What is Payeer and Why are People Using It?
Payeer was founded in 2012 as an e-wallet that enables users to receive money and shop online instantly without linking their external financial details, such as bank accounts, to their accounts.
Users in more than 200 countries can access it. Many people have taken to the idea of using the wallet because, like competitors such as PayPal, Neteller, and Skrill, it has a built-in payment exchange for systems such as VISA, Mastercard, Epay, QIWI, Advcash, and PerfectMoney.
Payeer can be integrated with websites
One of the reasons why millions are using the Payeer wallet is due to its numerous features. Like competitor wallets, individuals or organizations can integrate the service with their websites so that they can send, exchange, or accept fiat and cryptocurrency on their platforms.
Some of the fiat currencies available to account holders include, but are not limited to, the US Dollar (USD), Euro (EUR), and Rouble (RUB). Cryptocurrencies accepted include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), Tether (USDT), Ripple (XRP), Dogecoin (DOGE), and TRON (TRX).
Due to the advancement in technology, users of smartphones and devices supported by iOS and Android can access the Payeer application. The app can be found on the Apple and Google Play Store.
With many wallets being created daily to meet the demand for intermediaries that can be used to access other financial opportunities, this wallet is one of the most promising.
While users can enjoy the benefits of a cryptocurrency exchange, they can also utilize it as a multicurrency account and issue instant payments, as well as transfers, without entering passwords.
More importantly, you should know that you are joining a large number of people contributing to the current revolution of the whole centralized financial systems should you become a wallet holder.
Author: Raphael Minter
Raphael Minter/ Albert Zuhnden (preferred pen name) is a crypto finance writer, data miner, and fundamental analyst. Raphael has written hundreds of articles about centralized and decentralized financial instruments such as precious metals, commodities, stocks, and cryptocurrencies. He broke into digital finance in 2016 and believes digital assets and blockchain technology is the future of finance.