🇦🇷 Bringing Crypto to Argentina
Belo - how the pandemic brought an explosion of crypto to Argentina
Today's Highlights
- Belo - digital cryptcurrency wallet for Argentia
- Blockchain jobs - a listing of fresh jobs related to web3/blockchain/crypto.
- In Other News - a few interesting developments we're tracking.
Belo - digital cryptocurrency wallet for Argentia
Launched in the midst of the pandemic in 2021, Belo is a digital wallet that allows exchange between Argentine pesos and crypto. It is the first company in Argentina to join Mastercard‘s “Crypto Card Program '' and roll out its crypto card to the market. Users can pay in stores directly with cryptocurrencies and refunds are offered in crypto (cashback) between a minimum of two per cent and 21 percent of the amount spent. Belo is designed to be fully interoperable between fiat currencies and crypto, in a simple and intuitive way.
Belo was launched with the goal of “creating a bridge” between the crypto world and life in pesos. Belo has a very simple interface. Through a mobile app and a Mastercard prepaid card, it offers people a simple and safe way to access cryptocurrencies such as bitcoin, ether, or stablecoins, exchange them for Argentine pesos, and pay in any physical and virtual store that accepts Mastercard.
The main features of Belo include: Crypto currencies can be bought in the simplest way, money is worth more everyday and most importantly a card to use the cryptos everyday. Using the belo app, buying bitcoin, ether or stablecoins is very simple. Once the deposit is made the user will have funds in the account. Now the user just has to press the "Convert" button to transform the balance into the cryptocurrency of the user's choice. On screen the user will be able to select the amount to be converted. After confirming the operation, the user will have the balance available in the chosen cryptocurrency.
Manuel Beaudroit, Edwin Rager, Fernando Berti, Manu López are the co-founders of Belo. They have raised a total of $3M in funding.
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