Q: What is ebioro?

ebioro, composed of the words “ebi” (Yoruba for family) and “oro” (Spanish for gold), is a financial technology company whose platform offers transactions based on virtual assets, such as cryptocurrencies or stablecoins. Key features of ebioro: <ul> <li>Non-custodial wallet: You control your funds at all times.</li> <li>Access to digital assets: Buy, sell, and manage cryptocurrencies and stablecoins.</li> <li>Personal and business accounts: Options for individuals and companies.</li> <li>Gift cards and store purchases: Buy gift cards and shop in multiple stores.</li> </ul> Our goal is to reduce economic borders and contribute to a more efficient, inclusive, and globally integrated market.

Q: How can I access ebioro's services?

To access ebioro, download the app from <a href="https://play.google.com/store/apps/details?id=com.ebioro.app&hl=en_US">Google Play</a> or the <a href="https://apps.apple.com/fi/app/ebioro/id1662259255">App Store</a> and register to open your account. Once your account is created, you can start using the wallet to send and receive money, buy and sell cryptocurrencies, top up mobile phones, purchase gift cards, and make fast payments securely on the Stellar blockchain.${color}<a href="">#04394f</a>

Q: Who can I send crypto to?

You can send crypto to anyone who has an ebioro wallet or any other wallet that supports Stellar Lumens (XLM). Transfers are fast, secure, and easy, allowing you to move funds globally without hassle.

Q: What is Stellar Lumen (XLM)?

Stellar Lumen (XLM) is the native cryptocurrency of the Stellar network, a blockchain designed to make money transfers fast, secure, and low-cost across borders. Key points about XLM: <ul> <li>Bridge currency: XLM helps facilitate transactions between different currencies, making cross-border payments seamless.</li> <li>Low fees: Transactions on Stellar are extremely cheap, often costing just a fraction of a cent.</li> <li>Speed: Transfers are processed in just a few seconds, unlike traditional banking methods.</li> <li>Security: Every transaction is recorded on the Stellar blockchain, ensuring transparency and trust.</li> </ul> With XLM, Stellar creates a global financial network that connects people, banks, and payment systems efficiently.

Q: What is KYC?

KYC stands for Know Your Customer. It is a process used by banks, exchanges, fintech companies, and blockchain platforms to verify the identity of users and prevent illegal activities such as money laundering, fraud, or illicit financing. Typically, KYC requires: <ul> <li>A valid ID (passport, national ID, or driver’s license).</li> <li>Proof of address (utility bill, bank statement).</li> <li>In some cases, a photo or video verification.</li> </ul> Why is it important? KYC helps to: <ul> <li>Ensure transparency in financial operations.</li> <li>Reduce the risk of fraud or identity theft.</li> <li>Comply with international anti-money laundering (AML) and counter-terrorism financing regulations.</li> </ul>

Q: Why use stablecoins?

Stablecoins are digital currencies designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. ebioro uses USDC on the Stellar network, which combines stability with fast and low-cost transactions. Benefits of using stablecoins like USDC on ebioro: <ul> <li>Stable value: Unlike other cryptocurrencies, stablecoins are not highly volatile, making them ideal for everyday transactions.</li> <li>Fast and low-cost transactions: Stellar allows almost instant transfers with minimal fees.</li> <li>Global accessibility: Send, receive, or spend funds anywhere in the world without traditional banking limitations.</li> <li>Transparency and security: USDC is backed by real US dollars and operates on a secure blockchain.</li> </ul> With USDC on ebioro, you get the advantages of cryptocurrencies while enjoying the confidence of price stability.

Question 1

What is ebioro?

Accepted Answer

ebioro, composed of the words “ebi” (Yoruba for family) and “oro” (Spanish for gold), is a financial technology company whose platform offers transactions based on virtual assets, such as cryptocurrencies or stablecoins.

Key features of ebioro:

Non-custodial wallet: You control your funds at all times.
Access to digital assets: Buy, sell, and manage cryptocurrencies and stablecoins.
Personal and business accounts: Options for individuals and companies.
Gift cards and store purchases: Buy gift cards and shop in multiple stores.

Our goal is to reduce economic borders and contribute to a more efficient, inclusive, and globally integrated market.

Question 2

How can I access ebioro's services?

Accepted Answer

To access ebioro, download the app from Google Play or the App Store and register to open your account.

Once your account is created, you can start using the wallet to send and receive money, buy and sell cryptocurrencies, top up mobile phones, purchase gift cards, and make fast payments securely on the Stellar blockchain.${color}#04394f

Question 3

Who can I send crypto to?

Accepted Answer

You can send crypto to anyone who has an ebioro wallet or any other wallet that supports Stellar Lumens (XLM). Transfers are fast, secure, and easy, allowing you to move funds globally without hassle.

Question 4

What is Stellar Lumen (XLM)?

Accepted Answer

Stellar Lumen (XLM) is the native cryptocurrency of the Stellar network, a blockchain designed to make money transfers fast, secure, and low-cost across borders.

Key points about XLM:

Bridge currency: XLM helps facilitate transactions between different currencies, making cross-border payments seamless.
Low fees: Transactions on Stellar are extremely cheap, often costing just a fraction of a cent.
Speed: Transfers are processed in just a few seconds, unlike traditional banking methods.
Security: Every transaction is recorded on the Stellar blockchain, ensuring transparency and trust.

With XLM, Stellar creates a global financial network that connects people, banks, and payment systems efficiently.

Question 5

What is KYC?

Accepted Answer

KYC stands for Know Your Customer. It is a process used by banks, exchanges, fintech companies, and blockchain platforms to verify the identity of users and prevent illegal activities such as money laundering, fraud, or illicit financing.

Typically, KYC requires:

A valid ID (passport, national ID, or driver’s license).
Proof of address (utility bill, bank statement).
In some cases, a photo or video verification.

Why is it important? KYC helps to:

Ensure transparency in financial operations.
Reduce the risk of fraud or identity theft.
Comply with international anti-money laundering (AML) and counter-terrorism financing regulations.

Question 6

Why use stablecoins?

Accepted Answer

Stablecoins are digital currencies designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. ebioro uses USDC on the Stellar network, which combines stability with fast and low-cost transactions.

Benefits of using stablecoins like USDC on ebioro:

Stable value: Unlike other cryptocurrencies, stablecoins are not highly volatile, making them ideal for everyday transactions.
Fast and low-cost transactions: Stellar allows almost instant transfers with minimal fees.
Global accessibility: Send, receive, or spend funds anywhere in the world without traditional banking limitations.
Transparency and security: USDC is backed by real US dollars and operates on a secure blockchain.

With USDC on ebioro, you get the advantages of cryptocurrencies while enjoying the confidence of price stability.

Frequently Read Articles

Browse All Categories