A new payment alternative developed by Venezuelans contrasts with the usual closed systems such as PayPal and cell.
Focuses on the Latin American market, but is also available worldwide. The XTP cryptocurrency launched by Cryptobuyer as part of the current Covid 19 pandemic offers a new exchange alternative: Opening doors for businesses, corporations and industries to better handle cryptocurrencies, making international payments to suppliers, individuals and legal entities easier.
Cryptobuyer is a Panamanian company that started its activities in 2015 with the presentation of blockchain solutionsXPT is the native cryptocurrency based on the ERC 20 protocol of the Ethereum blockchain. Cryptobuyer signed an alliance with Liquid Group, a financial technology company that offers exchange services and expanded the possibilities of using the XPT by listing the token in Liquid “Quick Exchange”, which started on April 29. This union would allow XPT to easily switch to the variety of cryptocurrencies on the market.
Jorge Luis Farías, CEO of Cryptobuyer, said: “In a situation where cash is practically gone and fiat money is being spent unchecked around the world, it is much more important to have some sort of alternative voucher, and that’s what XPT does. Our cryptocurrency is a gateway for people who have never interacted with this world to understand more easily. We have developed products that are more intuitive and understandable because they can be used from day one. “
What are cell and Paypal?
Venezuela is currently in constant progress in transaction dollarization. Where various tools have been implemented for easy currency exchange without cash, with Paypal and cell striking, these are the most common in the country.
Cell is an application that is based on fast, low-nominal payment transactions and avoids high interbank fees for payments through the various traditional channels. For a country where every dollar counts, using this transaction tool is a great benefit as the cost of bank commissions can range from $ 20 to $ 30.
In order to complete a transaction, it is important that both the recipient and the issuer have a bank account in the United States and both are registered on the digital platform. Cell is available for iOS and Android. It is even possible to perform operations through the website.
“Cell is a quick, safe, and easy way to send money to friends and family. It is similar to cash. So you have to make sure that you only use it to pay for people you know and trust (…). Not people you don’t know, like this stranger who sells suspiciously cheap concert tickets online. “, published in the statement on the website.
On the other hand, PayPal is another alternative for transactions.With this platform, money transfers can be carried out that require the allocation of an international credit card that is activated for foreign currency transactions and that in turn belongs to the account holder. PayPal is a widespread electronic wallet that can receive payments from anywhere, be it transfers from a family member or purchases in digital stores.
Venezuela is increasingly using alternatives for digital transactions. Here, users become familiar with the use of cryptocurrencies to cope with the hyperinflation of the local currency and the lack of cash.
The XPT token is an example of opening up new spaces in the ecosystem where it is already used in Panama, Spain, Argentina and Venezuela. Thanks to the CryptobuyerPay coverage, XPT can be used in many shops and businesses in Latin America, e.g. B. in Traki Venezuela, Samsung Experience in Venezuela and Panama.
The Panamanian company, which has been offering blockchain and digital asset solutions since 2015, made the launch of XPT official on March 19 on the Bitmart and Hubi stock exchanges. The company intends to be able to pay with the token through the Cryptobuyer branch network.
At the end of the post, the token’s price, according to the Coingecko price indicator, is around $ 0.01725, a decrease of nine percent in the last 24 hours.