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Apr 19, 2021

COINQVEST and Anclap Introduce Inflation Free Digital Currency Payment Processing For Argentina

COINQVEST announces partnership with Argentinian financial service provider Anclap for processing enterprise cryptocurrency payments with inflation-free settlement in USD or directly into Argentine Peso.

Versión en Español

Buenos Aires - April 20th, 2021 - COINQVEST today announced its collaboration with Argentina-based Anclap, a Peso Argentino anchor and financial technology service provider, to bring blockchain-based and inflation-free payment processing to merchants and enterprises in Argentina.

COINQVEST’s platform offers Argentinians flexible and secure payment processing of transactions in BTC, ETH, XLM, and other major cryptocurrencies or stablecoins with settlement to international and local fiat currencies. Merchants can on- and off-ramp funds from digital wallets or brick and mortar bank accounts. Anclap provides real-time bank account integration in Argentina and helps businesses protect themselves from the inflationary nature of the Argentine Peso.

COINQVEST is a licensed virtual currency service built on the Stellar Network that allows merchants to securely accept, manage, and disburse payments in digital currencies. Benefits include non-custodial settlement, reduced costs and settlement times, crypto wallet and fiat bank payouts, customer invoicing, and compliant record keeping.

Marcin Olszowy, Co-Founder at COINQVEST, says: “Argentinian merchants can now settle sales in USD and maintain a USD balance sheet to protect themselves from depreciation of the Argentina Peso. Settled funds can automatically be exchanged into ARS using payment rails provided by Anclap in real-time.”

COINQVEST’s service offers solutions for developers and non-developers alike. A hosted checkout interface was created for lean businesses without web development personnel. For enterprises with a dedicated development team, COINQVEST’s powerful and well-documented API with white-label capability is available for greater control and customization.

COINQVEST understands that as a business, merchants want to focus time crafting the best product or service for customers, rather than worrying if payments are received, about high fees, or how to generate cryptocurrency tax records. COINQVEST’s meticulously designed platform takes care of these issues so that our customers can keep their minds on their business.

Ivan Mudryj, Co-Founder at Anclap, says: “COINQVEST is redefining the digital payments industry. It brings countless benefits for Argentine businessmen and entrepreneurs. Anclap participates in this process connecting e-commerce with the local financial system through Argentine Pesos, providing an on-/off-ramp to the network and allowing access to new global financial services instantly and safely, maintaining full compliance with PLA/FT regulations.”

About COINQVEST

COINQVEST is a streamlined enterprise cryptocurrency payment gateway and API. Processing is secure and automatic, complete with beautifully designed back-end providing analytics, invoicing, and history to serve enterprise business needs.

Visit COINQVEST’s website, press kit, blog.

About Anclap

Anclap provides scalable and immediate technology infrastructure to connect local FIAT financial systems for cash-in and cash-out interoperability allowing the Argentine Peso to be interoperable while remaining in compliance with local regulations. Anclap also provides a layer of additional services for companies and individuals to access new financial services closing the gap between the digital payments and everyday transactions.

Visit Anclap's website.

About Stellar

Stellar is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world's financial infrastructure. Dozens of financial institutions worldwide issue assets and settle payments on the Stellar network, which has grown to over 5 million accounts.

Visit Stellar’s website

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Randall Wong Head of Content