The new feature in the Xcapit wallet makes it easier for users from Latin American countries to buy cryptocurrencies and tokens.
The launch of the new feature in the Xcapit wallet complements the recently announced on-ramp access feature with Kripton , the on-ramp solution to provide users in Latin American countries with access to cryptocurrencies and tokens.
Xcapit , self - custody , multiblockchain and open source wallet integrates with a financial services company that offers a wide range of options to pay online in local currency , including cash payments , credit cards , online banking and popular solutions specific to the market . market.
Xcapit is the first decentralized wallet to integrate this payment solution . The objective of this functionality is to integrate a new provider on ramp so that users can acquire USDC through various payment methods depending on the country in which they are located and protect themselves against inflation and instability.
The alliance between the wallet and the payment solution for Latam offers users an alternative and more analog method to buy crypto . The option offered is strategic since it provides new means of accessing a currency with a 1: 1 parity with the dollar such as USDC (stablecoin) , not only with credit cards or bank accounts, but also with cash.
The recently integrated on-ramp provider offers a huge differential in the purchase flow by not asking the user to go through a KYC process that is usually carried out in exchanges , where a photo of the ID, fiscal address and other personal data is required.
Using the available means of payment, in the event that the purchase is less than 2,000 USD, just by entering your name, surname and ID, the user will be ready to buy.
This expansion in the opportunity to acquire crypto for more people with different possibilities represents a gateway to potential new users . The main objective is that they can select a payment method according to each country for the acquisition of USDC .
COUNTRIES THAT HAVE ON-RAMP SERVICE AND THEIR MEANS OF PAYMENT
- Mexico : MoonPay, Mastercard, Visa, Oxxo and SPEI.
- Brazil : Ticket and Bank of Brazil.
- Argentina : Krypton.
- Colombia : Efecty, MoonPay, VISA, MASTERCARD, PSE.
- Chile: Santander.
- Peru: PagoEfectivo and Western Union.
- Ecuador: VISA and Mastercard.
- Spain : MoonPay.
PRINCIPAL FUNCTIONS
The user who uses these services from the country where he is needs to go through four instances :
- Choose the token you want to buy (in this case USDC )
- Select the country you are in
- Select the convenient payment method
- Make the purchase by being redirected to the supplier's page
The creation of this new purchase channel is essential if we take into account the issue of accessibility to a stablecoin . In countries with hyperinflationary economies , time wears down the local currency, making it worth less and less, and this new methodology for buying stable currencies allows you to protect the value of the local currency by converting it into digital dollars in a short time .
Generally, in the maelstrom of daily activity added to misinformation in some sectors of the population, the arrival of this type of decentralized financial solutions that start from fiat currency and end up with currencies with parity 1 to 1 with the dollar (simple of achieve in places easily located depending on the country) puts in another place citizens who do not usually use the purchasing methodologies that the crypto ecosystem considers basic.
Post a Comment