How does the platform work to buy digital dollars and pay for them in 400 different ways?
For Argentines, investing in dollars is always one of the first options when looking for a destination for their savings. With one of the highest dollarization rates in the region, access to instruments that save in this currency is very attractive to local investors.
In this context, the American company Airtm landed in Argentina to provide the possibility of buying virtual dollars abroad with a quotation according to the local market and without limits.
The model works through a peer to peer system in which the company freezes the value of the money that the customer enters, equating it to the US dollar and providing the user with a digital cloud dollar account within the platform so that it can manage that money freely, transforming it when desired into any other currency or virtual asset.
How to protect your life savings?
Once customers anchor their account, in Argentine pesos or in any other currency, the platform, an agreement with the current exchange rates-an average of the Blue dollar and the CCL-calculates the amount AirUSD-digital dollars-to receive for that amount of pesos. If the user accepts the exchange value, Airtm immediately connects it within the same platform with other clients authorized by the company who will take the request and deposit the virtual dollars into the account. The whole process takes between 8-14 minutes.
It should be borne in mind that, when the transaction is made, the platform generates a stable currency called AirUSD, which is backed up by the US dollar. In other words, each AirUSD "issued" is backed by the equivalent of US $1 in a bank account in the United States, thus generating 1 to 1 parity with the US currency and providing full security to the customer.
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Regarding the landing in the country, Airtm founder and CEO Ruben Galindo said: "we are very happy to be able to start our operations in Argentina. Our goal is to give all Argentines in every corner of the country the possibility of having access to a financial alternative with fewer restrictions, so that they can save in a stable currency in the simplest possible way. "
He added: "the purchase can be made through 400 different forms of payment, which gives the person the freedom to operate in a way that is most convenient," he said.
AirUSD can be bought with all the coins in the world.
In other words, "fiduciary currencies" such as the peso, the reales, the dollar, the euro, etc., as well as all cryptocurrencies such as bitcoin, can be purchased. In addition, it can be converted to retained money in other wallets such as PayPal or even gift cards from stores such as Amazon, Playstation, eBay, among others.
RM / LR
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