Description
DolarApp is a blockchain-based financial platform designed to address the needs of the Latin American market by offering cross-border payment and exchange services. It features the USDL stablecoin, tied to the US dollar, to provide a stable alternative for savings, transactions, and remittances in areas with volatile currencies. The platform facilitates seamless conversion between local currencies and US dollars, enhancing transaction efficiency and reducing costs. Users can open an account to convert pesos to the dollar-dominated stablecoin USD Coin (USDc) and vice versa quickly. DolarApp offers a savings option in USDc with a 3% annual yield and an international Mastercard offering up to 4% cash back. Additionally, it provides a cost-effective payment service allowing users to send and receive payments in the United States for a flat fee of $3, contrasting the common practice of a $3 fee plus a 2% charge by other money transfer services. The platform generates revenue through this flat transfer fee and from the interest earned on user balances, positioning itself as a transparent, secure, and efficient solution in the decentralized finance sector, specifically catering to use...
DolarApp is a blockchain-based financial platform designed to address the needs of the Latin American market by offering cross-border payment and exchange services. It features the USDL stablecoin, tied to the US dollar, to provide a stable alternative for savings, transactions, and remittances in areas with volatile currencies. The platform facilitates seamless conversion between local currencies and US dollars, enhancing transaction efficiency and reducing costs. Users can open an account to convert pesos to the dollar-dominated stablecoin USD Coin (USDc) and vice versa quickly. DolarApp offers a savings option in USDc with a 3% annual yield and an international Mastercard offering up to 4% cash back. Additionally, it provides a cost-effective payment service allowing users to send and receive payments in the United States for a flat fee of $3, contrasting the common practice of a $3 fee plus a 2% charge by other money transfer services. The platform generates revenue through this flat transfer fee and from the interest earned on user balances, positioning itself as a transparent, secure, and efficient solution in the decentralized finance sector, specifically catering to use...
