Mony is a digital wallet from Banco Mercantil Panama, which offers its customers the opportunity to send and receive payments in dollars immediately.
You can see Mony as a kind of Zelle or Mobile Payment and it's a great alternative for Mercantil users in Venezuela to send payments or save their money safely.
In El Dorado, you can use Mony as a payment method to buy USDT, USDC, cUSD, and even Bitcoin. All very simple and in a matter of minutes.
Advantages of using Mony
If you are interested in opening an account with Mony, here are some of the highlights of this wallet.
- Free account opening
- Send and receive transfers from domestic and international payments
- MasterCard debit card
Something not so good about Mony is that it is only available to Mercantil Bank users, but remember that Mercantil has a great alternative for non-customers of your bank.
That alternative is Zinli and obviously, you can recharge your Zinli account in Venezuela with El Dorado P2P.
What fees does Mony charge?
Another important point that you should keep in mind when opening your Mony account are the commissions, we leave them here:
- Account opening: Free!
- Sending payments between Mony users: $0
- MasterCard Debit Card: $25.00
- ACH transfers: 1.5% of the total amount
- International transfer reception: $6
If you want to know all of Mony's commissions, click here.
How to buy stablecoins with Mony in El Dorado?
Buying USDT, USDC, cUSD or Bitcoin in El Dorado is very easy, so much so that we can explain it in just 6 steps:
- Create your El Dorado account at our website or by downloading the app at Android or iOS.
- Complete identity verification or KYC. This step will only take you 5 minutes.
- Go to the” tabChange” and the coin selector indicates”shipping” USD →”Receipt” (The cryptocurrency you want).
- Select the offer you like the most and press”Change”.
- Enter the amount of dollars you want to change and confirm the operation.
- Now you just have to make the payment to your counterparty's account and mark the operation as completed.
- And ready! In a matter of seconds, you bought your favorite crypto in El Dorado.
What can you do with your digital dollars?
Once you have a balance in your El Dorado account, the possibilities are endless. You can recharge your Zinli card or Wally from $1.
You can also use El Dorado to protect your money from inflation and save safely.
The options are many and you decide which one to take. ¡Create your account in El Dorado right now! It won't take you +5 minutes to do it and start your path to financial freedom with us.
