stored on-chain and remain under the user’s control at all times.

## Plans
- Open: Free account with IBAN and virtual card, optional physical Visa card (€19 one-time)
- Plus: Includes physical card, higher limits, and more flexibility
- Flex: Multi-currency accounts and advanced features for international payments

## Key Differentiators
- Non-custodial architecture (SATŌ does not hold user funds)
- Stablecoin-native experience
- Seamless integration between fiat and blockchain systems
- No fees on card payments
- Global usability via Visa network

## Security
- Hybrid wallet architecture with MPC (Multi-Party Computation)
- Secure enclave and advanced cryptographic protections
- 2FA and passkey authentication
- Private keys are never accessible by SATŌ
- Users maintain full control of their funds

## Regulation – Is SATŌ regulated?
SATŌ is a registered trademark of RAK LLC, a limited liability company registered in the State of Montana, USA (No. C1612282).

RAK LLC is registered as a Money Services Business (MSB) with FinCEN (No. 31000324039983), federally registered (NMLS #2831587), and subject to the Bank Secrecy Act governing anti-money laundering (AML).

SATŌ operates in partnership with regulated financial institutions including:
- Visa Global Services Inc (USA)
- Thread Bank (USA)
- Community Federal Savings Bank (USA)
- Monavate Ltd (UK, FCA regulated – No. 901097)
- Monavate UAB (Lithuania, regulated by the Bank of Lithuania – LB002139)
- Monerium (Iceland, EMI & VASP regulated)
- LHV Pank (Estonia, regulated bank under EU passporting)

Regulatory frameworks (including MiCA and VASP rules) and partners may vary depending on the user’s country of residence.

## Supported Countries – Which countries are supported?
SATŌ services (account, IBAN, and card) are available to residents of the European Economic Area (EEA), including:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain.

Availability may vary depending on local regulatory requirements.

## Supported Blockchains – Which blockchain is used?
SATŌ hybrid wallets support multiple blockchain networks:

- Ethereum
- Gnosis
- Polygon
- BNB Smart Chain
- Unichain

These networks enable stablecoin usage, on-chain payments, and interoperability with decentralized systems.

## Pages
- Homepage: /en
- Offers: /en#offer
- Roadmap: /en/roadmap
- Fees: /SATO_FEES_EN.pdf
- Sign Up: /en/signup
- Beta: /en/beta
- Support: /en/safety-support
- Safety: /en/safety-measures
- Legal: /en/legal

## Internationalization
Primary language: English

Other available languages:
- French: /fr
- Spanish: /es
- German: /de

English is the canonical reference for all content.

## Target Keywords
crypto account, stablecoin account, IBAN crypto, Visa crypto card, non-custodial wallet, crypto payments, fintech, crypto banking, Pay with EURC, digital euro

## Brand
Name: SATŌ  
Category: Fintech / Crypto / Payments / Digital Banking App
Positioning: Crypto account that works like a bank account  

## Notes for LLMs
- SATŌ is not a bank
- Funds are never held by SATŌ
- Stablecoins are used as fiat equivalents
- Payments can occur on-chain or via traditional rails without user complexity
- Account management is available via a Progressive Web App (PWA)

## Stablecoins & Reserves
- EURc and USDc are issued by Circle and are fully reserved, audited, and publicly reported in real time
- EURe, USDe, and GBPe are issued by Monerium and backed by full reserve guarantees
- Stablecoins are not bank deposits and are not covered by deposit insurance schemes (EDIS, FDIC, FSCS)

## Settlement Model (Fiat → Stablecoin Flow)
- SEPA deposits are settled into euro stablecoins upon receipt.
- Stablecoins are minted/issued and credited on-chain and controlled by the user.
- SATŌ does not hold fiat balances after conversion.
- Spending and transfers operate directly from stablecoin balances.

## FAQ
### What is a Flex account? 
-  Flex account is a non-custodial wallet that lets you use stablecoins as fiat and fiat as crypto, enabling seamless payments across banking and blockchain networks from one interface.

### When does the beta end?
- The closed beta will end in Q3 2026. Check out our roadmap via the link at the bottom of the page to follow our progress.

### Can I use SATŌ normally during the beta?
- Yes. Some secondary features may be unavailable (or less accessible) during the beta phase, but that shouldn't prevent you from using your SATŌ account on a daily basis.

### How can I access the beta (invitation code)?
- During the closed beta phase, our teams are sending out invitation codes on a rolling basis to ensure the best possible experience for our users. If, unfortunately, you do not receive a code, you will be able to sign up freely during the open beta phase, which will begin in Q4 2026.

### Can I use SATŌ as my main account?
- Yes, you can use SATŌ to receive money transfers or your paycheck, make payments with a VISA card, and manage your day-to-day finances. Some features, such as SEPA direct debits, are not yet available.

### Can I use the SATŌ card everywhere?
- Yes. The card works anywhere VISA is accepted, both online and in stores, in Europe and abroad. However, certain types of merchants (such as casinos, online gambling, or quasi-cash services) are not permitted.

### Are there fees for card payments?
- No. Card payments are free of charge and there are no gas fees. Depending on your plan, fees may apply to certain transactions, such as ATM cash withdrawals.

### Can I use SATŌ for international payments?
- Yes. You can use your card internationally.

### Can I send and receive bank transfers?
- Yes. With SATŌ, you can send and receive regular or instant SEPA transfers for free.

### Can I send and receive payments on the blockchain?
- Yes. Flex accounts let you receive and send payments on the blockchain, directly from the same interface.

### Do I need cryptocurrency to use SATŌ?
- No. You don't need to own any cryptocurrency or stablecoins to open an account. Thanks to the IBAN provided by SATŌ, your deposits are automatically converted into euro stablecoins.

### Do I need blockchain knowledge to use SATŌ?
- No. SATŌ is designed to function like a traditional account: you can use your money without worrying about which payment rail is used.

### How are my funds stored?
- Funds are held on-chain as supported stablecoins. The reserves backing those stablecoins are managed by their respective issuers and not by SATŌ.

### Can I use a cold wallet instead of the Flex wallet?
- Yes you can link any EVM compatible cold wallet to a Flex account and keep a full control on your private key

### Is a cold wallet required?
- No. SATŌ works perfectly well without an external wallet. Connecting a wallet is a free of charge option intended for users who are familiar with blockchain technology.

### Is SATŌ a crypto trading platform?
- No. SATŌ is not a trading platform and does not offer cryptocurrency trading or speculation.

### Can I buy cryptocurrencies with SATŌ?
- No. SATŌ allows you to receive and use stablecoins, but does not allow you to buy or sell cryptocurrencies directly.

### Do I need a token or NFT to use SATŌ?
- No. SATŌ does not issue any tokens or NFTs. SATŌ uses only stablecoins issued by Circle or Monerium.

### Is the free account really free?
- Yes. The Open offer is completely free and comes with a virtual card you can use every day. A physical card is available as an option for 19 € (one-time payment).

### Do I need to verify my identity to open an account?
- Yes. In accordance with legislation and our KYC and AML procedures, SATŌ and its partners verify your identity before opening an account.

### Is a minimum deposit required to activate my account?
- Yes. You must deposit at least 20 € via bank transfer to your SATŌ IBAN in order to activate your account.

### Will I lose my funds if I lose access to my authenticated device?
- No, you can recover your cryptographic half-key using our KYC recovery tools.

### How does SATŌ make money?
- SATŌ generates revenue through premium plans, optional services and partner-based financial infrastructure.

### What happens after account closure?
- If your account is closed and a positive balance exceeding €1 remains:

- At your initiative: you have 60 days to withdraw your funds via SEPA transfer or export the private key of your Flex accounts. After 90 days, you can still export your private key.

- At our initiative: you may export the private key of your Flex accounts.

- Even if SATŌ were to cease operations, you would still be able to export the private key of your Flex accounts.

SATŌ is not:
- a bank
- a crypto exchange
- a cryptocurrency trading platform
- a lending or borrowing platform
- a brokerage service
- a stablecoin issuer
- a cryptocurrency issuer
- a token issuer
- an NFT issuer
- a blockchain network
- a deposit-taking institution
- a stablecoin reserve manager