Company Information

Get to know Dolar

DolarApp is a financial technology company that provides a digital dollar account to users in Latin America, aiming to offer a gateway to the global economy and protect them from local currency devaluation. Founded as part of the Y Combinator (W22) accelerator program, the platform allows users to buy and hold USDC (a stablecoin pegged to the US dollar), send and receive domestic and international payments, and use a Mastercard for purchases. The service is built on blockchain technology to facilitate efficient and low-cost cross-border transactions, effectively providing a US dollar-based account without the need for a traditional US bank.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Dolar

Colombia

Founded in

2013 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.