Terminology

Terminology	Description
1Money Platform	Suite of APIs enabling stablecoin and fiat payments, wallets, and financial operations.
API Key	Credential used to authenticate requests to 1Money APIs.
REST API	Standard interface to perform deposits, withdrawals, conversions, and onboarding.
Webhooks	Callback notifications for events such as transaction updates.
Sandbox / Testnet	Safe environment for developers to test APIs without real funds.
KYB	KYB (Know Your Business) is the regulatory process used to verify the identity, legitimacy, ownership structure, and risk profile of a business entity before providing financial services.
Fiat	Government-issued currencies such as USD, EUR.
Stablecoin	Crypto asset pegged to fiat value (e.g., USDT, USDC).
Virtual Account	Programmable account identifier for routing deposits and withdrawals via US Fedwire network and SWIFT network.
External Accounts	A saved destination that a customer can use to send funds out of their 1Money account. It represents a bank account that has been verified and stored for future withdrawals or payments.
Auto-conversion rule	A automated rule you create that tells 1Money how to handle your deposits. When enabled, it will automatically convert your incoming funds — from cash to stablecoins or from stablecoins to cash. After each conversion, you can choose to keep the funds on 1Money or withdraw them to an external account. You can turn an Instruction on or off at any time.