El Dorado cryptocurrency exchange now allows users from Argentina, Bolivia, Brazil, Colombia, Panama, Paraguay, and Peru to digitally open dollar accounts in the United States without having to reside or travel to the United States.
This service is available to residents of these six Latin American countries. Aims to facilitate the management of income in dollars and access to international markets.
In a statement to CriptoNoticias, the company explained: “This launch is designed to suit a variety of user profiles in the region. On the one hand, there are also freelancers and remote workers who need to collect salaries and fees in dollars from a global platform.”
The user You can withdraw funds directly from services such as PayPal, Wise, Deel, Upwork, and Payoneer. Then convert it to local currency through the platform. Additionally, this account allows you to deposit through ACH (Automated Clearing House) from brokers like Interactive Brokers and eToro, allowing you to invest in stocks, bonds, and other international financial instruments.
The company reports that the funds received will be automatically converted to USDT stablecoin once they reach the user’s wallet.
It also points out the issue of opening an account. Free for a limited time, but typically has a one-time cost of 2.99 USDT. The fee for ACH transfers is $1.99 + 0.49% and for wire transfers it is $19.99 + 0.49%.
funds arrive Funds are deposited within 2 business days and can be withdrawn to over 70 local payment methods.Mercado Pago, Brubank, Ulá, etc., with a limit of up to $10,000 per user, which can be adjusted depending on your profile.