Review on Cryptobuyer by Pedro O. Alvino M.
Administration of the sale and purchase of crypto assets in Latin America.
Cryptocurrency management platform for commercial use in Latin America, it has a variety of products and services for merchants in countries with a decline in the economy, since a large part of its services is located in Venezuela, where a large part of the volume that processes the platform is generated in that country.
With a KYC procedure, the project seeks to avoid false accounts, in addition to that it is necessary when entering and affiliating bank accounts to the platform by the user or company, so that today there are already a large number of commercial stores nationwide in the country of Venezuela that accept as a payment intermediary, Cryptobuyer.
The expansion of the platform is still slow, given that a large part of its users are in Venezuela, so it is necessary for the project to open more commercial mechanisms for other Latin American countries, given the great handling of crypto assets in the continent. In addition, the fast processing of transactions in Fiat currency to cryptocurrencies through bank transfer or mobile payment is very fast, so there is great potential for the project in Latin America.
Pros
- Promotes commercial use between cryptocurrencies and Fiat in Latin America.
- It has a Giftcard market with payments in cryptocurrencies.
- Offers the availability of receiving payments by means of bank transfers.
- It has two-factor authentication for greater privacy in the user's account.
Cons
- Limited currency support.
- The project's cryptographic card service is disabled.
- These functions are still very basic compared to other cryptocurrency management platforms in Latin America.
- The user demand for the platform is still very low.
