The cryptocurrency market has become increasingly stable and important in recent months and payment systems using this modality have multiplied — which can be a good alternative for consumers and merchants.
The international mobile top up company Ding announced in second week the July a partnership with the cryptocurrency market Paxful to introduce the purchase and sale of prepaid mobile credits using virtual currencies in Brazil.
“We are bringing a great opportunity for business owners with a dream to grow,” says Mark Roden, founder of Ding. “Since we started in 2006, our goal was to offer a safe, simple and effective service. Our customers have sent over 450 million top-ups and we're doing our part to help keep people connected."
To take advantage of the new payments, users need to set up an account on the DingConnect platform and add credits to create a purchase offer on Paxful. Once the initial settings are complete, you can start instant buying and selling credits using currencies such as Ethereum (ETH), Bitcoin (BTC) or Tether (USDT).
With cryptocurrency as a form of payment, merchants can purchase credits wholesale to sell later to smaller merchants or to individual customers. Ding sees great potential for growth among immigrant communities, not only because of the solutions that ensure easy communication with their families, but also because of the ease that end users find instantly sending cellphone credits or data to their loved ones abroad. .
According to Ding GPI (research published by the company), 78% of cell phones in Brazil are prepaid, being used and present in all economic classes. The survey shows that users of such services tend to be younger and that, in 2019, there were at least 136.5 million smartphone users in the country — a number that should jump by 10% by 2025, reaching 157.9 millions of devices.
With this movement in the popularization of cryptocurrencies, in addition to facilitating international transactions, the credit sector is mobilizing to leverage and consolidate, among the general population, the facilities that only cryptocurrencies allow!
