El Dorado is the ideal marketplace for sending remittances, buying, selling and saving dollars, euros, and Bitcoins with Latin American fiat currencies from the ease of your smartphone. When buying or selling in El Dorado, the stress caused by inflation, devaluation, and the difficulty in accessing quality financial services is eliminated.
El Dorado emerged as a response to the need of Latin Americans of having better alternatives for saving, receiving payments, and remittances. The founders are Venezuelans who experienced on their own the catastrophic consequences of not being able to access a hard currency, so they know the need to invest in stable and higher-valued currencies to be able to use and enjoy your money.
We know that Latin America currently faces major economic challenges that make it impossible to fulfill the dreams and needs of millions. On the one hand, Young people have to deal with a financial system that doesn't offer them opportunities to grow, while older people suffer from diminished quality of life as their local currency loses value. Faced with this situation in countries such as Bolivia, Colombia, and Argentina, cryptocurrencies such as Bitcoin and stablecoins have been the perfect opportunity to be able to face economic difficulties and save outside the traditional financial system.
Inspired by these resilient young people, and based on their own experiences, our founders decided to create El Dorado, a platform that allows the rest of Latin America access better financial opportunities to save and protect your money; including those who are not familiar with the world of cryptocurrencies, but want to have a better alternative than those offered by their local currency. This platform was built using Celo's mobile-first technology, which is why and because of our mission to ensure financial growth in Latin America, which today we are part of Celo Alliance for Prosperity.
Another P2P platform? How is El Dorado different from the rest?
Current P2P platforms for buying and selling dollars, euros and cryptocurrencies have a big problem: There is a great disparity between the exchange price of the rest of the market and that established on their platforms. In addition, they are not usually designed to ensure the use of all their features from the ease of a smartphone.
That's why the founders of El Dorado decided to create a new P2P platform, in which transactions are possible thanks to Celo's stablecoins; a blockchain system that facilitates cryptocurrency and fiat money exchanges, allowing exchange rates to be more favorable for users.
On the other hand, El Dorado has a clear objective: To allow all Latin Americans with smartphones to access financial services to save and protect your money easily and quickly. That's why El Dorado's next step is to allow its users access to high-yield savings accounts in USD and expand its services to iOS.
Another of the features that stand out about El Dorado is our approach to the future, since in addition to offering a marketplace for buying stablecoins, functionalities will also be offered to be a bridge for conduct international business between Latin America and the rest of the world as we scale; becoming the main gateway in and out for the Latin American community of Celo
What are the available payment methods?
Currently, you can pay with bank transfers in your local currency, PayPal, Zelle, or whatever payment method you prefer, always agreed with the other party involved in the transaction. In addition, since we want all Latin Americans to be able to enjoy El Dorado we are planning to include new payment methods that facilitate the purchase of dollars, euros and Bitcoin, such as the use of debit or credit cards.
Are transactions in El Dorado secure?
At El Dorado, our mission is to ensure the safety of all our users, that's why we have a set of measures to protect all your operations. This includes the escrow service and a chat with a dispute mechanism to resolve any issues you may have.
How to access El Dorado?
The first step to start enjoying El Dorado's services is to register on the platform, to do so it is only necessary to provide the email, telephone number and create a username and password. With these simple steps you can have your dollar (cUSD), euro (CEur) or Bitcoin account for free.
Later, if you want to make transactions with your local currency, you will only need to complete a verification process, which it is easy to perform and ensures safety within the platform.
Join El Dorado and be part of an incredible journey towards financial stability and inclusion where you are the protagonist! With El Dorado you are only responsible for enjoying the benefits, while we work tirelessly to ensure that all people have access to an inclusive financial system where the prosperity and security of all our users are above all else.
