From El Dorado they affirm that the function covers a need identified among their local clients.
For now, the option to pay with the exchange’s QR will be available only in Bolivia.
The El Dorado cryptocurrency exchange incorporated a function that allows payments with QR codes within its platform peer-to-peer (P2P) in Bolivia, facilitating transactions between users.
According to the company, This tool responds to a need detected among local clientswho used to manually share their QR codes via chat in each operation.
“In Bolivia, many shared their QRs through the chat when doing P2P, which added extra steps and unnecessary friction,” explained Guillermo Goncalvez, CEO of El Dorado.
With the new update, it is now possible to upload a QR from any bank or wallet as a payment method, which is automatically linked to each transaction. The QR is saved and can be reused until it expiresthus reducing errors and streamlining the buying and selling process.
Among the advantages highlighted by the platform regarding this addition are reinforced security, more agile payments and a lower possibility of errors. The buyer can download the QR directly from the order and make the payment from their banking application or digital wallet.
For now, the feature is available exclusively in Boliviaalthough El Dorado pointed out which could extend it to other countries if the reception among users is positive.
The arrival of this new function coincides with a moment of profound changes in Bolivia. As reported by CriptoNoticias, after the victory of Rodrigo Paz Pereira in the recent presidential elections, the country could be heading towards a stage more open to financial innovation and the regulated use of digital assets.
This interest in cryptocurrencies could create an enabling environment for platforms like El Dorado to continue expanding their role in the adoption of new payment methods.